TSLA
Tesla
-- 403.840 NVDA
NVIDIA
-- 134.290 MSTR
MicroStrategy
-- 289.620 PLTR
Palantir
-- 75.630 AMD
Advanced Micro Devices
-- 120.790 Malaysia market commentary (30 Dec 2024)
Global markets
US indices closed sharply lower, DJ (-0.77%), S&P500 (-1.11%) and Nasdaq (-1.49%).
The higher the VIX, the worse the risk settlement. Powell hawkish language 10 days ago pushed VIX to almost 30% and then VIX subsided to sub-15 level whereby market only price in 1.5 times rate cut of 25 bps in year 2025. Last Friday, VIX rebounded to 18 level due to risk off mode before retreating to 15.92%.
Bloomberg source: VIX graph
Malaysia markets
Local Macro
There was little volatility in local currency and bond markets whereby USDMYR closed almost unchanged at 4.4680 while MGS 10-y yield settled at 3.86%.
KLCI Performance
KLCI enjoyed the best day in December, spiked up to close at 1,628 (+14.44).
Malaysia equity flow (MYR million)
Foreigners continued selling local equities, last Friday outflow was MYR -36 million.
Sectoral performance (%)
Overall, most sectors did well last Friday, only 2 sectors suffered small loss. Healthcare became the champ again, thanks to the gain of SUPERMX (+4.07%) and TOPGLOV (+3.79%).
Stocks on focus:
Last Friday, $UEMS (5148.MY)$ broke 1.00 level and closed at 1.02 (+0.040) with 21 million shares changed hand. UEMS is a real estate and development company. It develops a range of projects including industrial, commercial, residential, government offices and others. Its P/E is at 68 while dividend yield is approximately 0.74%.
Bloomberg source: UEMS graph and volume
Bloomberg source: UEMS target price by analysts
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