UOBKH Retail Market Monitor 21 June 2018
FBMKLCI: 1,709.75 (-5.61)
Support: 1,700, 1,675
Resistance: 1,740, 1,800
Top Gainers:
MISC (+3.2%) $MISC / 3816 (MISC BERHAD)
AIRPORT (+2.2%), $AIRPORT / 5014 (MALAYSIA AIRPORTS HOLDINGS BERHAD)
PMETAL (+1.5%) $PMETAL / 8869 (PRESS METAL ALUMINIUM HOLDINGS BERHAD)
Top Losers:
KLK (-3.1%) $KLK / 2445 (KUALA LUMPUR KEPONG BERHAD)
PBBANK (-2.5%) $PBBANK / 1295 (PUBLIC BANK BERHAD)
RHBBANK (-2.0%) $RHBBANK / 1066 (RHB BANK BERHAD)
Bursa Trade Statistics:
Local Institutions (50.7%): RM341.5m
Local Retail (18.7%): RM42.5m
Foreign (30.6%): -RM384.0m
MSCI Asia : 169.80 (+0.62%)
S&P 500 : 2,767.32 (+0.17%)
DJIA : 24,657.80 (-0.17%)
NASDAQ : 7,781.52 (+0.72%)
USD/MYR : 4.0090 (+0.0065)
SGD/MYR : 2.9492 (+0.0008)
Crude Oil : $65.53 (-0.18)
Gold : $1,271.40 (-3.10)
US stocks were mixed after the close on Wednesday, as gains in the consumer services, oil & gas and technology sectors led shares higher while losses in the telecoms, basic materials and utilities sectors led shares lower. The DJIA declined 0.2%, the S&P 500 index climbed 0.2% and the NASDAQ Composite index climbed 0.7%. Rising stocks outnumbered declining ones on the NYSE by 1,888 to 1,164 with 124 ended unchanged. On the Nasdaq Stock Exchange, 1,630 rose and 923 declined, while 111 ended unchanged.
Stocks to watch:
1) PENTA (7160); Technical BUY on breakout (RM2.61) with +20.3% potential return
*Last: RM2.54 Target: RM2.99, RM3.14 Stop: RM2.39
*Timeframe: 2 weeks to 2 months
*Syariah: YES $PENTA / 7160 (PENTAMASTER CORPORATION BERHAD)
2) ECONBHD (5253); Technical BUY on breakout (RM0.775) with +40.6% potential return
*Last: RM0.715 Target: RM0.995, RM1.09 Stop: RM0.625
*Timeframe: 2 weeks to 2 months
*Syariah: YES $ECONBHD / 5253 (ECONPILE HOLDINGS BERHAD)
3) LIONIND (4235); Technical BUY on breakout (RM0.96) with +41.7% potential return
*Last: RM0.915 Target: RM1.18, RM1.36 Stop: RM0.755
*Timeframe: 2 weeks to 2 months
*Syariah: YES $LIONDIV / 2887 (LION DIVERSIFIED HOLDINGS BERHAD)
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