Bursa slips deeper into red, over 1,000 stocks fall

 Bursa Malaysia slipped deeper into the red in late afternoon trade on Friday with over 1,000 counters falling, tracking the falls in key Asian markets on worries about the outlook for tech giants.

FBM KLCI was down 28.76 points or 1.92% to 1,466.44. Turnover was 4.05 billion shares valued at RM2.37bil. There were 147 gainers, 1,056 losers and 248 stocks unchanged.

Key Asian markets fell with South Korea's Kospi down 2.56%, Japan's Nikkei 225 1.52% and the Topix 1.96% while the Shanghai Composite lost 1.49% and Singapore's STI 0.93%.

Top Glove lost 21 sen to RM8.57 and erased 2.59 points while Hartalega lost six cents to RM17.96 and shed 0.31 of a point.

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Can gloves break new high again after TOPGLOV boss interview?

 

Sector to focus: CONSTRUCTION , HEALTHCARE, PLANTATION 

1. JTIASA (4383) 

2. THPLANT (5112) 

3. GOODWAY (7192) 

4. KOMARK (7017)

🤔  Are we getting another big selldown soon?

 Market now rebound?

 Can gloves break new high again after TOPGLOV boss interview? 🤔

🎉 Join our group to see how we catch TOPGLOV, HLT before they exploded! 👀

Millions of Chinese investors rushed into July's stock market rally

 China reported the largest number of new stock investors in five years in July, as millions of individuals rushed into a buoyant share market, boosting trading turnover and brokerage earnings.

It represents a 60 per cent jump from a month earlier and a year-on-year increase of 124 per cent, according to the China Securities Depository and Clearing Corp (CSDC).

Investors sought high returns in a stock market that jumped over 10 per cent in July, helping boost turnover. Stamp duty income from securities trading rose 35.3 per cent year-on-year during the first seven months, compared with a 8.7 per cent fall in fiscal revenues as coronavirus hit the economy, official data shows.

[LATEST] KLSE Stock Best Dividend

 

 Due to the recent escalation of Covid-19 cases in Malaysia, the stock have been reacting negatively.

As smart investors, we should stay calm, assess the situation and make a decision that will benefit us in the long term. Never buy or sell with your emotions. Most stocks are under pressure selling right now, we need to be careful not to follow the crowd.

What we need to do is to select the best companies (stocks) and buy in stages.

We have compiled all the KLSE blue chips stocks, looking  at the dividend yield and some fundamental and technical evaluations.

So investors need to add some other investment that can possibly give higher dividend.

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To get your portfolio analysed click here.

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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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

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How FELIX Financial Adviser Can Help You.....

Like many people, you might also have expectations and dreams and life objectives for yourself and your family. These might incorporate purchasing a home or business … putting something aside for  college education for your children … taking a fantasy excursion … lessening taxes … retiring comfortably. 

Managing your personal finances is ultimately your responsibility. However, you don’t have to do it alone. A qualified financial adviser, like us, can help you make decisions that make the most of your financial resources.

Financial advisory can help you - 

• Set realistic financial goals
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How do you know if you could benefit from the services of a qualified financial adviser?

 You may not have the expertise, the time or the desire to actively plan and manage your complete portfolio. You may want help getting started. You may benefit from an objective, third-party perspective on what are often emotional, difficult decisions. And in today’s hectic world, it can be beneficial just to have a financial expert looking over your shoulder to double-check your efforts and make sure you stay focused and follow through with your trades.

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The personal financial planning process is consisting of six steps:

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Step 2: Gathering client data and determining goals and expectations.

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Step 4: Developing and presenting the financial Portfolio plan.

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Step 6: Monitoring the portfolio and the market to achieve Profits.

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Improve Your Trading with Bollinger Bands

Technical traders make trading decisions based on their price charts. Each technical trader is a bit different, but the strategies they use can be grouped into a few broad categories.

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.

Bollinger Bands are a technical indicator developed by John Bollinger. The indicator forms a channel around the price movements of an asset. The channels are based on standard deviations and a moving average. Bollinger bands can help you establish a trend's direction, spot potential reversals and monitor volatility. All of this can help you make better trading decisions.

Day Trading Uptrends with Bollinger Bands:

Bollinger bands help assess how strongly an asset is rising (uptrend), and when the asset is potentially losing strength or reversing. 

Here are three guidelines for using Bollinger Bands in an uptrend.

• When the price is in a strong uptrend it will typically touch or run along the upper band during impulse waves higher. When it fails to do that it shows the uptrend may be losing momentum.
• Even during an uptrend prices drop for periods of time, known as pullbacks. During an uptrend, if the price is moving strongly then pullback lows will typically occur near or above the moving average (middle) line. The pullback doesn't have to stall out near the middle line, but it does show strength if it does.
• When the price is in a strong uptrend it shouldn't touch the lower band. If it does that's a warning sign of a reversal.

Day Trading Downtrends with Bollinger Bands:

Bollinger bands help assess how strongly an asset is falling (downtrend), and when the asset is potentially strengthening (to the upside) or reversing.

These three guidelines, similar to uptrend guidelines, can help use Bollinger Bands in a downtrend.

• When the price is in a strong downtrend it will typically touch or run along the lower band during impulse waves lower. When it fails to do that it shows the downtrend may be losing momentum.
• Even during a downtrend, prices may rally for periods of time, called pullbacks. During a downtrend, if the price is moving strongly lower then pullback highs will typically occur near or below the moving average (middle) line. The pullback doesn't have to stall out near the middle line, but it does show selling strength if it does.
• When the price is in a strong downtrend it shouldn't touch the upper band. If it does that's a warning sign of a reversal.

