Troy Wee
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Hello Mooers! As we eagerly anticipate the arrival of the Lunar New Year, it's a time of festivity, and reflection, and also an intriguing period for the financial markets. Let's dive into what this auspicious season might hold for the Malaysian stock market. 🌟🧧🐲
Looking back at the data from the past 24 years (1999-2022), it's interesting to note:
In the week leading ...
Looking back at the data from the past 24 years (1999-2022), it's interesting to note:
In the week leading ...
![🐲 As the Lunar New Year approaches, will the Malaysian stock market experience the "Year of the Dragon Spring Festival Effect"?](https://sgsnsimg.moomoo.com/101000106/editor_image/5dd578c676a43cfc8e30734df6948388.jpg/thumb)
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Columns MY Morning Wrap | Tenaga Nasional to Launch Malaysia's First Utility-Scale Battery Storage Project
Good morning mooers! Here are things you need to know about today's market:
●US Stock Market Takes a Breather as Semiconductor Sector Weighs on Gains
●Uptrend Momentum Expected to Continue on Bursa Malaysia, Traders Remain Cautiously Optimistic
●Malaysia to See Faster Recovery in Tourist Arrivals, Says Maybank IB Research
●Stocks to watch: TNB, SCIB
-moomoo News MY
Wall Street Summary
The US stock m...
●US Stock Market Takes a Breather as Semiconductor Sector Weighs on Gains
●Uptrend Momentum Expected to Continue on Bursa Malaysia, Traders Remain Cautiously Optimistic
●Malaysia to See Faster Recovery in Tourist Arrivals, Says Maybank IB Research
●Stocks to watch: TNB, SCIB
-moomoo News MY
Wall Street Summary
The US stock m...
![MY Morning Wrap | Tenaga Nasional to Launch Malaysia's First Utility-Scale Battery Storage Project](https://sgsnsimg.moomoo.com/feed_image/101000104/0fa6e671576b35f190115b51be5b52cd.webp/bigjpg)
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The AI-driven technology boom of 2023 not only propelled the US stock market to unprecedented heights but also resulted in a substantial surge in the wealth of technology billionaires. According to Forbes' latest ranking of "The 10 Billionaires Who Gained the Most Wealth in 2023", eight out of the top ten billionaires with the highest increase in net worth globally are from the technology sect...
![AI Boom Fuels Tech Billionaires' Wealth Surge: Elon Musk's Net Worth Grows by $300 Million Daily in 2023](https://ussnsimg.moomoo.com/feed_image/77777019/da3bff862b9f39bf8f8a40e7ab5f00ae.jpg/thumb)
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The first global delivery of the $Tesla (TSLA.US)$ Cybertruck is scheduled to occur at the Texas Gigafactory on November 30, which potentially causes a surge in the value of the related stocks.
The Cybertruck stands out as Tesla's first pickup truck, with unique features that set it apart from their sedans.
In terms of power, the Cybertruck boasts impressive power capabilities such as a towing capacity of over 14,000 pounds and the a...
The Cybertruck stands out as Tesla's first pickup truck, with unique features that set it apart from their sedans.
In terms of power, the Cybertruck boasts impressive power capabilities such as a towing capacity of over 14,000 pounds and the a...
![Tesla's Cybertruck Takes the Stage: A Look at Its Industry Chain](https://ussnsimg.moomoo.com/feed_image/77777019/e56cf8e61d5e3adfa77fe51b458534ee.jpg/thumb)
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The war in the Middle East continued to heat up, global capital was further withdrawn from the Chinese stock market, and Asian stocks fell across the board throughout the day.
When the market closed at 5 p.m., the Composite Index closed at 1441.04 points, a slight decrease of 1.62 points, or 0.11%.
The full-day trading volume was 3.5 billion shares, with a transaction value of RM1.9 billion.
$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$The closing report was 10620.44 points, down 21.00 points.
There were 315 rising stocks, 558 falling stocks, 464 had no ups or downs, and 1,020 had no transactions.
Meanwhile, USD 5.1 was cashed out in ringgit at the level of 4.7675 in the afternoon.
Source: Nanyang Siang Pau, Klse Pulse
Focus attention
Chinese and foreign reserves fell to RM518.3 billion in October
The Bank of China announced that China's foreign exchange reserves as of October 13 reached 108.9 billion US dollars (about RM518.3 billion), a decrease of 1.2 billion US dollars (about RM5.6 billion) compared to September 1.
