Bursa Malaysia Securities Bhd has queried Grand Hoover Bhd due to the sharp rise in the price and volume of shares recently.

At 4.06pm, it was up 40 sen to RM1.76. There were 1.91 million shares done at prices ranging from RM1.47 to RM1.76.

Shares of the property development company had surged from 76 sen on Feb 2.

The regulator advised investors to take note of the company’s reply to the unusual market activity query which will be posted at Bursa Malaysia’s website when making their investment decision.

It directed the company to enquire with its directors, major shareholders and such other relevant persons whether there is any corporate development relating to your group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.

It also queried the company whether there was any rumour or report concerning the business and affairs of the group that may account for the trading activity.

KLCI gives up most gains as glove makers retreat

The main index at Bursa Malaysia gave up some of its gains at the midday break today, as glove makers dominated the losers' list.

At 12.30pm, the FBM KLCI was up 1.96 points to 1,580.59. The index had earlier risen to a high of 1,586.06.

Gainers led losers by 463 to 306, while 716 counters traded unchanged. Trading volume was 4.16 billion shares valued at RM2.36 billion.

The gainers included Nestle (Malaysia) Bhd, Tasco Bhd, Seni Jaya Corp Bhd, Press Metal Aluminium Holdings Bhd, Woodlandor Holdings Bhd, Knusford Bhd, Sarawak Consolidated Industries Bhd, Telekom Malaysia Bhd and Techbond Group Bhd.

The actively trade stocks included Dagang NeXchange Bhd, Luster Industries Bhd, Trive Property Group Bhd, AT Systematization Bhd, Pasukhas Group Bhd, HB Global Ltd, Yong Tai Bhd and Sanichi Technology Bhd.

The decliners included Hartalega Holdings Bhd, Supermax Corp Bhd, KESM Industries Bhd, Top Glove Corp Bhd, See Hup Consolidated Bhd, Amtel Holdings Bhd, Genetec Technology Bhd and Kosssan Rubber Industries Bhd.

Reuters said Asian shares hovered near record highs today while oil edged closer to US$60 a barrel on hopes a US$1.9 trillion Covid-19 aid package will be passed by US lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally.

MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.3% at 717.2 after climbing as high as 730.16 late last month, it said.

Hong Leong IB Research said tracking the rally on Wall Street and the allowance of all economic sectors to open (with tightening standard operating procedures) coupled with the road map of Malaysia's National Immunisation Plan, KLCI could still retest the stiff 1,600 psychological barrier in this Chinese New Year holiday-shortened week.

"However, further gains are likely to be capped amid elevated Covid-19 infections and the start of the February reporting season.

"Given the potential for volatility, a balanced portfolio remains appropriate.

"Hence, we would adopt a more balanced approach in our top picks with a combination of recovery plays, volatility, defensives, value and sold down pandemic beneficiaries," it said.

KLCI pares gains, remains subdued despite emergency unannounced

  The main index at Bursa Malaysia pared some of its loss, as sentiment somewhat remained subdued despite a proclamation of an emergency, which was bandied about last Friday, being averted.

FBM KLCI was down 7.70 points to 1,486.94. The index had earlier slipped to a low of 1,482.80.

.The United States has seen its highest ever number of new Covid-19 cases in the past two days, while France also set unwanted case records and Spain announced a state of emergency, it said.

CGS-CIMB Research said while the decision of Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah to reject the government’s request for emergency powers to fight the Covid-19 pandemic is a major relief for the market and could lead to reduced political noise in the near term, it is unlikely to alleviate foreign investor concerns.

The actively traded stocks included newly-listed Mr DIY Group (M) Bhd, Vsolar Group Bhd, Advance Synergy Bhd, Luster Industries Bhd, Mah Sing Group Bhd, XOX Bhd, Kanger International Bhd and Sapura Energy Bhd.

Top Glove Corp raising more than US$1 billion from a listing in Hong Kong

 Top Glove, whose shares are traded in Kuala Lumpur and Singapore, is working with advisers on the potential share sale in Hong Kong. 

At US$1 billion, Top Glove’s listing would be the biggest ever by a Malaysian company in Hong Kong.

Deliberations are ongoing and details of the offering including size could increase depending on investor feedback, the people said.

The company confirmed that it is evaluating a dual primary listing in Hong Kong, according to an exchange statement Monday, without providing details of the offering.

FBM KLCI was up 10.35 points to 1,499.91

 The FBM KLCI was up 10.35 points to 1,499.91 in line with other Asian markets that rallied on US President Donald Trump backpedalling on a decision to halt further stimulus talks.

Most heavyweights on the FBM KLCI advanced, led by Petronas Chemicals climbing 20 sen to RM5.90, IHH Healthcare adding 10 sen to RM4.99 and Maybank risig seven sen to RM7.17.

Rubber counters took a breather after its recent rally with Top Glove staying flat at RM8.80 and Hartalega dipping four sen to RM16.86.



