MARKET UPDATES :
MALAYSIAN shares closed higher on Friday with the Kuala Lumpur Composite Index gaining 20.54 points to 1,788.31. Some 2.29 billion lots, valued at RM2.47 billion were traded. Gainers outnumbered losers 884 to 128.
Massive buying in heavyweights led by SapuraKencana Petroleum and CIMB drove the benchmark index up to end the week on a high note, after falling in the last five trading days. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished at 1,788.31, up 20.54 points after hovering between 1,766.22 and 1,795.29. SapuraKencana and CIMB accounted for 6.34 points on the key index gain, adding 31 sen and 21 sen to RM3.47 and RM6.40, respectively. A dealer said that investors might have taken advantage of the lower price to start returning to the market.
STOCK RECOMMENDATION :
BUY SAPURA KANCANA ABOVE 3.500 TG 3.550, 3.610, 3.680 SL 3.43
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
MALAYSIAN shares closed higher on Friday with the Kuala Lumpur Composite Index gaining 20.54 points to 1,788.31. Some 2.29 billion lots, valued at RM2.47 billion were traded. Gainers outnumbered losers 884 to 128.
Massive buying in heavyweights led by SapuraKencana Petroleum and CIMB drove the benchmark index up to end the week on a high note, after falling in the last five trading days. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished at 1,788.31, up 20.54 points after hovering between 1,766.22 and 1,795.29. SapuraKencana and CIMB accounted for 6.34 points on the key index gain, adding 31 sen and 21 sen to RM3.47 and RM6.40, respectively. A dealer said that investors might have taken advantage of the lower price to start returning to the market.
STOCK RECOMMENDATION :
BUY SAPURA KANCANA ABOVE 3.500 TG 3.550, 3.610, 3.680 SL 3.43
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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