Skip to main content

Posts

Showing posts with the label mining stocks

Featured Post

Market Daily Report: Bursa Malaysia Ends Lower On Cautious Sentiment

KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Post a Comment
Read more

Europe Stocks Slide Again as Iran War Sparks Stagflation Fears

European  equities  are  on  track  for  a  second  straight  weekly  decline ,  as  the  Iran  war  pushes  oil  above  US$100  and  revives  concerns  over  inflation,  growth  and  financial  stability. Stoxx 600  Falls  as  Oil  Surges The  Stoxx Europe 600   dropped 0.8%  in  early  London  trading,  extending  March  losses. With  oil  trading  above  US$100  per  barrel,  investors  are  reassessing  the  risks  of: Higher  inflation Slower  economic  growth Prolonged  geopolitical  instability Key  Point:  Rising  energy  costs  are  shifting  market  focus  from  rate  cuts  to  stagflation  risk. Mining  and  Banks...
Post a Comment
Read more

Bitcoin Plunge Triggers Options Pivot: Panic Fades in HUT, Rebound Bets Build in MSTR

Quick Summary Bitcoin plunged over 10% to around US$65,000 , dragging crypto-linked stocks down more than 15% Options data shows no mass exit  — traders are rotating strategies, not abandoning crypto HUT sees short-term put selling , signalling stabilisation rather than a bounce MSTR attracts longer-dated call buying , pointing to rebound expectations over weeks to months What Happened A sharp selloff in  Bitcoin  sent shockwaves through the crypto ecosystem. Mining stocks and Bitcoin treasury names were hit hard, with  Hut 8  and  MicroStrategy  each falling  more than 15% in a single session . Despite the severity of the move,  options markets tell a calmer story . HUT: Volatility Selling Signals Short-Term Stabilisation After HUT slid to around  US$46 , options traders did  not  rush to buy downside protection. Instead: Near-dated puts were sold , clustered around  US$46–US$48 This reflects a view that  immediate d...
Post a Comment
Read more