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Lunch Break Review – 16th Nov 2018

 

BURSA MALAYSIA (FRI, 16 NOV 2018)

MID-DAY LUNCH BREAK REVIEW

 

 

 

 

BRIEF MARKET REVIEW:

The FBM KLCI added 0.68% at midday break today to remain firmly above the 1,700-point level, although it pared some gains, tracking regional markets.

Asia markets traded cautiously on Friday morning on the back of fresh uncertainties emerging from the U.K. overnight after multiple important ministers resigned from Prime Minister Theresa May’s government, including Brexit Secretary Dominic Raab, who said he couldn’t accept the deal after the promises the ruling Conservative Party made to the country in an election manifesto last year. The British pound plunged to $1.2833 from about $1.2994 at around 9:00 a.m. London time on Thursday, following news of Raab’s resignation. The pound traded at about $1.2783 Friday morning during Asian hours.

The mainland Chinese markets, which have been closely watched amid the ongoing trade spat between Washington and Beijing, had a muted performance in early trade. The Shanghai composite was down 0.32 percent and the Shenzhen composite fell 0.28 percent.

 

STOCKS IN THE LIMELIGHT:

 

UNISEM (RM3.20, +3.9%)

Shares in UNISEM rose as much as RM3.21 mid-day after all the pre-conditions for the proposed conditional voluntary takeover offer of Unisem had been met. Yesterday, Unisem said its board will soon appoint an independent adviser to advise the directors and shareholders on the fairness and reasonableness of the offer. Unisem said it received notice from Maybank Investment Bank Bhd on behalf of the offerors that the pre-conditions including relevant approvals from overseas regulatory authorities had been obtained. UNISEM traded at a high volume of near to 8.9m shares at mid-day.

 

TUNE PROTECT GROUP (RM0.65, -10.96%)

Shares in TUNEPRO fall as low as RM0.65 mid-day after its net profit fell 28.3% to RM9.13m in the third quarter ended Sept 30, 2018 (3QFY18) from RM12.73m a year ago, on lower net earned premiums of RM9.2m, increased management expenses of RM7.6m mainly due to higher employee, marketing and other administrative costs, and a decrease in net claims incurred of RM10.1m. TUNEPRO traded at a high volume of 8.6m shares at mid-day.

 

 

Prepared by:

Malacca Securities Quantitative Trading and Analytics Division

BO1-A-13A, Level 13A, Menara 2,

No.3, Jalan Bangsar, KL Eco City,

59200 Kuala Lumpur

TEL: 03-2201 2100 (General)

 

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Trading – Man vs. Machines: Part 2 of a Continuing Series on “How Algorithm Trading Can Supercharge Your Trading Profit”

Trading room – Friday 16 Nov 2018

 

Part 2 – Man vs. Machine: Kasparov vs. Deep Blue

In the first part of this series on how algorithm trading can supercharge your trading profit, we look at an introduction to the world of algorithm trading and how it is a force that has changed and continued to disrupt the global investment and trading world.

You can read Part 1 here on Introduction: When humans and machines collide.

Obviously, before we look further at the power of big data analytics and algorithm trading, we would like to look at how it all started with an astounding event in 1996/1997 that captivated the entire world attention.

Continue reading Trading – Man vs. Machines: Part 2 of a Continuing Series on “How Algorithm Trading Can Supercharge Your Trading Profit”

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Market – Commodities prices outlook adding to market worries or hope?

Trading room – Thur 15 Nov 2018

The world economy has lost some steam in recent months and is likely to slow much further in the next couple of years according to some recent analyst reports.

According to an analysis in Bloomberg, markets got high on synchronized growth but the buzz is fading and an urgent question taking place is whether the equity markets worldwide can get another fix fast.

Apparently, the omens aren’t great.

Continue reading Market – Commodities prices outlook adding to market worries or hope?

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Trading – Man vs. Machines: Part 1 of a Continuing Series “How Algorithm Trading can supercharge your Trading Profit”

Trading Room – Tue 13 Nov 2018

 

Part 1 – Introduction: When humans and machines collide

 

Algorithm trading has taken the world by storm and it is time traders and traditional fund managers start to take notice.  Disruptive technologies are reshaping traditional business models and in the field of investment, algorithm trading is a potent force that is changing the dynamics of the industry and how it operates.

Institutional Investor’s (an international finance publisher) 17th-annual Hedge Fund 100 ranking of the 100 largest hedge fund firms in the world as of year-end 2017 finds that the four biggest hedge fund firms — and five of the six biggest — on its ranking rely largely or fully on quantitative strategies using computers to make their investment decisions and have continued to attract assets.

Continue reading Trading – Man vs. Machines: Part 1 of a Continuing Series “How Algorithm Trading can supercharge your Trading Profit”

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Trading – The greatest skill of a master trader: The art of doing nothing?

Trading Room – Mon 12 Nov 2018

Can you be serious? How could doing nothing be the greatest skill of a master trader? How can a trader make any return let alone supernormal profit if he does nothing?

The distinction to understand between doing nothing at certain times and doing nothing all the time is the hallmark of an elite trader. Most common trader always hunger for some kind of actions, believing that the market somehow owes them a profit which had to be made daily if not weekly.

As such, these traders find that they have to enter a trade most of the time, even when the market is moving against their trading plan. They set a planned profit target every day or week/month which had to be met irrespective of the market condition or the stock position. Continue reading Trading – The greatest skill of a master trader: The art of doing nothing?

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HSI puts actively traded in volatile market

Warrants Commentary (5 Nov to 9 Nov)

The Hang Seng Index (HSI) began last week on a bearish note, making a sharp U-turn from the surge in the week prior as the index tumbled 2.1% to 25,934.4 points last Monday. However, the HSI rebounded the following day, closing 0.7% higher as investors kept an eye on the US midterm election. After the election, the HSI rallied for the next two days, surging 0.4% in total to finish above the 26,000 level, before plunging 2.4% to 25,601.9 points on Friday. Continue reading HSI puts actively traded in volatile market