Wednesday, 7 September 2016

KLSE Stocks Recommendations : Epic Research Malaysia

klse

Malaysia Stock Market:

  • The FBM KLCI index gained 11.84 points or 0.71% on Tuesday. The Finance Index increased 0.53% to 14512.94 points, the Properties Index up 0.40% to 1198.87 points and the Plantation Index rose 0.86% to 7911.79 points. The market traded within a range of 16.82 points between an intr-day high of 1689.92 and a low of 1673.10 during the session.
  • Actively traded stocks include SANICHI, M3TECH-WA, IRIS, M3TECH, BORNOIL, AAX, REACH-WA,SANICHI-WD, MYCRON and YKGI-WB. Trading volume increased to 1733.30 mil shares worth RM1570.06 mil as compared to Monday’s 1555.51 mil shares worth RM1396.64 mil.
  • Leading Movers were BAT (+140 sen to RM51.12), GENTING (+18 sen to RM8.00), WPRTS (+9 sen to RM4.50), CIMB (+9 sen to RM4.83) and AMMB (+8 sen to RM4.40). Lagging Movers were MAYBANK (-2 sen to RM7.87), MAXIS (-1 sen to RM6.24), TENAGA (-0 sen to RM14.68), PETDAG (-2 sen to RM23.36) and HAPSENG (-1 sen to RM7.77). Market breadth was positive with 412 gainers as compared to 341 losers.
  • The KLCI closed higher with last minute spike before the closing bell at 1689.92 points amid overnight positive performance in Europe market. The performance of our local bourse was lifted by buying interest in heavy weight counters such as Getting, Westsports Holdings and CIMB.
STOCK RECOMMENDATION :
  • BUY AEMULUS ABOVE 0.285 TGT 0.300 0.310 SL 0.265.




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