Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


May 22 2014 - BC Daily Trading Floor

2 posters

Bursa Community :: Community Trader

Go down

May 22 2014 - BC Daily Trading Floor Empty May 22 2014 - BC Daily Trading Floor

Post by peanut Thu 22 May 2014, 10:30

Selamat Pagi  Coffee semua..  Cool  Cool 

can this two counter continue going north?  Devil  Evil 
mari kita lihat.....  Innocent  Innocent 

[You must be registered and logged in to see this image.]
peanut
peanut
Senior Member
Senior Member

Posts : 3508 Credits : 3762 Reputation : 149
Join date : 2012-04-06

Back to top Go down

May 22 2014 - BC Daily Trading Floor Empty Re: May 22 2014 - BC Daily Trading Floor

Post by Cals Fri 23 May 2014, 00:24

Market Close KLCI erases gains, falls 0.1% on plantation shares
Business & Markets 2014
Written by Chong Jin Hun of theedgemalaysia.com   
Thursday, 22 May 2014 17:09

KUALA LUMPUR (May 22): The FBM KLCI erased earlier gains for a 1.91 point or 0.1% decline, mainly on profit taking in plantation shares. Technical analystS said investors sold plantation shares amid falling crude palm oil (CPO) prices.

The KLCI had fallen after rising to new highs in recent days. 

Today, the KLCI settled at 1,875.12 at 5pm. This came on losses in stocks like Felda Global Ventures Holdings Bhd, Sime Darby Bhd and Kuala Lumpur Kepong Bhd despite Asian stock markets rising on better China purchasing managers index figures.

"The KLCI's decline is driven by the fall in shares of plantation firms," RHB Research Institute Sdn Bhd technical analyst Mohammad Ashraf Abu Bakar told theedgemalaysia.com over telephone today.

CPO prices have fallen. CPO futures for July 2014 delivery changed hands at RM2,521 a tonne today compared to a one-year intraday high of RM2,872 seen on March 11 this year, Bloomberg data show.

Across Bursa Malaysia, 1.8 billion shares worth RM2.23 billion changed hands. There were 390 gainers versus 402 decliners.

Top gainer was Yinson Holdings Bhd while leading decliners included Nestle (M) Bhd and PPB Group Bhd. The most-active stock was Malaysian Airline System Bhd.

"On the broader market, the small caps are still holding up well," Ashraf said.

Abroad, Japan’s Nikkei 225 rose 2.11%. Within China, Hong Kong's Hang Seng climbed 0.51% while the mainland's Shanghai Composite fell 0.18%

Reuters reported that Japanese stocks led a surge in Asian equities to a one-year high on Thursday, after an upbeat reading on China's factory sector burnished risk appetite and blunted some of the more pessimistic views on the world's second-biggest economy.

The HSBC Flash China Manufacturing Purchasing Managers' Index (PMI) recovered to 49.7 in May from April's final reading of 48.1, beating a Reuters' poll forecast of 48.1.

But the data is a touch below the 50-point level that separates a monthly growth in activity from a contraction, indicating that manufacturers actually experienced a slight drop in business.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community Trader

 
Permissions in this forum:
You cannot reply to topics in this forum