Aug 30th - BC Daily Trading Floor

morning traders  

last trading day for the month of AUG

Aug 30th - Stocks To Watch Genting, Hong Leong, TM, Tan Chong, Tradewinds, BDB, FGV, DRB, UEM

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Global Markets Asian shares rise as action on Syria looks uncertain
Business & Markets 2013
Written by Reuters
Friday, 30 August 2013 08:28

TOKYO (Aug 30): Asian stocks rose in early trading and oil prices tumbled as a possible U.S. military strike on Syria appeared less likely.

The dollar remained around a three-week high against a basket of currencies after data showed the U.S. economy grew at a quicker-than-expected annual pace of 2.5 percent in the second quarter.

The GDP data, combined with a fall in weekly jobless claims, reinforced expectations that the U.S. Federal Reserve will begin tapering its asset-buying stimulus as early as next month.

Meanwhile, any U.S. intervention in Syria in response to what Western governments believe was President Bashar al-Assad's use of chemical weapons looked set to be delayed at least until United Nations investigators report back after leaving Syria on Saturday.

The dollar index was last slightly higher at 81.977, after rising as high as 82.067 on Thursday, its highest level since Aug. 5.

Against the perceived safe-haven Japanese yen, the dollar traded up about 0.1 percent at 98.46 yen, up from a two-week low of 96.81 yen hit on trading platform EBS on Wednesday.

MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.1 percent, while Japan's benchmark Nikkei stock average rose 0.9 percent.

Some market participants said they expected profit-taking ahead of the U.S. holiday long weekend, although many investors would likely remain sidelined as the Syria situation continued to unfold.

"Fears about Syria may have abated, but uncertainty over possible military action against Syria in the mid-term will likely keep trading thin," said Yutaka Miura, a senior technical analyst at Mizuho Securities.

Upbeat Japanese data also cheered investors. Japan's core consumer prices rose 0.7 percent in July from a year earlier, marking the second straight month of gains and hitting a near-five year high, while the jobless rate stood at its lowest level since October 2008 in July. The availability of jobs hit the highest level in more than five years.

Brent crude prices tumbled 1 percent to $113.97 a barrel after spiking to a six-month high on Wednesday on fears that any military action in the Middle East, which pumps a third of the world's oil, would disrupt crude supply.

Gold eased 0.3 percent to around $1,403.20 an ounce, moving away from a 3-1/2 month high hit on Wednesday as fears over Syria prompted a flight to safety.

Copper prices were nearly flat at $7,155.25 a tonne, after sliding for a third day on Thursday and reaching their lowest price in almost three weeks due to the stronger dollar, concerns about Syria and slightly higher inventories.

On Wall Street on Thursday, stocks ended higher in thin volume, taking back some lost ground after their worst daily decline since June earlier this week. Over the past two sessions, the Standard & Poor's 500 Index has gained about 0.5 percent, but remains down 1.5 percent for the week.

The looming reduction to the Fed's quantitative easing has taken a toll on U.S. stocks but emerging market currencies have born the brunt. The Indian rupee plunged to a record low earlier this week as policymakers scrambled for solutions.

"There are no easy choices for the central banks but the most urgent task is to move faster than investors can repatriate capital," strategists at Jefferies said in a note to clients.

"This means making the unpalatable decision of collapsing domestic demand by raising interest rates," they said.

On Thursday, Indonesia's central bank raised its main interest rates, the latest country forced to defend its currency as investors pulled out funds from emerging markets in search of safer havens. - Reuters

selamat pagi 

peanut wrote:selamat pagi 

mornin   man you robot also ? 2am 8 am  

Cals wrote:

peanut wrote:selamat pagi 

mornin   man you robot also ? 2am 8 am  

 

morning...

WW wrote:morning...

morning 

Market Open KLCI rises 0.51% in early trade as possible U.S. military strike on Syria appears less likely
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Friday, 30 August 2013 09:18

KUALA LUMPUR (Aug 30): the FBM KLCI rose 0.51% on Friday to remain above the 1,700-point level in line with the advance at most regional markets as a possible U.S. military strike on Syria appeared less likely.

At 9.05am, the FBM KLCI added 8.74 points to 1,712.52, lifted by gains including at Genting-linked stocks and Maybank. However, the index has lost more than 80 points in August.

Gainers led losers by 165 to 38, while 107 counters traded unchanged. Volume was 64.42 million shares valued at RM37.37 million.

The top gainers in early trade included Genting, Genting PLANTATION []s, APM Automotive, Scientex, Tan Chong, Oldtown, Aeon, Maybank and Hong Leong Bank.

Hwang DBS Vickers Research in a market preview Friday said Wall Street recovered further last night when its key equity barometers climbed between 0.1% and 0.8% at the closing bell.

Essentially, sentiment was boosted by easing geopolitical tension in Syria as well as improving US economic data, it said.

“Against a more stable external backdrop, Malaysian equities could build on its recovery momentum today. On the chart, the benchmark FBM KLCI may attempt to pull slightly further away from the psychological mark of 1,700 ahead.

“In terms of news flows, the focus today will likely be on talks of possible government measures to reduce the fiscal and debt deficits. In particular, investors will be keen to check out the probable implications on the stock market as the government is looking to roll back subsidies (which may benefit Tenaga via a fuel cost pass-through electricity tariff mechanism) and reprioritize mega projects (which may cause delays in certain oil & gas and CONSTRUCTION [] projects). Separately, yield-seeking investors will be glad to hear a stream of dividend announcements made by GENTING BHD [] (net DPS of 37.5 sen), Genting Plantations (net DPS of 33 sen), Genting Malaysia (net DPS of 3.2 sen), Hong Leong Bank (net DPS of 22.5 sen) and Tan Chong (net DPS of 11.3 sen),” it said.

