04 March 2025
FBMKLCI: 1,571.79 (-3.31)
Support: 1,556, 1,546
Resistance: 1,600, 1,618
Bursa Top Gainers:
PPB (+3.4%), CIMB (+2.4%), MRDIY (+2.2%)
Bursa Top Losers:
NESTLE (-5.1%), AXIATA (-4.3%), GAMUDA (-3.4%)
Bursa Trade Statistics
Local Institutions (40.91%): +RM13.04m
Local Retail (20.70%): +RM55.09m
Foreign (38.39%): -RM68.13m
Global Equity Indexes
MSCI Asia : 184.66 (+1.28, +0.70%)
NASDAQ : 18,350.19 (-497.09, -2.64%)
S&P500 : 5,849.72 (-104.78, -1.76%)
DJIA : 43,191.24 (-649.67, -1.48%)
USD/MYR : 4.4628 (+0.0028)
SGD/MYR : 3.3147 (+0.0078)
Crude Oil : $68.33 (-1.91)
Gold : $2,892.10 (+23.72)
US stocks were lower after the close on Monday, as losses in the Oil & Gas, Technology and Basic Materials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 1.48% to hit a new 1-month low, while the S&P 500 index fell 1.76%, and the NASDAQ Composite index fell 2.64%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2,034 to 761 and 64 ended unchanged; on the Nasdaq Stock Exchange, 2,741 fell and 589 advanced, while 89 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) AGX (KLSE: 0299)
Technical BUY with +15.2% potential return
* Last: RM0.56 TP: RM0.62, RM0.645 SL: RM0.515
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) COASTAL (KLSE: 5071)
Technical BUY on breakout with +24.3% potential return
* Last: RM1.40 TP: RM1.62, RM1.74 SL: RM1.22
* Timeframe: 2 weeks to 2 months
* Shariah: NO
3) EDGENTA (KLSE: 1368)
Technical BUY with +14.4% potential return
* Last: RM0.80 TP: RM0.865, RM0.915 SL: RM0.725
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Disclaimer:
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