Titan Trading Notes For Wednesday [12/3/2025]:

KLCI retraced further down towards the 1520 points region with an overall bearish market sentiment as we still saw over 900 counters closing red along with for the day. Daily trading volume however was able to see a minor surge back towards the 3.7 billion mark, mainly still dominated by selling activities here.

Main stocks that showed strong buying momentum today would be the likes of NATGATE, NEXG, SCGBHD, YTL and DNEX. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) although retraced all the way back towards the RM 1.03+ major support levels earlier this morning, was able to rebound strong and closed back green around the RM 1.15 regions with good volume and buying momentum here.

Seems to have formed its major dip region here already and if able to sustain above its RM 1.10+ immediate support levels, could breakout from its RM 1.18 - RM 1.20 main downtrend resistance levels for a further rebound soon after being oversold for so long.

Will be monitoring NATGATE closely.

$SCGBHD / 0225 (SOUTHERN CABLE GROUP BERHAD) on the other hand since retracing all the way back towards the RM 0.94+ main support levels earlier this morning, was also able to rebound strong back towards the RM 1.05+ regions with good volume and buying momentum, especially towards closing.

May have formed its mid term dip region here already and if able to sustain above its RM 1+ major support levels on the daily chart, could continue to trend back up towards the RM 1.10 - RM 1.20+ regions soon in the coming weeks.

Will be monitoring SCGBHD closely.

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD) since breaking out towards the RM 8.40+ regions, been taking a huge hit over the past month here as it retraced all the way back towards the RM 7.26+ regions with huge selling pressure from foreign funds.

Over the past few weeks, foreign funds have been selling almost RM 1 billion worth of CIMB here with local institutions mopping up the shares. CIMB is one of those banks where foreign funds were dominated earlier. When huge outflows come out of nowhere in such a short period of time, it will lead to sharp drop in prices despite the company still doing well.

Will be monitoring CIMB closely as it approaches its RM 7.20 major support level in the coming few days. Can see that the national team has been busy supporting CIMB's share prices, we'll see how it goes.