The FBMKLCI index closed 6.08pts higher yesterday after China’s Commerce Ministry said Thursday that Beijing had agreed with Washington to lift existing trade tariffs between the two nations in phases. The optimism over the US-China trade deal could potentially lift local market sentiment. Coupled with the US stock market up big overnight, both KLCI and Bursa ACE index are likely to trade higher today. Resistance: 1,620 & 1,637. Support: 1,600 & 1,577.
Gainers: 456
Losers: 382
Unchanged: 398
DOW: 27,674.80 (+0.66%)
FTSE100: 7,406.41 (+0.13%)
DAX: 13,289.46 (+0.83%)
HSI: 27,847.23 (+0.57%)
STI: 3,285.72 (+0.71%)
KLCI: 1,609.33 (+0.38%)
Targets: RM0.445, 0.47
Stop: RM0.37
Targets: RM0.805, 0.85
Stop: RM0.705
Agricultural Bank of China (1288) (HK$3.33): Technical Buy
Targets: HK$3.53, 3.66-3.70
Stop: HK$3.23
Targets: HK$0.128, 0.154
Stop: HK$0.095
Gainers: 456
Losers: 382
Unchanged: 398
DOW: 27,674.80 (+0.66%)
FTSE100: 7,406.41 (+0.13%)
DAX: 13,289.46 (+0.83%)
HSI: 27,847.23 (+0.57%)
STI: 3,285.72 (+0.71%)
KLCI: 1,609.33 (+0.38%)
- Binasat Communications (0195) (RM0.41): Technical Buy
Targets: RM0.445, 0.47
Stop: RM0.37
- Gadang Holdings (9261) (RM0.745): Technical Buy
Targets: RM0.805, 0.85
Stop: RM0.705
- Hong Kong:
Agricultural Bank of China (1288) (HK$3.33): Technical Buy
Targets: HK$3.53, 3.66-3.70
Stop: HK$3.23
- New Times Energy Corp (166) (HK$0.103): Technical Buy
Targets: HK$0.128, 0.154
Stop: HK$0.095
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