[ad_1]
Stocks :
KUALA LUMPUR: The momentum of buying on Bursa Malaysia is expected to continue next week, in line with global equities on the lack of worries about the trade war between the United States and China.
The Managing Director of Capital Bhd and Chief Investment Officer Datuk Dr. Nazri Khan's Adam Khan said the positive sentiment would make investors appetite for risk.
On the local front, he said that reducing the country's outflows would also support the market.
"In the last three months, the outflows have been quite large, but the momentum has slowed down due to higher oil prices, which helped to push up oil and gas, and 39, other related stocks, "he told Bernama
. He said that the new government being more transparent and efficient, coupled with the stable financial and banking ecosystem following the central bank unchanged central rate, they were going
"I do not see why they (foreign investors should remain on the sidelines, "he adds.
For the week just ended, the local stock market tended to follow regional peers, From 1965 to Friday, the FTSE Bursa Malaysia KLCI benchmark index closed up 58, 07 points to 1721.93 against 1,663.89 the previous week.
The FBM Emas index jumped 347.22 points to 12,146 points The FBM 70 climbed 248.92 points to 14,783.6, the FBM Emas Shariah index of 275.46 points to 12,238, 76, and the FBM Ace advanced 117.16 points to 5,351.34
. The financial index soared 693.48 points to 17,034.38, while investors reacted positively to the decision of Bank Negara Malaysia to keep the OPR unchanged at 3.25. percent at its Wednesday meeting.
The weekly business figure has expanded to 12.04 billion units valued at 11.66 billion RM against 10.05 billion units of one million. worth RM 8.36 billion previously. The main market volume rose to 7.25 billion shares valued at 10.37 billion RM against 5.99 billion shares worth RM7.01 billion.
The warrants business figure jumped to 3.43 billion units.
ACE market volume however declined slightly to 1.35 billion shares, valued at RM 282.3 million, compared with 1.40 billion shares valued at 290 , RM 52 million.
Forex:
KUALA LUMPUR – The ringgit is expected to strengthen to a level of 4.0 next week on improving oil prices, said the CEO Hermana Capital Bhd and Chief Investment Officer, Datuk Dr. Nazri Khan Adam Khan
the rise was to continue, not only the ringgit but also other currencies would benefit from a boost, as oil was One of the country's main sources of revenue.
Hong Leong Investment Bank Bhd (HLIB) also expects a slight bullish bias against the "Technically, USD-MYR continues to show upward fatigue after failure to break the level 4.0515 this week. "
"As such, we According to HLIB, the US dollar could lose traction upward next week, as trade tensions appeared to soften, while a lack of major US data n & # 39; 39, would probably not attract enough attention to stimulate buyer interest.
On a Friday-Friday basis, the local rating ended lower against the greenback at 4.0500 / 0530 vs. 4.0380 / 0420.
It's appreciated against the Singapore dollar at 2.9620 / 9651 against 2.9672 / 9712 last Friday and increased against the yen at 3.6006 / 6043 vs. 3.6497 / 6536.
] L & 39 ringgit impact carried against the pound at 5.3189 / 3236 from 5.3419 / 3476 and advanced against the euro at 4.7122 / 7161 from 4.7277 / 7340 –
Palm oil:
KUALA LUMPUR Crude palm oil (CPO) The futures contract on Bursa Malaysia Derivatives should trade in yo-yo after inventory data revealed that CPO action rose 4.38 percent to 1.22 million tons.
Jim Teh, Interband Group of Companies, said: The trade war between the United States and China could support the CPO as China seeks an alternative to soybean oil. "Should we expect an increase in exports to China for this reason … and the slight weakening of the ringgit could boost exports" This will help reduce the level of stocks, "he said. said, adding that the price of the CPO should exchange between RM 2100 and 2200 per ton next week.
Palm oil is the substitute for the edible oil closest to the # 39; ybean oil.
The market was traded mixed for the week just ended. From Friday to Friday, July 2018 fell RM115 to RM 2140 per ton, August 2018 decreased from RM 140 to 2.124 RMB per tonne, September 2018 decreased RM119 to RM 2.147 and October 2018 slipped RM111 to RM 2.159.
The weekly business figure increased to 244,123 lots from 166,306 lots last Friday, while the interest rate was greater than 306,036 contracts versus 284,975 contracts
On the physical market, July South stood at RMB 2.180 per ton. Rubber:
KUALA LUMPUR The Malaysian rubber market is expected to rebound next week as inventory data reveals that rubber production is down a year on the upside. 39 while the demand increases. Malaysia's natural rubber production decreased by 18.6 percent compared to the previous year
. However, Malaysia's NR production increased by 0.2 percent to 35,789 tonnes in May 2018 compared with 35,726 tonnes in April.
"The local rubber brand And would continue to follow the movement of rubber futures on the Tokyo Commodity Exchange benchmark index and crude oil performance next week," he said. ] From Friday to Friday, the Malaysian Rubber Board vendors' official physical price for the SMR 20 tire increased by four sen to 521.5 sen / kg, while latex-in-bulk lost 2.5 sen to 408, 5 sen / kg. [19659002] The closing price of the unofficial sellers for the SMR 20 tire slipped one sen at 523 sen per kg and bulk latex unchanged at 412 sen per kg.- Bernama
[ad_2]
Source link
