Possible Buying Interests on The Telcos and Selective Tech Stocks
Back home, trading on the local bourse had been lackluster but some late buying activities saw the FBM KLCI to close flat. Watch Telco stocks today.
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Key Highlights On Banks, Planters & Telcos Stocks
Market breadth was positive with 407 advancers against 387 decliners while 443 counters remain unchanged. Total volume stood at 2.50bn shares valued at RM1.90bn, adds Rakuten
The Future of The Cryptocurrency Market
Even before the FTX fallout, crypto market trends were downwards, with bitcoin at times falling by over 70% since December 2021 but in 2022, it is going up
Positivity on Tourism Stocks Today
FBM KLCI closed in positive territory in tandem with strong regional performance as bargain hunting activities emerged after 2 days of selling but watch tourism stocks
Buying Interest - Construction and O&G Stocks
For today, we expect accumulation on stocks to persist as we enter into 2023 with a fresh portfolio thus anticipate the index to trend between the 1,490-1,500 range.
Expect Bursa To Be Higher in 2023
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng expects global funds will return to the Asia Pacific region in 2023 and expects Malaysia to benefit from the spillover effect.
Key Highlight on Tourism Stocks
As China is preparing for more easing next month, we reckon tourism related stocks to benefit as we prepare for an influx of Chinese tourists