daily klse malaysia report by epic research malaysia 29th september 2014
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Epic Research provides daily market report in KLSE , Forex and Comex and gives update to help you make informed decision. It also gives advise about financial investment to achieve profitable returns by going long and short in market.TRANSCRIPT
LY REPORTth JULY
Y O U R M I N T V I S O R Y
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Research Report 29th sep. 2014
7 th july 2014
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LY REPORTth JULY
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Research Report 29th sep. 2014
7 th july 2014
TOP GAINERS & LOSERS
TOP GAINER % Change
BAT 0.57
TECNIC 7.43
UTDPLT 1.23
TAHPS 3.53
KNUSFOR 15
COASTAL 4.04
DLADY 0.39
PETGAS 0.79
ULICORP 10
KLK 0.74
TOP LOSER % Change
PMETAL -7.14%
PMETAL-WC -9.33%
HLFG -1.81%
HLIND -2.21%
NARRA -3.51%
KAWAN -6.02%
GBH -5.71%
AEONCR -0.78%
DKSH -1.80%
MESB -10.17%
HLFG -1.04%
Olam International L... -1.23%
ComfortDelGro Corp L... -1.21%
Singapore Press Hold... -0.94%
CapitaMall Trust -0.75%
Noble Group Ltd -0.69%
FTSE Bursa Malaysia KLCI
DIN KLKMYE
GLTKM
TSTORE
VS BATKAWAN
MUDA
GBH
% Change 0.71 2.27 11.6 5.15 8.45 8.86 0.29 8.26 8.84 7.93
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%TOP GAINERS
PMETAL
PMETAL-WC
HLFGHLIN
DNARRA
KAWAN
GBHAEONCR
DKSHMES
B
%Change -7.1 -9.3 -1.8 -2.2 -3.5 -6.0 -5.7 -0.7 -1.8 -10.
-12.00%
-10.00%
-8.00%
-6.00%
-4.00%
-2.00%
0.00%
TOP LOOSERS
Snapshot For Bursa Malaysia KLCI (KLSE)
Open 1,840.01
Previous Close 1,843.11
Day Range 1,829.24-1,840.50
Year-to- Date +1.02%
1-Year +7.04%
52-Week Range 1,759.66-1,896.23
LY REPORTth JULY
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Research Report 29th sep. 2014
7 th july 2014
MARKET UPDATES & STOCK RECOMMENDATION
Bursa Malaysia, which remained in the red today, ended the week on a bearish note as negative regional sentiment
continued to weigh on the market. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 2.61 points to
close at its intra-day high of 1,840.5, after hitting an intra-day low of 1,829.24 points earlier in the day. Market
breadth was negative with losers edging gainers by 475 to 322 while 327 counters remained unchanged, 507
untraded and 38 others suspended. Total volume increased to 2.49 billion shares worth RM1.79 billion from 2.39
billion shares worth RM1.84 billion yesterday. Of the heavyweights,
Malaysian rubber prices ended firmer today on a technical correction following a weak downtrend, a dealer said.
The noon benchmark Malaysian Rubber Board official physical price for tyre-grade SMR 20 rose by 3.5 sen to
468.50 sen a kg while latex-in-bulk dippped four sen to 380 sen a kg The 5pm unofficial closing price for tyre-grade
SMR 20 gained 6.5 sen to 471.50 sen a kg while latex-in-bulk added half-a-sen to 380.50 sen a kg.
The ringgit closed lower against the US dollar today in tandem with other emerging Asian currencies A dealer said
most Asian currencies registered a loss as the greenback hit a four-year high against major currencies on
expectations that the Federal Reserve might increase the interest rate soon. The ringgit fell against the yen to
2.9884/9917 from Thursday's 2.9773/9800, slipped against the euro to 4.1533/1584 from 4.1391/1423, and
lowered against the British pound to 5.3193/3246 from 5.3027/3076 yesterday.
Malaysia's exports can grow in terms of volume and value once the country implemented the Goods and Services
Tax (GST) by April next year, said Deputy Finance Minister Datuk Chua Tee Yong.He said the GST would bring
positive impact to the industries, especially exporters as well as companies that provided support services to them,
and thus increase the country's growth rate."Currently, there are weaknesses in the export system in Malaysia
compared to Asean countries which had implemented the GST because there are no taxes for exports.
The General Insurance Association of Malaysia (PIAM) expects the 2015 Budget to continue focusing on measures
to further liberalise and strengthen the nation’s insurance and takaful sector. he association advocates a further
increase in the tax relief on contributions to the Employees’ Provident Fund to commensurate with the current
salary ranges for the private sector In addition, PIAM also hopes for a separate tax relief to be allowed to small and
medium-sized businesses to encourage them to take up more liabilities insurance, which in the long run will help
them better manage their risks exposure. It also expects to see some reduction in personal income tax due to
the impending introduction of the Goods and Services Tax
AirAsia Bhd has incorporated a subsidiary in Labuan, Asia Aviation Capital Ltd (AAC), with initial issued and paid-up
share capital US$100 comprising 100 ordinary shares of US$1 each. In an announcement to Bursa Malaysia today,
AirAsia said ASC was established to provide aircraft leasing services for the grou AAC will own and manage the
portfolio of aircraft that is currently leased to AirAsia's affiliate companies outside of Malaysia including Thai AirAsia
Co Ltd and PT Indonesia AirAsia and future affiliates . Aircraft owned and operated in Malaysia would, however,
remain with the group, it said. - Bernama
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