In plantations Sime Darby Plantation, which experienced a selloff yesterday, bounced 11 sen higher to RM5. IOI also rebounded seven sen to RM4.34 while KL Kepong stayed flat at RM22.46.

Top active stocks were Trive flat at 1.5 sen, Kanger down 0.5 sen at 19 sen and Bintai Kinden up 2.5 sen to 70.5 sen. Asian markets meanwhile ticked higher on renewed hopes for more US stimulus.

Bursa Malaysia and Asian markets staged a rally on Tuesday

Investors took heart from the support measures unveiled by the US Federal Reserve to combat the Covid-19 fallout.

The FBM KLCI was up 39.48 points or 3.13% to 1,299.36. Turnover was 3.17 billion shares valued at RM2.18bil. Advancers beat decliners or nearly five to one with 756 gainers, 155 losers and 246 counters unchanged.

Reuters reported China stocks tracked broader Asia higher also on the Fed’s move to ease a global cash crunch, although gains were capped due to a sharp rise in new coronavirus cases in China. The Shanghai Composite index was up 2.3% at 2,722.44.European shares attempted another rebound after slumping in the previous session, as a fresh round of monetary and fiscal stimulus offered some relief even as the coronavirus pandemic spreads rapidly across the globe, the wire reported.

At Bursa, the regulators decision to halt short-selling activities helped steady the market which was already battered by the Covid-19 and oil price collapse.

Banks led the KLCI higher with Public Bank, Hong Leong Bank and Maybank underpinning the index.

FBM KLCI slid 35.21 points to 1,268.07 Today

Bursa Malaysia could not sustain the rally from the previous session and tracked global equities lower amid worsening sentiment over the impact of the Covid-19 pandemic.

Trading volume was 1.63 billion shares valued at RM1.09bil. Market breadth was negative with 732 decliners, 117 gainers and 183 counters unchanged. Bursa Malaysia Securities suspended the short selling activities for CMSB, Serba Dinamik, MI and Frontken on Monday morning and for the rest of the day. It said the last done price of the shares dropped more than 15% from the reference price. The short selling will only be activated on Tuesday at 08:30am.

CMSB was down 18 sen to 94 sen, Serba Dinamik 14 sen to RM1.16, MI 24 sen to RM1.43 and Frontken 12 sen to RM1.33. The FBM KLCI slid 35.21 points to 1,268.07. Trading volume was 1.63 billion shares valued at RM1.09bil. Market breadth was negative with 732 decliners, 117 gainers and 183 counters unchanged.

FBM KLCI fell 1.87% to 1,215.8 Today - 19/03/2020

The Bursa Malaysia Finance Index fell 2.56% or 291.05 points to an 11-year low of 11,058.43.

The benchmark index has shed some 23.5% from 1,588.76 on Dec 31, 2019.The decline in banking stocks was led by Affin Bank Bhd, which fell as much as 10.42% to RM1.29, followed by RHB Bank Bhd, which declined as much as 7.03% to RM4.23, Alliance Bank Bhd, down as much as 4.97% to RM1.53, and Hong Leong Financial Group Bhd, which shrank as much as 4.92% to RM11.60.

 CIMB Group Holdings Bhd dipped as much as 3.28% to RM3.24, AMMB Holdings Bhd was down as much as 2.62% to RM2.97, and Public Bank Bhd fell as much as 2.3% to RM12.72. Hong Leong Bank Bhd was down as much as 1.77% to RM12.20, Malayan Banking Bhd fell as much as 1.52% to RM7.15, while BIMB Holdings Bhd shed as much as 0.68% to RM2.90. 

Market Movements are Biased Towards Near-term Earnings Expectations

Markets are functioning well. The trading stops are working as designed. After nearly a 30% drop, investors will begin to consider buying. But, with a global recession at hand, the fundamentals on which value decisions are based will deteriorate. It’s a guess as to how far.

So what’s the right price to pay for something that is facing deteriorating sales and earnings?  The answer is at a price low enough to cushion against worst case outcomes.

As an investor, pick your companies carefully as you re-enter the market. Don’t look to “call a bottom” for the market. Instead dispassionately research the prospects of a company in the current range of macro- economic outcomes. Determine your discipline as to how much uncertainty (risk) you are willing to tolerate in your forecast.

KLSE Market News Today

The ringgit extended yesterday's uptrend to open higher against the US dollar Tuesday, ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting today, with the market expecting a 25 basis point cut in interest rates today.

At 9.01am, the local note stood at 4.1990/2030 against the greenback from 4.2010/2040 recorded at 6pm on Monday.

Chocolate maker Guan Chong Bhd’s share price jumped 15 sen or 5.7% to an intraday high of RM2.78 today on news that its Singaporean subsidiary had concluded its acquisition of German chocolate maker Schokinag Holding GmbH for RM137.84 million at the end of January.

