April 22th MON - BC Daily trading floor - First trading day ; Week 4

Morning Traders,

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*watch tenaga again

we see a positive start to the week

GLOBAL MARKETS-Nikkei bulls charge in as dollar/yen hovers at 100
Business & Markets 2013
Written by Reuters
Monday, 22 April 2013 08:35


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TOKYO (April 22): Bulls drove Japanese shares to nearly five-year highs as yen bears clawed at the symbolic 100 yen/dollar door after the Group of 20 gatherings in Washington all but endorsed the Bank of Japan's aggressive reflation drive.

The dollar was trading at 99.78 yen, after earlier rising to 99.89, just below a four-year high of 99.95 yen hit on April 11.

In a communique after a two-day meeting on Friday, the G20 simply said it would be "mindful" of possible side effects from extended periods of monetary stimulus, without singling out Japan as some in the markets had feared.

"Following the G20, players feel comfortable selling the yen further, and it is just a matter of timing when the symbolic 100 yen level is hit," said Yuji Saito, director of foreign exchange at Credit Agricole in Tokyo.

Japan's Nikkei stock average opened up 1.7 percent, cheering the G20 outcome as a clear trend for the yen's weakness improves prospects for Japanese corporate earnings.

The MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent after ending a volatile week with a 0.5 percent drop. Global equities markets and commodities rebounded late last week after tumbling sharply on concerns about growth slowdown in the United States and China.

Australian shares were up 0.1 percent while South Korean shares opened down 0.2 percent.

With few major events or news scheduled during the session in Asia, market focus was largely on when the dollar will top 100 yen to renew its four-year peak.

With the euro zone's economy looking fragile, the U.S. dollar looked set to strengthen relative to other major currencies. How far that would go depended on U.S. economic data rather than factors from Japan, Credit Agricole's Saito added.

Heavy option barriers were lined up around 100 yen to the dollar, but once the level is broken the dollar has more upside as it would trigger stop-loss buying and target 101.45, a 2009 high, he said.

Asian shares were capped on Monday with investors remaining wary of volatility in riskier assets such as shares and gold while digesting current developments.

Finance leaders of the G20 club of advanced and emerging economies also edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.

That concern was highlighted on Saturday when the International Monetary Fund's steering committee said at the conclusion of the world lender's spring meeting that monetary policy alone was not enough to restore confidence in the shaky global economy. They urged countries to take additional steps to reinvigorate growth and create jobs.

Data on Friday showed currency speculators raised their bets against the yen in the week ended April 16, while lifting positions in favour of the U.S. dollar.

The euro was down 0.2 percent to $1.3055 and traders expected the single currency to face pressure as a slew of euro zone economic reports will be released this week.

Italy's re-election of a president on Saturday has raised the prospect of an end to the two months of political stalemate that followed a general election, helping to support the euro.

U.S. crude was steady around 88.01 a barrel.

Spot gold was up 0.2 percent to $1,407.81 an ounce, well above its lowest in more than two years of $1,321.35 touched last week. - Reuters

Nikkei vaults to nearly five-year high as yen softens after G20
Business & Markets 2013
Written by Reuters
Monday, 22 April 2013 08:11


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TOKYO (April 22): The Nikkei average climbed to a near five-year high on Monday, with exporters taking the lead as the yen softened broadly after the Group of 20 nations stopped short of criticising Japan's radical monetary expansionary policies.

The Nikkei rose 1.9 percent to 13,562.78 after trading as high as 13,577.81, its highest since July 2008, while the broader Topix index advanced 1.9 percent to 1,148.02. - Reuters

morning

JF wrote: morning

morning hows the office ?

Cals wrote:

JF wrote: morning

morning hows the office ?

sleepy....

good morning comrades :D

Bursa berserker wrote:good morning comrades :D

good morning BB

Mid-morning Market KLCI struggles to sustain gains
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Monday, 22 April 2013 10:09


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KUALA LUMPUR (April 22): The FBM KLCI eked out limited gains at mid-morning on Monday, as continuing market consolidation kept a lid on investor activity at the local bourse.

