Skip to main content

Featured Post

Russia Holds Key Rate at 21% Amid Surging Inflation

The Bank of Russia unexpectedly maintained its key interest rate at a record-high  21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to  8.9%  in November, well above the central bank’s  4% target , with inflation expectations reaching  13.9%  in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s  200-basis point hike  as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...

Market Daily Report: Bursa reverses Monday's gains, closes lower

KUALA LUMPUR (June 13): Bursa Malaysia retreated from Monday's (June 12) gains to close lower on Tuesday, despite the upbeat regional market performance ahead of the release of US consumer price index (CPI) data later on Tuesday.

At 5pm, the FBM KLCI had eased 6.16 points, or 0.44%, to 1,380.61, from 1,386.77 at Monday’s close.

The key index opened 0.92 of a point firmer at 1,387.69 on Tuesday morning, and moved between 1,378.15 and 1,387.79 throughout the day.

Market breadth was negative, as decliners led gainers 466 to 434, while 421 counters were unchanged, 923 untraded, and 12 others suspended.

Turnover increased marginally to 3.08 billion units worth RM1.97 billion, versus 3.01 billion units worth RM1.72 billion on Monday.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the KLCI was lower on Tuesday, as investors took profit after Monday's firm rally.

He said the key regional indices were higher, following a positive cue from global equities overnight, with strong gains for tech stocks.

Japan's Nikkei 225 added 1.80% to 33,018.65, Hong Kong’s Hang Seng Index put on 0.60% to 19,521.42, and China’s Shenzhen Index rose 0.76% to 10,955,96, while Singapore’s Straits Times Index slipped 0.16% to 3,190.82.

"Investors were eagerly anticipating a temporary break in the US Federal Reserve's (Fed) highly aggressive tightening campaign, leading the stock market to maintain its bullish momentum.

"Additionally, China’s central bank cut a short-term policy interest rate, easing its monetary stance to help aid the world's second-largest economy in its recovery," he told Bernama. 

Thong said despite the profit-taking on Tuesday, investors remained cautiously optimistic, amid the improving global market sentiment.

He anticipates the KLCI to move within the range of 1,375-1,390 for the remainder of the week, with immediate resistance at 1,390, followed by 1,415, and support at 1,373.

Meanwhile, SPI Asset Management managing director Stephen Innes said even though US stocks were trading higher on expectations of a US Fed interest rate pause and softer inflation, Asian markets were not keeping pace with this run.

In addition, he said China's economy was still struggling, which put a damper on regional risk, hence he expects investors to be reticent to push higher this week, ahead of China's activity data to be released on Friday.

bursa06132023.jpg


"Still, the bigger and more immediate question comes from today's (Tuesday) US CPI data, and how that outcome affects the Fed’s reaction.

"In other words, local investors are still worried that US inflation could come in hot, and could cause the Fed to hike [interest rates] on Wednesday," he added. 

Among the heavyweights, Malayan Banking Bhd (Maybank) shed one sen to RM8.62, Public Bank Bhd fell four sen to RM3.81, CIMB Group Holdings Bhd decreased three sen to RM4.99, Tenaga Nasional Bhd slid 12 sen to RM9.14, and Petronas Chemicals Group Bhd went down 23 sen to RM6.42.

Of the actives, Sarawak Consolidated Industries Bhd added 4.5 sen to 37 sen, Bumi Armada Bhd increased three sen to 45 sen, XOX Bhd eased half a sen to 1.5 sen, Kumpulan Jetson Bhd lost 9.5 sen to 33 sen, while Widad Group Bhd was flat at 42 sen.

On the index board, the FBM Emas Index shrank 20.12 points to 10,197.00, the FBMT 100 Index was 21.77 points weaker at 9,892.77, and the FBM Emas Shariah Index trimmed 15.00 points to 10,537.61.

The FBM ACE Index climbed 69.90 points to 5,146.53, and the FBM 70 Index increased 62.60 points to 13,537.67.

Sector-wise, the Industrial Products and Services Index edged down 1.06 points to 158.75, the Plantation Index slipped 39.40 points to 6,718.24, the Financial Services Index declined 20.03 points to 15,199.39, and the Energy Index put on 2.79 points to 780.66.

The Main Market volume slid to 1.95 billion units valued at RM1.68 billion, from 1.97 billion units valued at RM1.50 billion on Monday.

Warrant turnover expanded to 377.22 million units worth RM56.52 million, against 325.46 million units worth RM45.50 million previously.

The ACE Market volume increased to 750.12 million shares valued at RM227.64 million, from 709.24 million shares valued at RM171.07 million on Monday.

