Canon Ball News on 24/11/2015 – 3 vs 1 and we still listen to 1..

There are a few important things took place today:
1st Saudi said that they are willing to cooperate with fellow producers to stabilize prices. This had sent the oil price higher in US morning session.
Source: http://www.marketwatch.com/story/oil-futures-rebound-after-saudi-arabia-says-will-work-to-stabilize-prices-2015-11-23?dist=beforebell

2nd During the visit of China Premier, he said that China will help Malaysia by buying more Malaysian government bonds and give the country a 50 billion yuan (US$7.83 billion) quota to invest in Chinese stocks and bonds, as it looks to strengthen ties with Southeast Asia.
Source: http://www.theedgemarkets.com/my/article/china-buy-malaysian-bonds-offers-investment-quota-southeast-asia-push

3rd 1MDB sell their power business to Chinese-led consortium for equity value of RM9.83b.
Source: http://www.theedgemarkets.com/my/article/1mdb-sells-power-business-chinese-led-consortium-equity-value-rm983b

Summary: The 3 news above gave us a feeling that Malaysia might start to move away from the major woes whether it is fundamentally or politically. Why?

1st The fall of oil price had causes Malaysia to suffer as Crude oil is 1 of the major income for Malaysia.

2nd China will help us by buying up our bond to provide liquidity to Malaysia, this can help especially when we are facing capital flight.

3rd The selling of 1MDB assets might signal a good start to put an end to all the political and financial saga.

Though the 3 things above are quite positive to us, but we are still obsess with the Volume in FBMKLCI.

As we can see the total shares traded had hit 2.9b again for today and we insist that players should be careful as the market is very HOT. There are rotational play for Penny stocks from XOX, to Instaco and the latest 1 is Genetec where the turnover rate for today is already 44.8% and this 44.8% is telling that 44.8% of the shares were traded and changed hand.

THIS IS MADNESS!

However, Big Canon has no crystal ball to predict when the music will stop, and hence managing your risk with a proper game plan is what U should have.

We don’t have individual counter to highlight tonight, but you can still check out full article of OCNCASH – Ocean of CASH? To know more about the counter.
http://bigcanon.blogspot.my/2015/11/oceancash-0049-travelling-towards-no.html

May all the HUAT be with us!
Regards
Big Canon Finance

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Disclaimer: The content on this site is provided as general information and for education purpose only which should not be taken as investment advice.