KLSE Stocks Recommendations : Epic Research Malaysia

Malaysia Stock Market:

• The FBM KLCI index lost 3.54 points or 0.21% on Tuesday. The Finance Index fell 0.21% to 14428.02 points, the Properties Index up 0.23% to 1200.71 points and the Plantation Index rose 0.64% to 7836.84 points.

• The market traded within a range of 12.27 points between an intra-day high of 1688.00 and a low of 1675.73 during the session.

• Actively traded stocks include M3TECH-WA, M3TECH, MYEG-CX, AAX, SKPETRO, DBE, FGV-C15,FGV, XDL and VIVOCOM. Trading volume increased to 1997.06 mil shares worth RM2263.66 mil as compared to Monday’s 1486.82 mil shares worth RM1432.32 mil.

• Leading Movers were ASTRO (+7 sen to RM2.95), WPRTS (+10 sen to RM4.45), RHBBANK (+7 sen to RM5.00), PETDAG (+24 sen to RM23.40) and PPB (+10 sen to RM16.08). Lagging Movers were SKPETRO (-6 sen to RM1.58), GENTING (-20 sen to RM7.80), YTL (-2 sen to RM1.68), BAT (-54 sento RM49.22) and MAYBANK (-8 sen to RM7.82). Market breadth was negative with 409 gainers as compared to 419 losers.

• The KLCI inched down 3.54 points to 1678.06 points despite overnight gains in US market. Market sentiment remained subdued as lack of fresh lead.

STOCK RECOMMENDATION :

• BUY FGV ABOVE 2.270 TGT 2.365 2.430 SL 2.160.

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