Highlights

Posted by Trading Advisor on 2:49 PM with No comments
  • Share prices were traded marginally lower on lacklustre buying sentiment for blue chips and select heavyweights, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 0.16 of a point to 1,769.93 after opening 2.35 points lower at 1,767.74.
  • The ringgit opened higher against the US dollar today on short covering.
  • The FTSE Bursa Malaysia KLCI futures (FKLI) contract on Bursa Malaysia Derivatives opened lower Thursday with one contract month traded.
  • Gold futures contract on Bursa Malaysia Derivatives opened mostly lower Thursday with five contract months traded.
  • Malaysia’s growth, development and deficit ambitions remained on track is an indication of the government’s continued focus on fiscal consolidation.
  • Brahim’s Holdings Bhd is on hold call with an unchanged target price of RM1.43, following the company’s memorandum of understanding (MoU) with Servair Investissements Aeroportuaires (SIA), a subsidiary of Serveair which in turn is a subsidiary of Airfrance.
  • CIMB Group is downgraded with ‘sell’ call from ‘neutral’ and a target price (TP) of RM5.20, on the bank’s higher loan provisioning and softer revenue growth expectations ahead.