17 Mar 2025 BMD Local Market

 LOCAL MARKET 

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FKLI

The escalating trade tensions between the US and its trading partners led to a significant outflow of foreign dollars from Bursa Malaysia in the previous week.

A selloff in local equities by foreign funds saw a net outflow of RM1.34bil from the domestic market, a large increase from the net outflow of RM881.5mil in the prior week.

(News Source: The Star)

Recommend Trading Plan:

Long positions may be opened above 1506 with targets at 1512/1518 and stop-loss at 1497

Short positions may be opened below 1506 with targets at 1486/1480 and stop-loss at 1509

FCPO

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower this week, ranging between RM4,000 and RM4,200 per tonne, says Interband Group of Companies senior palm oil trader Jim Teh.

(News Source: The Star)

Recommend Trading Plan:

Short positions may be opened below 4527 with targets at 4506/4485 stop-loss at 4547

Long positions may be opened above 4527 with targets at 4548/4568 stop-loss at 4507

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.