Asian stocks rose in early trading and oil prices tumbled as a possible U.S. military strike on Syria appeared less likely, according to Reuters.

The dollar remained around a three-week high against a basket of currencies after data showed the U.S. economy grew at a quicker-than-expected annual pace of 2.5 percent in the second quarter, it said.

morning  

JF wrote:morning   

morning  

IHH   

can't upload chart

peanut wrote:IHH   

can't upload chart

BC cacat a bit today

Mid-morning Market KLCI rises 0.59%, but still down more than 80 points in August
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Friday, 30 August 2013 10:13

KUALA LUMPUR (Aug 30): The FBM KLCI rose 0.59% at mid-morning on Friday to remain above the 1,700-point level in line with the advance at most regional markets as a possible U.S. military strike on Syria appeared less likely.

At 10am, the benchmark index added 10.07 points to 1,713.85, lifted by gains including at Genting-related stocks and other select blue chips. However, the index has lost more than 80 points in August.

Gainers led losers by 292 to 160, while 222 counters traded unchanged. Volume was 414.5 million shares valued at RM279.83 million.

The top gainers at mid-morning included BAT, Panasonic, Genting PLANTATION []s, Amway, Genting, Aeon Credit, Lafarge Malaysia, Allianz and Aeon.

TMS was the most actively traded counter with 41.41 million shares done. The stock was unchanged at 9.5 sen.

The other actives included Compugates, Sona Petroleum, TH Heavy Engineering, Harvest Court, and Sumatec.

The losers included Atlan, GD Express, Batu Kawan, Bright Packaging, Keck Seng, SCIb, Kimlun and Sungei Bagan.

BIMB Securities Research said that while the US military invention against Syria remains a threat, investors turned their attention to the higher than expected economic report which reported an encouraging growth in the US economy from April through June.

The Dow Jones Industrial Average finished 48.38 points higher at 14,824.51.

In Europe, broad market closed mostly higher with thin volumes as investors opted to stay on the sidelines amid worries of a US military intervention in Syria, said the research house.

“Locally, the FBM KLCI closed 17.61 points higher at 1,703.78.

“Although news reported signs of delay in the US military strikes on Syria, we think the investors will remain cautious on any potential attacks that may trigger. Hence, we do not see market to recover anytime soon,” it said.

Asian stocks rose in early trading and oil prices tumbled as a possible U.S. military strike on Syria appeared less likely, according to Reuters.

The dollar remained around a three-week high against a basket of currencies after data showed the U.S. economy grew at a quicker-than-expected annual pace of 2.5 percent in the second quarter, it said.

Ringgit opens higher against US dollar
Business & Markets 2013
Written by Bernama
Friday, 30 August 2013 09:43

KUALA LUMPUR (Aug 30): The ringgit opened higher against the US dollar in early session today on continued buying momentum for the local unit, dealers said.

At 9 am, the ringgit was quoted at 3.2950/2980 versus the greenback against yesterday's close of 3.3120/3150.

Against other major currencies, the domestic unit was also traded higher.

It appreciated against the Singapore dollar to 2.5873/5917 from 2.5904/5931 on Thursday and rose against the Japanese yen to 3.3494/3538 from 3.3770/3799 yesterday.

Against the British pound, the local currency improved to 5.1094/1151 from 5.1399/1451 yesterday and against the euro it advanced to 4.3616/3662 from 4.3954/3990 on Thursday.

nexus 4 RM1100,
can trust ar?
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yup directD, call before go buy to confirm price, cause prices like market. can change one anytime

KLCI futures mostly higher
Business & Markets 2013
Written by Bernama
Friday, 30 August 2013 10:33

KUALA LUMPUR (Aug 30): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives were mostly higher in early trading this morning tracking the firmer cash market performance.

At 9.47 am, spot month August 2013 and September 2013 both added 1.50 points to 1,706.5 and 1,695.5 respectively, while December 2013 decreased 0.5 point to 1,682.

Distant month March 2014 was untraded. Turnover stood at 2,401 lots while open interest amounted to 43,474
contracts.

The underlying FBM KLCI stood at 1,713.08, up 9.2 points at 9.52 am.

Fast-food workers in dozens of US cities are on strike, union leaders say, in what could be one of the industry's biggest walkouts [You must be registered and logged in to see this link.]

Workers want to be paid $15 (£10) an hour, double the rate for many employees at fast-food chains.

In New York City, about 300 protesters flooded into a McDonald's near the Empire State Building.

Short McD?  

TM-CY,

fuhhh IHH 

JF wrote:TM-CY,

ya ya
miss  

7.5 tak masuk

peanut wrote:fuhhh IHH 

adoiiii kuat betul ....  

peanut wrote:

JF wrote:TM-CY,

ya ya
miss  

7.5 tak masuk

i q 0.7.. lagi sikit sudah kena.. mane tau..  

harta-wa.. lol

JF wrote:

peanut wrote:

JF wrote:TM-CY,

ya ya
miss  

7.5 tak masuk

i q 0.7.. lagi sikit sudah kena.. mane tau..  

adooiii   sikit lg

JF wrote:harta-wa..  lol

tak tgk harta... busy with IHH , maybank .....

  

alamak sangkut need to overnight Supermx-cl 

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