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Lunch Break Review – 2nd Nov 2018

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BURSA MALAYSIA (2nd Nov 2018)

MID-DAY LUNCH BREAK REVIEW

 

FBMKLCI: 1706.93 (+0.01/0.00%)

Vol: 1.61bn; Val: RM860.68mn

Gainers: 510, Losers: 228, Unchanged: 299

 

Major KLCI Gainers: GENTING (+1.08%), SIME (+0.88%), DIGI (+0.47%)

Major KLCI Losers: IHH (-1.20%), AXIATA (-1.16%), MISC (-0.45%)

 

TOP SECTOR: CONSTRUCTION +1.20% led by gains in IKHMAS (+9.68%), GKENT (+6.31%), MITRA (+6.06%)

 

BRIEF MARKET REVIEW:

The FBM KLCI pared some of its gains at mid-morning today, and stayed above the 1,700-point level ahead of the tabling of Budget 2019. Meanwhile, stocks in Asia were mainly higher on Friday afternoon on the back of Wall Street gains and comments from U.S. President Donald Trump indicating potential progress in his trade negotiations with China.

 

STOCKS ON THE MOVE:

PRESTARIANG (RM0.72, +21.01%)

The stock rose on high volume with around 75.0m shares transacted mid-day compared to its 5-day average traded volume daily of 48.0m. The stock is tracked by analysts with a consensus fair value of RM1.59. Please refer to the mPower Algorithm report for more details.

AIRASIA X (RM0.26, +13.04%)

The stock rose on high volume with around 69.0m shares transacted mid-day compared to its 5-day average traded volume daily of 7.5m after it appointed Thai national Nadda Buranasiri, 56, as group CEO of the carrier. The stock is tracked by analysts with a consensus fair value of RM0.38. Please refer to the mPower Algorithm report today for more details.

 

REGIONAL MAJOR MARKETS:

NIKKEI                 21,815   (+0.59%)
SHANGHAI          2,638     (+1.21%)
HANG SENG       26026    (+2.40%)
ASX                       5,815     (-0.45%)

MAJOR COMMODITY:

WTI: 63.42 (-0.42%)
CPO FUTURES:  1942.00
GOLD: 1233.50 (-0.41%)

MAJOR CURRENCY
USD/MYR: 4.1728 (-0.12%)
USD INDEX:  96.34 (+0.07%)

 

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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