KLSE Stocks Recommendations : Epic Research Malaysia

Malaysia Stock Market:

• The FBM KLCI index lost 0.35 points or 0.02% on Wednesday. The Finance Index increased 0.26% to 14550.55 points, the Properties Index up 0.65% to 1206.69 points and the Plantation Index down 0.84% to 7845.25 points. The market traded within a range of 11.52 points between an intra-day high of 1691.61 and a low of 1680.09 during the session.

• Actively traded stocks include SANICHI, SANICHI-WD, M3TECH-WA, IRIS, CENTURY, FGV-C16, NWP, KRONO, VIVOCOM and FGV. Trading volume decreased to 1565.07 mil shares worth RM1578.42 mil as compared to Tuesday’s 1733.30 mil shares worth RM1570.06 mil.

• Leading Movers were GENM (+8 sen to RM4.58), CIMB (+7 sen to RM4.90), SKPETRO (+1 sen to RM1.57), DIGI (+3 sen to RM5.08) and HLBANK (+6 sen to RM13.20). Lagging Movers were IOICORP (-6 sen to RM4.45), WPRTS (-5 sen to RM4.45), AMMB (-4 sen to RM4.36), TENAGA (-12 sen to RM14.56) and HLFG (-12 sen to RM15.88). Market breadth was positive with 411 gainers as compared to 354 losers.

• The KLCI inched down and closed lower at 1689.57 points despite overnight gains in US market.The performance of our local bourse was limited as profit taking kicked in.

STOCK RECOMMENDATION :

• BUY KRONO ABOVE 0.275 TGT 0.290 0.300 SL 0.260.

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