At 10am, the FBM KLCI added a mere 2.47 points to 1,708.75.

Losers over took gainers by 177 to 151, while 194 counters traded unchanged. Volume was 155.53 million shares valued at RM146.96 million.

Among the gainers at mid-morning were Petronas Dagangan, Jerasia, BAT, I-BHD [], Dayang Enterprise, Petronas Gas, HDBS, Tan Chong, Parkson and United PLANTATION []s.

K-Star was the most actively traded counter with 13.48 million shares done. The stock rose 2.5 sen to 22.5 sen

The other actives included Astral Supreme, MISC, Metronic, Johan, Nextnation, Kinsteel and Luster.

The losers included Nestle, MISC, Aeon, Genting Plantations, Carlsberg, Genting, IJM Corp and Bright Packaging.

Maybank IB head of retail research and chief chartist Lee Cheng Hooi in a note to clients Monday said the obvious support areas for the FBM KLCI were in the 1,664 to 1,702 zone.

“The key resistance levels of 1,706 and 1,716 will see some heavy liquidation activities,” he said.

Meanwhile, bulls drove Japanese shares to nearly five-year highs as yen bears clawed at the symbolic 100 yen/dollar door after the Group of 20 gatherings in Washington all but endorsed the Bank of Japan's aggressive reflation drive, according to Reuters.

The dollar was trading at 99.78 yen, after earlier rising to 99.89, just below a four-year high of 99.95 yen hit on April 11, it said.

In a communique after a two-day meeting on Friday, the G20 simply said it would be "mindful" of possible side effects from extended periods of monetary stimulus, without singling out Japan as some in the markets had feared, said Reuters.

Cals wrote:

Bursa berserker wrote:good morning comrades :D

good morning BB

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KLCI futures lower at mid-day
Business & Markets 2013
Written by Bernama
Monday, 22 April 2013 13:12


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KUALA LUMPUR (April 22): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed lower at mid-day, in line with the weaker cash market.

Spot month April 2013, June 2013 and September 2013 fell 1.5 points each to 1,703.5, 1,696.5 and 1,687 respectively while May 2013 erased one point to 1,699.

The underlying FBM KLCI ended the morning session 0.37 of a point lower at 1,705.91.

Kenanga Today

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l Sector Update: Media

l Quick Bites: GAMUDA, MISC, WCT, UZMA

l On Our Portfolio: All Eyes on the Election Campaign

l On Our Technical Watch: Weekly Technical



NEWS HIGHLIGHTS

l Petronas Dagangan gets sukuk approval

l CIMB Thai Q1 net profit up 11.4%

l Up to EPF to decide RHBCap privatisation, says group MD

l Kamdar to sell land, building for RM26.0m

l Datasonic awarded RM15.0m KDN service contract

l Johan in talks to sell charge and credit card ops

FOREIGN NEWS HIGHLIGHTS

l Sprint/SoftBank asks FCC to go ahead with deal review

l Nestle’s Nespresso Growth Hit by Swiss Contender Migros


ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l IMF To Boost Oversight Of Bank Stimulus

Asia Pacific

l G-20 Eyes Stimulus Fallout Even As Japan Bond Buying Praised

l Japan Invited To Join TPP Trade Talks

l PBOC’s Zhou Says Slower Growth Needed For Restructuring

l Australia Sees Wider Deficit As High Currency Hits Revenue

North America

l Dealers Say No End To QE In 2013 As Hatzius Sees 2016 Rate Rise

l Carney Says Next Canada Rate Move Needs Above 2% Growth

Europe

l Greeks Have Lost A Third Of Their Disposable Income

Currencies

l Dollar Gains Vs. Yen After G-20 Statement

Commodities

l Oil Rebound After Week's Big Sell-Off

l Gold Posts 5% Weekly Loss, Outlook Seen Volatile

good afternoon :D

close of session

market cap /transaction looks like many change of hands
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top winner vs loser
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warrant
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