Bollinger Bands can be combined with a trading strategy, though, such as the day trading stocks in two hours method.

The guidelines above are not a trading strategy on their own. A trading strategy requires entry points, exit points, and risk management, which we Provide to our clients. Know More.

Boost Your Trading / Investing Portfolio

As an investors we are all looking for ways to earn higher returns, but with lack of market knowledge, time and improper strategies we find it difficult to do so. In this webinar we would be discussing on how we can manage our portfolio in such a way that we could get consistent returns along with avoiding investment mistakes.
Our market expert will take you through the Webinar and as we all know managing a portfolio has become complicated over the period of time , we would explain some simple strategies and tools that have proved to be very effective in improving investment returns. Implementation of such strategies could add an expected return premium of upto 3-5% per year on overall investment.

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Stock market likely up big today. Enjoy!

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%)

• 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

FBM KLCI down 7.5pts as index seen overbought

FBM KLCI down 7.5pts as Index Seen Overbought

The FBM KLCI fell 7.5 points or 0.47% at Bursa Malaysia's afternoon close today amid US-China trade deal uncertainties and after analysts said the benchmark index was in overbought zone.

"After racking some 3% gains over the past couple of weeks with the key index already at the overbought zone, a retreat is in store. The fresh uncertainties over the Sino-US trade deal may also serve as an excuse for profit taking activities to take precedence," Malacca Securities Sdn Bhd said in a note today.

At 12:30pm, the KLCI settled down at 1,590.48 on profit taking after closing up 17.98 points or 1.14% at 1,597.98 yesterday.

What Are Trading Structured Warrants

Trading Structured Warrants "A Structured Warrant (SW) is a security that gives the holder the right but not the obligation to buy or sell a specific underlying asset at an agreed price (strike price) on the expiry date." Learn to Trade Structured Warrants

KLCI likely to rise further

Bursa market outlook:

The FBMKLCI staged a post-Budget rally yesterday as the Malaysia post-Budget 2020 Forum may have given market sentiment a boost, in our opinion. The overall performance across the board was also positive thanks to the optimism on the partial US-China trade deal. Barring any negative events coming from the external front, the index should continue to rise further today.

Resistance: 1,580 & 1,600. Support: 1,540 & 1,500.

Gainers: 487
Losers: 367
Unchanged: 407

DOW: 26,787.36 (-0.11%)
FTSE100: 7,213.45 (-0.46%)
DAX: 12,486.56 (-0.20%)
HSI: 26,521.85 (+0.81%)
STI: 3,124.45 (+0.34%)
KLCI: 1,567.59 (+0.69%)

Highlights of Budget 2020

Features of Budget 2020:

1) Govt has repaid GST refunds amounting to RM15.9b to more than 78,000 companies, and income tax refunds of RM13.6b to 448,000 companies and 184,000 taxpayers

2) Govt to extend Youth Housing Scheme administered by Bank Simpanan Nasional from Jan 1, 2020 until Dec 31, 2021. The scheme also offers a 10% loan guarantee via Cagamas to enable borrowers to get full financing and RM200 monthly instalment assistance for the first two years, limited to 10,000 home units.

3) Govt allocates RM1 billion in investment incentives to attract Fortune 500 companies and global unicorns

4) Budget 2020 has four thrusts including boosting economic growth in new economy and digital era, investing in people.

5) Protracted trade war offers Malaysia unique opportunity to become choice destination for FDI with high added value

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Indulge in Disciplined Trading

Diversifying Your Portfolio When the market is booming, it seems almost impossible to sell a stock for any amount less than the price at which you bought it. But because we can never be sure of what the market will do at any moment, we cannot forget the importance of a well-diversified portfolio in any market condition Tips to help diversification: 1.Spread the Wealth 2. Know When to Get Out 3. Keep Building Your Portfolio 4.Consider Index or Bond Funds 5. Keep a Watchful Eye on Commissions

Hang Seng Almost Flat as Property Firms Trade Higher

The global economy is expected to be in focus in Asia on Wednesday following weak US manufacturing data overnight. The data comes on the heels of disappointing figures from Europe earlier this week.

The US will remain in focus this week, with attention now turning to the ADP employment report due on Wednesday and the monthly jobs report on Friday. Moreover, slowing growth globally, coupled with the US-China trade war, has sparked yet more speculation about US Federal Reserve interest rate cuts this year.

With the China markets resuming trading only on October 8, we will sharpen our focus on Hong Kong, which witnessed its worst day of violence on Tuesday amid anti-government protests that are in their fourth month now.

Watchlist for the Week 1st October 2019 - 4th October 2019

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or Register Here for Assistance

Disclaimer - The above information is our analysis and not the recommendation to trade or make entry. Please consult us before taking any actions.

Know Where to Place your STOP LOSS

No one wants to lose money when they're playing the market. That's why it's important to set a floor for your position in a security. That's where stop-loss orders come in.

Where to Place your STOP LOSS

Where to Place a Stop Loss Order When Buying One of the simplest methods for where to place a stop loss order when buying is to put it below a "swing low." A swing low occurs when the price falls and then bounces. It shows the price found support at that level. Where to Place a Stop Loss Order When Short Selling One of the simplest methods for where to place a stop order when short selling is to put it above a "swing high." A swing high occurs when the price rises and then falls. It shows the price found resistance at that level.

Where to Place your STOP LOSS Visit Our Website - www.felixresearch.co