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At first half of july the market was quite green. I bought many shares.
$EMCC (0286.MY)$ very red, Its like a roller coaster. Down more than 11%.
$PA (7225.MY)$ a little less red than emcc, down more than 10%
$Vanguard S&P 500 ETF (VOO.US)$ still green, but from up 4% to almost 3%
my p/l have been up around RM140. Around mid july, it started falling. Right now, its in the red territory.
That's all for now. Thank You.
$EMCC (0286.MY)$ very red, Its like a roller coaster. Down more than 11%.
$PA (7225.MY)$ a little less red than emcc, down more than 10%
$Vanguard S&P 500 ETF (VOO.US)$ still green, but from up 4% to almost 3%
my p/l have been up around RM140. Around mid july, it started falling. Right now, its in the red territory.
That's all for now. Thank You.
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Columns Breaking through the 4.50 barrier, the Ringgit became the best emerging currency of the week.
$USD/MYR (USDMYR.FX)$
The rising trend of the ringgit is unstoppable, with another surge of over 1.7% today, breaking through the 4.50 level. The entire week saw a rise of 3.6%!
As of 5 p.m., the exchange rate of the ringgit was 4.4908 to the US dollar, with a daily increase of 1.72%. This is another important level that the ringgit has surpassed within 3 days after breaking through the 4.60 level on Wednesday, July 31.
Looking at the entire week, the exchange rate of the ringgit has increased by 3.59%, making it the best-performing emerging market currency this week.
The outlook for Malaysia's economic growth is optimistic, coupled with continuous inflow of foreign funds, which has led to a 10-day continuous increase in the ringgit, the longest streak in 14 years.
According to Bloomberg, after three years of decline, the performance of the ringgit this year has been better than other Asian currencies, especially after the government introduced policies to promote foreign investment and reduced subsidies to narrow the budget deficit.
With the support of these policies, the Malaysian stock market has regained the interest of global funds. These funds have bought $0.112 billion (approximately 0.508 billion ringgit) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating. The improvement in export conditions has provided support for economic growth. In addition, the statistics bureau's earlier forecast for the second quarter's economic growth rate reached 5.8%, exceeding market expectations.
According to the report by Bernama, Second Finance Minister Datuk Seri Amir Hanza believes that the forecast of Malaysia's economic growth of 4% to 5% this year can be achieved, and it may even reach a higher level. The trend of the ringgit will also enter a...
The rising trend of the ringgit is unstoppable, with another surge of over 1.7% today, breaking through the 4.50 level. The entire week saw a rise of 3.6%!
As of 5 p.m., the exchange rate of the ringgit was 4.4908 to the US dollar, with a daily increase of 1.72%. This is another important level that the ringgit has surpassed within 3 days after breaking through the 4.60 level on Wednesday, July 31.
Looking at the entire week, the exchange rate of the ringgit has increased by 3.59%, making it the best-performing emerging market currency this week.
The outlook for Malaysia's economic growth is optimistic, coupled with continuous inflow of foreign funds, which has led to a 10-day continuous increase in the ringgit, the longest streak in 14 years.
According to Bloomberg, after three years of decline, the performance of the ringgit this year has been better than other Asian currencies, especially after the government introduced policies to promote foreign investment and reduced subsidies to narrow the budget deficit.
With the support of these policies, the Malaysian stock market has regained the interest of global funds. These funds have bought $0.112 billion (approximately 0.508 billion ringgit) of Malaysian stocks so far this year.
At the same time, Malaysia's economic recovery is also accelerating. The improvement in export conditions has provided support for economic growth. In addition, the statistics bureau's earlier forecast for the second quarter's economic growth rate reached 5.8%, exceeding market expectations.
According to the report by Bernama, Second Finance Minister Datuk Seri Amir Hanza believes that the forecast of Malaysia's economic growth of 4% to 5% this year can be achieved, and it may even reach a higher level. The trend of the ringgit will also enter a...
Translated
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Good morning mooers! Here are things you need to know about today's market:
●Markets See Mixed Results Amid Key Tech Earnings
●Malaysia MOF Considers PPP Masterplan and Tax Base Expansion for Budget 2025
●MOF Announces Trio of Priorities for Malaysia's Budget 2025
●Malaysian Glove Stocks Suffer Amid Rising Chinese Competition
●Stocks to watch: Bursa, Unisem, Dufu
-moomoo News MY
Wall Street Summary
On Tuesday, market indices en...
●Markets See Mixed Results Amid Key Tech Earnings
●Malaysia MOF Considers PPP Masterplan and Tax Base Expansion for Budget 2025
●MOF Announces Trio of Priorities for Malaysia's Budget 2025
●Malaysian Glove Stocks Suffer Amid Rising Chinese Competition
●Stocks to watch: Bursa, Unisem, Dufu
-moomoo News MY
Wall Street Summary
On Tuesday, market indices en...
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Columns AMD Investors Load Up on Bullish Options as Quarterly Earnings, Revenue Outlook Beat Estimates
$Advanced Micro Devices (AMD.US)$ investors are spending millions of dollars on bullish options after the company's second quarter earnings and guidance beat analyst estimates.
The biggest of those unusual trades tracked by moomoo involved call optionsthat give the holder the right to buy 100,000 AMD shares at $180 each by June 2025. The trade, posted at 11:54 a.m. Wednesday, showed the buyer paid a prem...
The biggest of those unusual trades tracked by moomoo involved call optionsthat give the holder the right to buy 100,000 AMD shares at $180 each by June 2025. The trade, posted at 11:54 a.m. Wednesday, showed the buyer paid a prem...
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We are nearing the end of July, let's take a look at how things are going so far....
Not too bad, definitely took a few hits with Tesla & Nvidia tanking... thankfully there is money market funds to save the day
Best gifs to represent this month is definitely the following Disney related gifs
How it began:
How it ended:
Something seems to be looming ahead...maybe it is time to start trimming down various positions and moving them into saf...
Not too bad, definitely took a few hits with Tesla & Nvidia tanking... thankfully there is money market funds to save the day
Best gifs to represent this month is definitely the following Disney related gifs
How it began:
How it ended:
Something seems to be looming ahead...maybe it is time to start trimming down various positions and moving them into saf...
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* For the first time, I felt motivated to persevere*
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Biggest surprise: $Singtel (Z74.SG)$ broke 3.10!
SunPower was a free stock from moomoo. I didn’t know much about the solar industry and just left it languishing in my portfolio. Recently news broke that the company is not a going concern and the price plummeted. On hindsight, I should have cashed out immediately.
Lesson learnt: Don’t hold on to stocks you don’t know anything about.
SunPower was a free stock from moomoo. I didn’t know much about the solar industry and just left it languishing in my portfolio. Recently news broke that the company is not a going concern and the price plummeted. On hindsight, I should have cashed out immediately.
Lesson learnt: Don’t hold on to stocks you don’t know anything about.
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