Skip to main content

Posts

Showing posts with the label stock momentum

Featured Post

Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Post a Comment
Read more

Bursa Momentum Watch (Feb 11): AIM, Ralco, Takaful Lead Volume Build-Up

Quick Summary Three stocks flagged with positive momentum Four stocks showed negative momentum signals Signals are based on  volume and price build-up , not buy/sell calls Momentum trades are typically  short-lived Positive Momentum Stocks Advance Information Marketing Bhd  (AIM) Unchanged at 6 sen Flagged due to  volume surge despite flat price Ralco Corporation Bhd  (RALCO) +1 sen (+1%) to RM1.01 Syarikat Takaful Malaysia Keluarga Bhd  (TAKAFUL) +3 sen (+0.88%) to RM3.42 These counters are seeing  stronger-than-usual buying activity . Negative Momentum Stocks APM Automotive Holdings Bhd  (APM) +4 sen (+1.18%) to RM3.43 British American Tobacco (Malaysia) Bhd  (BAT) +67 sen (+12.25%) to RM6.14 Bintai Kinden Corporation Bhd  (BINTAI) +0.5 sen (+5%) to 10.5 sen Milux Corporation Bhd  (MILUX) +3.5 sen (+6.86%) to 54.5 sen Despite price gains in some names, the algorithm detected  volume patterns suggesting weakening momentum . Ho...
Post a Comment
Read more

Asian Stocks Set for Gains as Wall Street Hits New Highs

Asian markets are poised for a positive start on Tuesday, tracking Wall Street's rally led by technology stocks. Futures indicate gains in Tokyo, Shanghai, and Sydney , while Hong Kong remains flat . Currency markets and geopolitical developments are adding complexity to global sentiment. Key Highlights Wall Street Momentum S&P 500 : Notched its 54th record close of 2024 , up 0.2% . Nasdaq 100 : Rose 1.1% , driven by Tesla (+5.9%) and a new peak for Apple . Dow Jones : Fell 0.3% . Treasuries : 10-year yields rose 2 basis points to 4.19% . Tech Restrictions and China Focus The US tightened curbs on chip and AI components to China, affecting companies like SK Hynix , Samsung , and Micron . China Stimulus Watch : Investors await policy signals from this month’s Politburo meeting , as November’s session lacked a key economic policy readout. Fed’s Influence Fed Governor Christopher Waller indicated support for a December rate cut , with swaps pricing a 70% chance of a 25-basis...
Post a Comment
Read more