Monday, 29 August 2016

KLSE Stocks Recommendations : Epic Research Malaysia

klse

Malaysia Stock Market:

  • The FBM KLCI index gained 2.79 points or 0.17% on Friday. The Finance Index increased 0.21% to 14446.27 points, the Properties Index up 0.16% to 1193.02 points and the Plantation Index rose 0.14% to 7806.67 points. The market traded within a range of 9.51 points between an intra-day high of 1683.38 and a low of 1673.87 during the session.
  • Actively traded stocks include AAX, DNEX, SGB-PA, VIVOCOM, AAX-CX, CENSOF, AIRASIA, VIVOCOM-WB, REACH-WA and DNEX-WD. Trading volume decreased to 1492.04 mil shares worth RM1395.74 mil as compared to Thursday’s 1741.01 mil shares worth RM1890.32 mil.
  • Leading Movers were SKPETRO (+4 sen to RM1.64), GENM (+10 sen to RM4.40), MAYBANK (+10 sen to RM8.00), TENAGA (+16 sen to RM14.90) and BAT (+54 sen to RM50.38). Lagging Movers were GENTING (-18 sen to RM8.03), IHH (-13 sen to RM6.52), RHBBANK (-8 sen to RM4.90), PPB (-12 sen to RM16.02) and PETDAG (-0 sen to RM23.22). Market breadth was positive with 441 gainers as compared to 360 losers.
  • The KLCI notched up and closed higher at 1683.09 points despite overnight losses in Wall Street. The performance of our local bourse was lifted by buying interest in heavy weights counters like Sapurekencana, Genting Malaysian and Maybank.
STOCK RECOMMENDATION :
  • BUY APPASIA ABOVE 0.155 TGT 0.165 0.175 SL 0.145
 


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