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Good morning mooers! Here are things you need to know about today's market:
●U.S. stocks slump after Fed holds rates steady but warns of higher for longer
●Glove makers poised for improved margins in 2024
●Minox aims to raise RM22.5mil from ACE Market IPO
●Stocks to watch: KLK, Scientex, Capital A
-moomoo News MY
Wall Street Summary
The central bank unveiled its long-telegraphed rate-hike pause but warned of possible increases to ...
●U.S. stocks slump after Fed holds rates steady but warns of higher for longer
●Glove makers poised for improved margins in 2024
●Minox aims to raise RM22.5mil from ACE Market IPO
●Stocks to watch: KLK, Scientex, Capital A
-moomoo News MY
Wall Street Summary
The central bank unveiled its long-telegraphed rate-hike pause but warned of possible increases to ...
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The market lacks catalysts, the composite index is closed down 2.56 points.
Although the dust has settled in the elections in the six states, some large-cap stocks are still being sold off. The performance of the Malaysian composite index is weak, consistent with the weak performance of regional exchanges.
As of midday 12:30, the composite index closed at 1454.60 points, down 2.56 points or 0.18%.
The volume of trading in half a day is 2.03 billion shares, with a turnover of 0.906 billion ringgit.
There are 455 stocks that have risen, 372 stocks that have fallen, 369 stocks that have remained unchanged, and 1133 stocks that have not traded.
The exchange rate of the ringgit at 12:30 noon is reported as 4.6140 against 1 US dollar.
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$
Source: Nanyang Siang Pau, Klse Pulse
Market focus
The outcome of the state election is a mixed blessing? Sin stocks rose first and then fell
Is it better to maintain the status quo with a 3-3 tie to stabilize the market, or is the expansion of the 'Green Tide' causing more anxiety for investors? This morning, investors were caught in a tug of war on sin stocks most affected by the 'Green Tide', with significant fluctuations in casino 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 in the elections in the six states, some large-cap stocks are still being sold off. The performance of the Malaysian composite index is weak, consistent with the weak performance of regional exchanges.
As of midday 12:30, the composite index closed at 1454.60 points, down 2.56 points or 0.18%.
The volume of trading in half a day is 2.03 billion shares, with a turnover of 0.906 billion ringgit.
There are 455 stocks that have risen, 372 stocks that have fallen, 369 stocks that have remained unchanged, and 1133 stocks that have not traded.
The exchange rate of the ringgit at 12:30 noon is reported as 4.6140 against 1 US dollar.
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$
Source: Nanyang Siang Pau, Klse Pulse
Market focus
The outcome of the state election is a mixed blessing? Sin stocks rose first and then fell
Is it better to maintain the status quo with a 3-3 tie to stabilize the market, or is the expansion of the 'Green Tide' causing more anxiety for investors? This morning, investors were caught in a tug of war on sin stocks most affected by the 'Green Tide', with significant fluctuations in casino 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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Google Nears Release of AI Software Gemini
$Alphabet-A (GOOGL.US)$'s Google has reportedly given a limited number of companies early access to Gemini, its conversational AI software. The software is intended to compete with OpenAI's GPT-4 model and Google has increased its investment in generative AI this year to catch up after OpenAI's ChatGPT launch last year.
At the Google I/O developer conference in May 2023, CEO Sundar P...
$Alphabet-A (GOOGL.US)$'s Google has reportedly given a limited number of companies early access to Gemini, its conversational AI software. The software is intended to compete with OpenAI's GPT-4 model and Google has increased its investment in generative AI this year to catch up after OpenAI's ChatGPT launch last year.
At the Google I/O developer conference in May 2023, CEO Sundar P...
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Pre-Market Stock Movers
Gapping up
$Micron Technology (MU.US)$ stock rose 1.9% after Deutsche Bank upgraded its rating on the tech company stock to ‘buy’ from ‘hold’, expecting it to benefit from renewed strength in a key line of random access memory chips.
$CCC Intelligent Solutions Holdings (CCCS.US)$ stock rose 5% after Reuters reported that private equity firm Advent International is considering a sale of the auto so...
Gapping up
$Micron Technology (MU.US)$ stock rose 1.9% after Deutsche Bank upgraded its rating on the tech company stock to ‘buy’ from ‘hold’, expecting it to benefit from renewed strength in a key line of random access memory chips.
$CCC Intelligent Solutions Holdings (CCCS.US)$ stock rose 5% after Reuters reported that private equity firm Advent International is considering a sale of the auto so...
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G'day, mooers! Check out the latest news on today's stock market!
