KLCI likely to extend gains tomorrow in follow through trade and may retest record intraday high of 1391.41. Benchmark ended 1.69 points higher at 1387.96 in heavy volume; market breadth positive with gainers outpacing losers 484 to 387. We are a bit away from the psychological resistance of 1400. A strong performance on Wall Street tonight will be a good trigger if not die lor. Anticipate further gains in construction, property and oil & gas stocks. Notes rising trend in volume traded, suggesting buying momentum sustainable.
Most Asian stock markets advanced Thursday, snubbing a decline on Wall Street overnight, with shares in Japan and Taiwan hitting seven-year highs and Hong Kong and Singapore closing at new records. Tokyo's Nikkei 225 index advanced for a sixth day, adding 28.62 points, or 0.2%, on the Tokyo Stock Exchange to 18,240.30 points - the highest close since May 2, 2000. Steel makers and trading companies led the advance following the release of trade balance data, which showed that strong exports helped widen May's trade surplus. A recent depreciation in the yen, which inflates exporters' overseas earnings and make exports less expensive and more competitive, has helped buoy the market. The U.S. dollar, which rose to a four and a half year high of Y123.73 on Monday, rose to Y123.68 late Thursday, up from Y123.61 late Wednesday in New York. The euro dropped to US$1.3382.
Most Asian stock markets advanced Thursday, snubbing a decline on Wall Street overnight, with shares in Japan and Taiwan hitting seven-year highs and Hong Kong and Singapore closing at new records. Tokyo's Nikkei 225 index advanced for a sixth day, adding 28.62 points, or 0.2%, on the Tokyo Stock Exchange to 18,240.30 points - the highest close since May 2, 2000. Steel makers and trading companies led the advance following the release of trade balance data, which showed that strong exports helped widen May's trade surplus. A recent depreciation in the yen, which inflates exporters' overseas earnings and make exports less expensive and more competitive, has helped buoy the market. The U.S. dollar, which rose to a four and a half year high of Y123.73 on Monday, rose to Y123.68 late Thursday, up from Y123.61 late Wednesday in New York. The euro dropped to US$1.3382.
TOMYAM SHOPPING LIST
(Click on image to enlarge)
AYAMs TALK
- OSK Keeps Buy On Dialog; Target At MYR2.59
- Leader Up On Plant Expansion Plan; MYR1 Cap
- Faber; OSK Pegs Target At MYR2
- TA Keeps AMMB As Buy, Ups Target To MYR5.70
- S&P Keeps AKN Tech As Hold, 55 Sen Target
- Buy KEuro For MYR1.10 Medium Term Target - TA Sec
- S&P Cuts Coastal To Hold, Ups Target To MYR2.93
2 comments:
thank you for sharing so much info.i have been reading your blog for some time and made some profits using your shopping list. in your list there are two columns of data which i don't understand,namely pref & indicator . please explain these info . thanks leslie
Hello Leslie,
Actually the
PERF is my momentum indicator.
PERF>70 - overbought
PERF<20 - oversold
And the indicator column meaning the stocks have been screening & filtered by my homemade indicators LOL e.g Ayam 1, Ayam 6 etc.
Cheers bro,
TS
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