The Malaysian market remained resilient on stronger Malaysian Ringgit as foreign institutions start buying after being net sellers for weeks. The benchmark FBM KLCI managed to climb and close above the previous support level at 1,860 points. The index rose 1.3 per cent in a week to 1,864.31 points last Friday. Trading volume was high last week with an average trading volume of 3.5 billion shares as compared to 3.2 billion shares two weeks ago. However, average trading value remained firm at RM2.4 billion. Once again, lower priced stocks are being traded and there are about 40 counters that broke the 52-week high on high volume (above 10 million shares traded last Friday). Among the top five (by volume) are PDZ, GLOTECH, EAH, FRONTKEN and SANICHI. Foreign institutions were the net buyers last Monday to Thursday. Net buying from foreign institutions was RM216.7 million and net selling from local institutions and local retail was RM163.7 and RM53 respectively. In the FBM KLCI, gainers thumped decliners 5 to 1. Top gainers in the index were led by PETGAS (7.4 per cent), PPB (4.1 per cent) and PETDAG (3.6 per cent) and decliners were led by KLK (1.7 per cent), SKPETRO (1.7 per cent) and PCHEM (1.2 per cent)
But I tell you. I love you Ayam TUA, because your HEXZA brings some money, followed by EAH, followed by HEXZA again. Sell EAH and Buy NTPM??? NTPM is sideway, because everyone goreng EAH & AHB, after HEXZA. Take EAH, AHB, HEXZA profit (45%, 50%, 20% respectively) to collect NTPM which has down 10% since Ayam Tua's first recommendation? or Short sell CSL?
Reading reports, data, etc strategizing for tomorrow. I also like NTPM. Each time to Penang I can see the company. Consummable stable stock. Got local and foreign market.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
smartinvestor5578
43 posts
Posted by smartinvestor5578 > 2014-08-16 20:43 | Report Abuse
U mean buy at this level?