• Wall St extends gains
• Eurozone hiked interest rates by 75 bps to 1.25%
• Australian shares open higher on Friday, ASX 200 up 0.22 per cent
- moomoo News AU
Wall Street Summary
Wall Street's main indices overcame a mid-session wobble as Fed Chair Jerome Powell reaffirmed the bank's commitment to fighting inflation. Gains in banking, mining and healthcare st...
• Wall St extends gains
• Eurozone hiked interest rates by 75 bps to 1.25%
• Australian shares open higher on Friday, ASX 200 up 0.22 per cent
- moomoo News AU
Wall Street Summary
Wall Street's main indices overcame a mid-session wobble as Fed Chair Jerome Powell reaffirmed the bank's commitment to fighting inflation. Gains in banking, mining and healthcare st...
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$AMC Entertainment (AMC.US)$
Ah, the stock that just keeps sliding—sounds like a playground slide from hell for investors. If this were a theme park, that slide would have a sign saying, "Buckle up, adults! The only way is down." Sure, slides are fun when you're a kid, but this perpetual plummet is like a cruel joke for grown-ups.
Each morning, we optimistically check the stock market, coffee in hand, thinking, "Today is the day it'll bounce back." But nope! This st...
Ah, the stock that just keeps sliding—sounds like a playground slide from hell for investors. If this were a theme park, that slide would have a sign saying, "Buckle up, adults! The only way is down." Sure, slides are fun when you're a kid, but this perpetual plummet is like a cruel joke for grown-ups.
Each morning, we optimistically check the stock market, coffee in hand, thinking, "Today is the day it'll bounce back." But nope! This st...
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Columns MY Morning Wrap | Malaysia to Allocate RM8.2 Billion to Fund National Industrial Master Plan
Good morning mooers! Here are things you need to know about today's market:
●The S&P 500 ended higher last Friday as jobs data fuels rate-hike optimism
●Malaysia to allocate RM8.2 billion to fund national industrial master plan
●NIMP 2030: Manufacturing's value-added to grow 6.5% to RM587.5bil - PM Anwar
●Budget 2024: Govt to focus on empowering middle class, SMEs
●NETR enhances sector appeal to investors...
●The S&P 500 ended higher last Friday as jobs data fuels rate-hike optimism
●Malaysia to allocate RM8.2 billion to fund national industrial master plan
●NIMP 2030: Manufacturing's value-added to grow 6.5% to RM587.5bil - PM Anwar
●Budget 2024: Govt to focus on empowering middle class, SMEs
●NETR enhances sector appeal to investors...
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$Rex Intl (5WH.SG)$ $RH PetroGas (T13.SG)$ $Dyna-Mac (NO4.SG)$ $Crude Oil Futures(NOV4) (CLmain.US)$
Crude prices rose for a 6th day in a row Thu, the latest advance coming after Russian Deputy Minister and de-facto oil minister Alexander Novak said Russia and OPEC+ will announce further "actions" next week.
While there were no specifics, few were in doubt on what the messaging was about: To tell traders - particularly the bears who had driven prices down the prior 2 weeks - that another round of produ...
Crude prices rose for a 6th day in a row Thu, the latest advance coming after Russian Deputy Minister and de-facto oil minister Alexander Novak said Russia and OPEC+ will announce further "actions" next week.
While there were no specifics, few were in doubt on what the messaging was about: To tell traders - particularly the bears who had driven prices down the prior 2 weeks - that another round of produ...
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Despite the Didi collaboration, this analyst keeps a sell rating. Recently Xpeng announced a disappointing Q2 2023 earnings. Read here for more details:
Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss
Quote:
Citi keeps a Sell rating on XPeng with a $15 price target after the company said it will issue A-class ordinary shares to acquire assets related to DiDi’s smart electric vehicle project. The f...
Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss
Quote:
Citi keeps a Sell rating on XPeng with a $15 price target after the company said it will issue A-class ordinary shares to acquire assets related to DiDi’s smart electric vehicle project. The f...
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Trend Tracking 36 Part Two Trend Tracking Interview Chapter 14 Let Philip Brewster
Trend Tracking 36 Part Two Trend Tracking Interview Chapter 14 Let Philip Brewster | #2023 #Trade Decision #Turtle Trading Rules #Trend Tracking Strategy #Trading Strategy #Trading System #Turtle Trading Rules #Algo Trading #Trend Tracking Strategy #Trading Books #Audiobook #Audiobook
Trend Tracking 36 Part Two Trend Tracking Interview Chapter 14 Let Philip Brewster | #2023 #Trade Decision #Turtle Trading Rules #Trend Tracking Strategy #Trading Strategy #Trading System #Turtle Trading Rules #Algo Trading #Trend Tracking Strategy #Trading Books #Audiobook #Audiobook
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