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Technical Focus – 14th Sep 20

Given that there are no signs of abating in the new numbers of Covid-19, we see demand for personal protective equipment (PPE) to remain sturdy overtime. According to Statista (German market data specialist), global PPE market is expected to balloon from US$52.0bn in 2019 to US$93.0bn in 2027. Concerns over the confirmed Covid-19 cases (more than 200,000 daily since 20-Jul-20) likely to ensure demand remains intact. The retracement in gloves-related stocks in recent weeks suggests that weakness is likely to be overdone, primed for recovery. Also, we see valuations have turned more compelling at current juncture.
technical focus

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market pulse

Tempered by MSCI portfolio re-balancing

The FBM KLCI started off the week on a dour note alongside with the weakness across regional peers on the increasing geopolitical tension between US and China. Still, the FBM KLCI recorded 95.82 pts on gain (+6.5% MoM) during November 2020. Although we see renewed volatility unfolding, we reckon that bargain hunting activities may take precedence after the sharp fall yesterday. On the other hand, we think that the lower liners are poised for further upsides, driven by the improved trading liquidity which may extend the rotational play.

What’s Trending (30th Nov 2020)

Vaccine companies continue to deliver positive news, as a third candidate, AstraZeneca has reported another positive trial results, casting hope for a foreseeable end to the pandemic despite raging increases in case numbers. Vaccine news, coupled with diminishing uncertainties on the political front in the US saw positive market sentiment globally throughout the week

Get Wiz

Final day of November, what have you traded?

The Bursa Exchange has been quite volatile last week and the FBM KLCI has turned negative at the time of writing going into the final day of the reporting season. Although the market was slightly negative, things are going well for our Daily Pick list

macquarie structured warrants 20200914

Lower overall warrants turnover for the week; HSI warrants back in focus

The overall warrants market turnover came in at RM593.0mil last week, dropping by approximately 26.8% versus the previous week as stocks over glove makers took a breather. Warrants over Malaysian shares still dominated the total turnover, making up approximately 85.2% of the total warrants turnover at RM505.5mil, followed by warrants over indices with RM41.8mil (7.0%) and warrants over foreign underlyings which made up the balance.

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