According to a statement issued by the Bank of China on Friday, Malaysia's current foreign exchange reserves are sufficient to cover 5.1 months of imports of goods and services and 1.0 times short-term foreign debt.
In September, China's foreign exchange reserves were reported at US$110.1 billion (the exchange rate was equivalent to RM519.2 billion at the time).
The Malaysian currency fell to a new low, SGD 3.4826 against RM3.4826
...
When the market closed at 5 p.m., the Composite Index closed at 1441.04 points, a slight decrease of 1.62 points, or 0.11%.
The full-day trading volume was 3.5 billion shares, with a transaction value of RM1.9 billion.
$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$The closing report was 10620.44 points, down 21.00 points.
There were 315 rising stocks, 558 falling stocks, 464 had no ups or downs, and 1,020 had no transactions.
Meanwhile, USD 5.1 was cashed out in ringgit at the level of 4.7675 in the afternoon.
Source: Nanyang Siang Pau, Klse Pulse
Focus attention
Chinese and foreign reserves fell to RM518.3 billion in October
The Bank of China announced that China's foreign exchange reserves as of October 13 reached 108.9 billion US dollars (about RM518.3 billion), a decrease of 1.2 billion US dollars (about RM5.6 billion) compared to September 1.
According to a statement issued by the Bank of China on Friday, Malaysia's current foreign exchange reserves are sufficient to cover 5.1 months of imports of goods and services and 1.0 times short-term foreign debt.
In September, China's foreign exchange reserves were reported at US$110.1 billion (the exchange rate was equivalent to RM519.2 billion at the time).
The Malaysian currency fell to a new low, SGD 3.4826 against RM3.4826
...
Translated
![MY CLOSING BELL REVIEWS | REGIONAL SLUMP, KLCI DROP 1.62 POINTS](https://sgsnsimg.moomoo.com/101767110/editor_image/ad723bbd2724352ab9254bd6c5eb52cc.png/thumb)
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Good morning mooers! Here are things you need to know about today's market:
●US stocks ended sharply lower on Wednesday
●Malaysia's real GDP to rise 4.3% in 2024 on higher global export demand
●Consumer sector expected to fair positively
●Agrobank sees stronger agriculture with Budget 2024
●Bank Negara engaging in recovery plan submissions
●Stocks to watch: Bursa, AMMB
-moomoo News MY
Wall Street Summary
Long-term bond yields hit a fres...
●US stocks ended sharply lower on Wednesday
●Malaysia's real GDP to rise 4.3% in 2024 on higher global export demand
●Consumer sector expected to fair positively
●Agrobank sees stronger agriculture with Budget 2024
●Bank Negara engaging in recovery plan submissions
●Stocks to watch: Bursa, AMMB
-moomoo News MY
Wall Street Summary
Long-term bond yields hit a fres...
![MY Morning Wrap | Bursa Likely to Post Better Earnings in 3Q](https://sgsnsimg.moomoo.com/feed_image/101000104/0fa6e671576b35f190115b51be5b52cd.webp/bigjpg)
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News Highlights
$Tesla (TSLA.US)$ shares fell by 4.78%, closing at $242.68. Its options trading volume is 1.89 million. Call contracts account for 52.7% of the whole trading volume. The most traded calls are contracts of $255 strike price that expire on October 20th. The total volume reaches 40,871 with an open interest of 10,207. The most traded puts are contracts of a $250 strike price th...
$Tesla (TSLA.US)$ shares fell by 4.78%, closing at $242.68. Its options trading volume is 1.89 million. Call contracts account for 52.7% of the whole trading volume. The most traded calls are contracts of $255 strike price that expire on October 20th. The total volume reaches 40,871 with an open interest of 10,207. The most traded puts are contracts of a $250 strike price th...
![Options Market Statistics: Tesla Third-quarter Earnings Slow, Missing Forecasts; Shares Drop and Options Pop](https://ussnsimg.moomoo.com/feed_image/70905574/2489aa559cee3a6f9231fd5ff01fb6fe.png/thumb)
![Options Market Statistics: Tesla Third-quarter Earnings Slow, Missing Forecasts; Shares Drop and Options Pop](https://ussnsimg.moomoo.com/feed_image/70905574/7299ad8465fb315d8b84699441eeeab8.png/thumb)
![Options Market Statistics: Tesla Third-quarter Earnings Slow, Missing Forecasts; Shares Drop and Options Pop](https://ussnsimg.moomoo.com/feed_image/70905574/5edb47a30836389589fecd197061bca7.png/thumb)
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The Asian stock market was generally positive on Tuesday, and horse stocks also rose along with the market, but their increase was relatively limited.
