Todays KLSE Stocks Watch

 Market update: The FBM KLCI maintained its winning streak throughout the week, spurred by strong buying interest from foreign funds (positive inflow streak: 5 days, cumulative net buying: RM964.3m) amid easing political risk and reopening of business activities. We believe the positive sentiment will continue to be supported by the Prime Minister’s target to achieve a vaccination rate of over 50.0% for adult population in another 6 states by the end of September, while considering moving Klang Valley into Phase 2 of NRP. Nevertheless, trading may slow down ahead of the National Day public holiday. Meanwhile, the crude oil prices closed above USD72 per barrel and gold prices shot up above USD1800 level.

Sector focus: The oil & gas sector is under the limelight following the increasing crude oil prices. Also, investors may focus on recovery theme play with the smooth vaccination progress. Besides, the technology sector may gain traction following the overnight gains in Nasdaq which closed at record high following the US Fed’s remarks on its dovish monetary policy.

Stocks to watch:

O&G: ARMADA, DAYANG, RL, UZMA
Transport & Logistics: AIRPORT, FREIGHT
Finance: AMBANK, MNRB, RCECAP
Healthcare: HARTA, HONGSENG, SUPERMX
Building material: HUMEIND, LEONFB, YB
Property: ECOWLD, MULPHA
Construction: ECONBHD, KPOWER
Other: AWANTEC, BINTAI, DPIH, GCB, MEDIA, POHKONG, SCGM

Source: M+ Online
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