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$Tesla (TSLA.US)$ the market is going against the whale at 210. the market has more money than the whales
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The market lacks catalysts and the composite index fell 2.56 points.
Although the dust has settled on the state elections in six states, some large-cap stocks continue to be sold, and the performance of the Malaysian composite index remains weak, consistent with the weak performance of regional exchanges.
As of 12:30 p.m., the composite index closed at 1454.60 points, down 2.56 points or 0.18%.
The half-day trading volume was 2.03 billion shares, with a turnover of 0.906 billion ringgit.
There were 455 advancing stocks, 372 declining stocks, 369 unchanged stocks, and 1133 stocks with no trades.
The exchange rate of the ringgit at 12:30 p.m. was 4.6140 to 1 US dollar.
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$
source: Nanyang Siang Pau, Klse Pulse
Market focus
Is the result of the state election a blessing or a curse? Sin stocks rose first and then fell.
Is it maintaining the status quo with a 3-3 tie to calm the market, or is the expansion of the Green Wave causing more insecurity for investors? Investors this morning were caught in a tug-of-war on sin stocks, which were heavily influenced by the Green Wave, and there was intense volatility in gaming and beer stocks.
On the first trading day after the state election, investors initially poured into the sin stock sector with optimism. Genting and the two 'big lottery' stocks continued to maintain the momentum they had already 'raced' prior to last week's elections, opening high and then turning lower.
Although the dust has settled on the state elections in six states, some large-cap stocks continue to be sold, and the performance of the Malaysian composite index remains weak, consistent with the weak performance of regional exchanges.
As of 12:30 p.m., the composite index closed at 1454.60 points, down 2.56 points or 0.18%.
The half-day trading volume was 2.03 billion shares, with a turnover of 0.906 billion ringgit.
There were 455 advancing stocks, 372 declining stocks, 369 unchanged stocks, and 1133 stocks with no trades.
The exchange rate of the ringgit at 12:30 p.m. was 4.6140 to 1 US dollar.
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$
source: Nanyang Siang Pau, Klse Pulse
Market focus
Is the result of the state election a blessing or a curse? Sin stocks rose first and then fell.
Is it maintaining the status quo with a 3-3 tie to calm the market, or is the expansion of the Green Wave causing more insecurity for investors? Investors this morning were caught in a tug-of-war on sin stocks, which were heavily influenced by the Green Wave, and there was intense volatility in gaming and beer stocks.
On the first trading day after the state election, investors initially poured into the sin stock sector with optimism. Genting and the two 'big lottery' stocks continued to maintain the momentum they had already 'raced' prior to last week's elections, opening high and then turning lower.
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Feature 1: Level 2 Market Data
Steps: Any stock you interested at > Chart > Scroll down to look for Real-time Level 2 Market Data
Feature 2: Fully visualized financials
Steps: Any stock you interested at > Company > all financial datas
Feature 3: Heat Map
Steps: Markets > Explore > Heat Map
Feature 4: Industrial Chain
Steps: Markets > Explore > Industrial Chain > Select any topic you like and explore
The Fully Visualised Financial data in moomoo is my favourit...
Steps: Any stock you interested at > Chart > Scroll down to look for Real-time Level 2 Market Data
Feature 2: Fully visualized financials
Steps: Any stock you interested at > Company > all financial datas
Feature 3: Heat Map
Steps: Markets > Explore > Heat Map
Feature 4: Industrial Chain
Steps: Markets > Explore > Industrial Chain > Select any topic you like and explore
The Fully Visualised Financial data in moomoo is my favourit...
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The chart above shows the GDP trends of Malaysia over the past 30 years. The three previous negative growths were due to the Asian financial crisis, the US subprime mortgage crisis, and the 2020 COVID-19 lockdown.
The growth in 2022 is due to the low base in 2021. The IMF predicts that China's GDP in 2023 will be between 4.3 - 4.5%. Malaysia's GDP growth in the first quarter was 5.6%, with slower consumption growth and declining exports in Q2. The market expects GDP growth to be weaker than Q1.
This Friday, the GDP for Q2 will be released. Feel free to leave a comment and guess how much the GDP for Q2 will be in percentage. The author's prediction is 3.6%. Leave a comment with your own prediction, and let's see whose guess is closest on Friday. 😎
The growth in 2022 is due to the low base in 2021. The IMF predicts that China's GDP in 2023 will be between 4.3 - 4.5%. Malaysia's GDP growth in the first quarter was 5.6%, with slower consumption growth and declining exports in Q2. The market expects GDP growth to be weaker than Q1.
This Friday, the GDP for Q2 will be released. Feel free to leave a comment and guess how much the GDP for Q2 will be in percentage. The author's prediction is 3.6%. Leave a comment with your own prediction, and let's see whose guess is closest on Friday. 😎
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Avin chew : hi