BURSA MALAYSIA (MON, 26 NOV 2018)
MID-DAY LUNCH BREAK REVIEW
BRIEF MARKET REVIEW:
The FBM KLCI settled 0.32% lower at the midday break today as local investor sentiment remained wary despite the modest recovery at regional markets. The FBM KLCI fell 5.36 points to 1,690.52 at midday.
Losers led gainers by 435 to 249, while 297 counters traded unchanged. Volume was 955.6 million shares valued at RM537.65 million.
Meanwhile, Asia markets traded mixed on Monday afternoon as energy stocks declined after oil prices fell last week to their lowest levels in more than a year.
Oil prices plunged to their lowest levels in more than a year on Friday, deepening a rapid seven-week-sell-off that has plunged crude futures deep into a bear market amid growing worries of an oversupply.
STOCKS IN THE LIMELIGHT:
SIME DARBY (RM2.37, -4.05%)
Shares of SIME fell as low as RM2.37 as its net profit for the financial quarter ended Sept 30, slumped to RM115m from RM1.02b a year earlier on lower average crude palm oil (CPO) and palm kernel realised prices. Earnings per share dropped to 1.7 sen from 15 sen previously. The stock closed mid-day at RM2.37, down 4.05%, with 2.1m shares traded.
MALAYSIAN RESOURCES CORP (RM0.715, +2.14%)
Local media, Edge Markets, reported that MRCB has received the settlement sum of RM1.33b for the termination of the Eastern Dispersal Link (EDL) concession from the Government.
MRCB closed at RM0.715 at mid-day on a low volume traded of 2.2m shares.
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)
The Quantitative Trading and Analytics Division houses the elite data scientists, programmers and proprietary traders that work the proprietary algorithm trading desk of Malacca Securities. Join and network with us at our elite mPower Algorithm program, mPower Trading program and Elite Education courses.