Consumer products and services counters accounted for 359.62 million shares traded on the Main Market, followed by industrial products and services (644.03 million), construction (47.12 million), technology (245.46 million), special purpose acquisition companies (nil), financial services (72.50 million), property (138.58 million), plantation (32.21 million), real estate investment trusts (8.29 million), closed/funds (64,000), energy (180.49 million), healthcare (78.29 million), telecommunications and media (43.40 million), transportation and logistics (48.62 million), and utilities (51.38 million).

Meanwhile, in a filing on Tuesday, Bursa Malaysia Securities announced that trading of the securities relating to Boustead Holdings Bhd will be suspended with effect from 9am next Tuesday (June 20), pursuant to Paragraph 16.02(3) of the Main Market Listing Requirements.


Source: The Edge

Comments

Popular posts from this blog

特朗普考虑保罗·阿特金斯接任SEC主席,或推动加密货币监管转型

据彭博社报道,美国候任总统唐纳德·特朗普正在考虑由 保罗·阿特金斯 (Paul Atkins)接替即将卸任的证券交易委员会(SEC)主席 加里·根斯勒 (Gary Gensler)。阿特金斯以其支持数字资产的立场闻名,这一任命可能为SEC的加密货币监管政策带来重大转变。 事件概况 阿特金斯的背景 : 阿特金斯曾在乔治·W·布什政府期间担任SEC专员。他一直推动制定明确且平衡的加密货币法规,力求为金融科技创新提供支持。 行业经验 : 离开SEC后,阿特金斯领导了 Patomak Global Partners ,一家为主要金融公司提供咨询的机构。他主张简化监管流程以鼓励创新,同时确保市场完整性。 其他候选人 : 马克·乌耶达 (Mark Uyeda):现任SEC专员 希斯·塔伯特 (Heath Tarbert):前商品期货交易委员会(CFTC)主席 罗伯特·斯特宾斯 (Robert Stebbins):Willkie Farr & Gallagher LLP合伙人 特朗普的亲加密货币立场 特朗普承诺终结根斯勒领导下的SEC“反加密货币运动”。根斯勒的任期因FTX崩盘等丑闻后的强力执法而备受争议,被批评为给行业带来了不确定性。 阿特金斯的潜在任命与特朗普的目标一致,即在保障市场完整性的同时,通过更加友好的监管政策推动数字资产的发展。 接下来会发生什么? SEC主席的任命预计将在未来几天内敲定。如果阿特金斯接任,这将表明SEC将采取更注重创新的监管方式,为加密货币行业带来更大的确定性和发展空间。

INTC Share Watch and News

Stock Info Market Monitor Company Profile Intel Corporation designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds. The company also offers system on chip products that integrate its core processing functionalities with other system components, such as graphics, audio, and video, onto a single chip. It also provides chipset products that send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive, and CD or DVD drives; motherboards that has connectors for attaching devices to the bus, and products designed for desktop, server, and workstation platforms; and wired and wireless connectivity products, including network adapters and embedded wireless cards used to translat...

Capital A 股价下跌,因外汇驱动的第三季度业绩低于预期

Capital A Bhd 在周五早盘交易中股价下跌7%,至1.01令吉,市值降至46亿令吉。这是由于其2024财年第三季度业绩未达到大多数分析师预期,尽管受益于外汇收益提振。 2024财年第三季度亮点: 核心税后及少数股东权益后亏损 (Latmi):  1.434亿令吉,令2024财年前9个月的税后亏损达到1.195亿令吉。 业绩未达  香港联昌投资银行(HLIB)预计的7.549亿令吉的税后净利(Patmi),但与市场普遍预测的4.59亿令吉税后净利一致。 剔除例外项目 (EIs):  共计12亿令吉,主要由于15亿令吉的外汇收益,但被递延税务损失部分抵销。 环比表现: 核心Latmi从上一季度的5,760万令吉恶化至1.434亿令吉,主要受以下因素影响: 季节性收益率疲弱; 成本增加; ADE MRO(维修、保养及翻修)业务因6个新机库的启动成本造成亏损。 未来展望: 预计2024财年第四季度表现将有所改善,得益于: 更高的机队容量; 季节性需求和收益率的改善; 喷气燃料价格下降及美元贬值; 来自新ADE机库的运营贡献。 待决事项: 航空业务出售:  正等待法院批准出售给亚航长途(AirAsia X Bhd, KL:AAX),预计在2025财年第一季度完成。 PN17状态:  出售后仍维持,预计在2025财年上半年完成相关解决方案。 联昌投资银行(HLIB)建议: 维持“买入”评级,目标价为1.68令吉,估值基于航空业务为68亿令吉,非航空业务为21.5亿令吉。 尽管短期面临挑战,Capital A 的长期增长前景依然受到更强的季节性表现和战略举措的支持。