In a Bursa Malaysia filing yesterday, Guan Chong said its unit GCB Pte Ltd had completed the purchase of Schokinag on Jan 30.

The RM20 Billion Economic Stimulus Package

The Malaysian Government will introduce the 2020 Economic Stimulus Package to ensure economic risks associated with the outbreak are effectively.Various strategies have been formulated to ensure that Malaysian economy remains on strong foundations.

Malaysia Government today revealed a RM20 billion package of tax reliefs and subsidies to stimulate the economy hit by the coronavirus (Covid-19) outbreak. In his speech today, Interim Prime Minister Tun Dr Mahathir Mohamad said Malaysia's stimulus package is anchored on three strategies namely mitigating impact of Covid-19, spurring rakyat centric economic growth and promoting quality investments. 

For instance, to help ease the burden of companies affected by the virus, Bank Negara Malaysia will provide a special relief facility worth RM2 billion, particularly in the form of working capital for small and medium enterprises at an interest rate of 3.75%. Bank Simpanan Nasional will also allocate a RM200 million in microcredit facility offering an interest rate of 4% to affected businesses.

In addition, the approval process for existing loan funds will be further streamlined such as Bank Pembangunan’s tourism infrastructure fund of RM1.5 billion.

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Why Friday is the best day to sell stocks?

Ever wondered why usually market goes slower and in a down trend on Friday?

When market turns red on almost every Friday there are lot of short traders which hold stocks within 1 week of trading days (Mon-Fri) as compared to the long - term investors.

Therefore, “Friday is the best day to sell stocks” is a notion where traders do not like the exposure to the market in the weekend.

The world is unsure, however on a weekday the stock costs can change in accordance with news every minute of every day ,while there is far less chance to alter positions in the end of the week. On the off chance that you don't need presentation to this vulnerability you close the situations before the end of the week (and informal investors frequently close their positions before the business sectors near maintain a strategic distance from medium-term introduction for a similar explanation). 


Taking everything into consideration, its everybody inclination whether to be a transient broker or long haul financial specialist, there is no correct decisions between those two.


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Using Indicators. Does it boost profits?

Should you use Indicators? Will it boost profits if added in charts?

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Many investors and active traders use technical trading indicators to help identify high-probability trade entry and exit points. Consider pairing up sets of two indicators on your price chart to help identify points to initiate and get out of a trade. For example, RSI and moving average convergence/divergence can be combined on the screen to suggest and reinforce a trading signal.

An indicator manipulates price data using a mathematical formula. The indicator shows a visual representation of the mathematical formula and price inputs. To a skilled chart reader or trader an indicator often won't reveal more than what is visible just by analyzing the price chart (or volume) without any indicators. 

Since there is so much to be analyzed on a price chart an indicator helps simplify it. This is why indicators are so alluring to new traders. Instead of learning how to identify a trend on the price chart, they try to find an indicator that will determine the trend and trend reversals for them.
Indicator-based trading is relying on indicators to analyze the price and provide trade signals. Many indicators provide a specific trade signal which alerts the trade that now is the time to take a trade.

On the other hand, you shouldn’t think that any indicator will give you an opportunity to make 100% profitable trades.

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A book that will break the common mis-conception, that Stock Investing is gambling.

Main Topics Discussed in the Book -

- Why & How Stock Markets Came Into Existence?

- How & Why Does A Share Price, Rise & Fall?

- Market Capitalization

- Earnings Per Share (EPS) & (P/E)

- Where Can I Check All These For A Company?

- Art Of Picking Worthy Stocks

- Power Of Compounding

- 10 Stock Recommendations - Evergreen Stocks with detailed reports

- Common Mistakes To Stay Away From

- Better Times To Buy & Best Times To Sell

- Gold ETF's

- Some Personal Advice

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Did you know about Gold ETF ?

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The advantage of an ETF investment is its ability to mirror an index or its underlying asset at a lower cost. It is also cheaper to invest than unit trusts due to lower management fees.

To know more about ETF Funds Click here.

With an AUM of more than RM770bil, the Malaysian fund management industry can benefit greatly with an ETF market which is more vibrant and active

5 Great Malaysian Stocks For Income And Growth For 2020

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Investing in Stock Market to Achieve Financial Freedom

If your month-to-month fee is much less than or same to the passive profits generated from your investments, you've got completed monetary freedom with investments.

One of the best ways to create that second stream of income is to become a day trader. You can make money off stocks that move up and down during the trading day, but you need to have a coherent strategy, rock-solid risk management instincts and a willingness to study and do research or you can contact us to do so.

 There are day trading education sites which we provide to our clients 


That is how you make your money as a day trader. Not with a big, quick score that shocks the world. With small grinding trades day after day, that are smart and well-researched

Felix Research will help you achieve your Financial Freedom without have to taking care of anything. Just Subscribe to our Services and let us handle the rest .