On the periphery side, the Japanese stock market surged 1.2% throughout the day, making it the best-performing stock market in the Asian region.
$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$The full day closed at 1444.13 points, up 5.17 points, or 0.36%.
The trading volume of horse stocks on Tuesday was 2.6 billion shares, with a transaction value of RM1.9 billion.
The FTSE Malaysia All Stock Index closed at 10692.88 points, starting at 33.82 points.
Investment sentiment in Malaysian stocks is also improving. Overall, there were 439 rising stocks, higher than 353 falling stocks, another 504 with no ups or downs, and 1,045 no trades.
Meanwhile, at 5:1 p.m., the US dollar was cashed out in ringgit to the level of 4.7373.
Source: Nanyang Siang Pau, Klse Pulse
Focus attention
BMI: Maintaining agreement with the government, the deficit is expected to drop to 4.3% next year
Fitch's BMI study maintains expectations for Malaysia's fiscal deficit, indicating that this year's deficit will be 4.9% of gross domestic product (GDP) and fall to 4.3% next year, in line with the government's forecast.
After a quick review of the recently released 2024 budget, BMI indicated that the budget exhibition...
On the periphery side, the Japanese stock market surged 1.2% throughout the day, making it the best-performing stock market in the Asian region.
$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$The full day closed at 1444.13 points, up 5.17 points, or 0.36%.
The trading volume of horse stocks on Tuesday was 2.6 billion shares, with a transaction value of RM1.9 billion.
The FTSE Malaysia All Stock Index closed at 10692.88 points, starting at 33.82 points.
Investment sentiment in Malaysian stocks is also improving. Overall, there were 439 rising stocks, higher than 353 falling stocks, another 504 with no ups or downs, and 1,045 no trades.
Meanwhile, at 5:1 p.m., the US dollar was cashed out in ringgit to the level of 4.7373.
Source: Nanyang Siang Pau, Klse Pulse
Focus attention
BMI: Maintaining agreement with the government, the deficit is expected to drop to 4.3% next year
Fitch's BMI study maintains expectations for Malaysia's fiscal deficit, indicating that this year's deficit will be 4.9% of gross domestic product (GDP) and fall to 4.3% next year, in line with the government's forecast.
After a quick review of the recently released 2024 budget, BMI indicated that the budget exhibition...
Translated
![MY Closing Bell Reviews|REGIONAL BRING THE LEADS, KLCI EXTENDED 5.17 POINTS](https://sgsnsimg.moomoo.com/101767110/editor_image/067ae693c5f4381cb68a3300657ea697.png/thumb)
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News Highlights
$NVIDIA (NVDA.US)$shares fell by 4.68%, closing at $439.38. Its options trading volume is 1.52 million. Call contracts account for 54.8% of the whole trading volume.
Reuters reported that the U.S. intends to tighten restrictions on AI chip exports to China and Nvidia's H800 chip, citing a U.S. government official and industry sources. Nvidia stock fell Tuesday. The Co...
$NVIDIA (NVDA.US)$shares fell by 4.68%, closing at $439.38. Its options trading volume is 1.52 million. Call contracts account for 54.8% of the whole trading volume.
Reuters reported that the U.S. intends to tighten restrictions on AI chip exports to China and Nvidia's H800 chip, citing a U.S. government official and industry sources. Nvidia stock fell Tuesday. The Co...
![Options Market Statistics: Nvidia Stock Falls After U.S. Announces New Restrictions on AI Chip Exports, Options Pop](https://ussnsimg.moomoo.com/feed_image/70905574/8d2b45c6f4273934a16cb9622933ad07.png/thumb)
![Options Market Statistics: Nvidia Stock Falls After U.S. Announces New Restrictions on AI Chip Exports, Options Pop](https://ussnsimg.moomoo.com/feed_image/70905574/1d2a4a72741a3c7c9d20cbd1f77a3ac8.png/thumb)
![Options Market Statistics: Nvidia Stock Falls After U.S. Announces New Restrictions on AI Chip Exports, Options Pop](https://ussnsimg.moomoo.com/feed_image/70905574/c999d07638a63aa1b1fc81b126b74431.png/thumb)
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