Latest Bursa CFD Market Views

09 Apr 2024

CFD is available for trading on Phillip MetaTrader 5 (MT5).

Features of trading CFD:

  • Trade in both the bull and the bear markets
    The ability to enter a long and/or short position allow traders to take advantage of both rising and falling markets.
  • Smaller barrier to entry
    Flexible and smaller contract sizes. This means that traders will be able to enter into a contract with a modest amount of capital.
  • No expiration date or risk of delivery
    Unlike futures which commonly have a fixed expiration date, CFD allows traders to perpetually hold the position(s). CFD is cash settled, no need to worry about the delivery of the underlying asset.

 

Benefits of using Phillip MT5:

Trade at zero commission on a dynamic platform that offers low spreads. Integrated with Autochartist and Trading Central Indicators, and available on mobile, web and desktop app, you will never miss a trading opportunity with Phillip MT5.

Register for a FREE 30-day Phillip MetaTrader 5 Demo Account

More Market Trends

The Week Ahead (27/05/2024)

Following stronger than anticipated U.S. business activity data, cautious sentiment prevailed as Malaysia’s KLCI ended 0.6% lower at 1619.40, wiping out gains over the previous three days.

Read More: Bursa CFD Weekly 

Global Economy

Strong U.S. economic data released overnight increased the likelihood that interest rates would remain higher for an extended period of time, which reduced risk appetite.

European stocks ended the day flat on Thursday as investors reduced their expectations for interest rate cuts this year due to improving economic activity.

The Nasdaq reached a record closing high and a fifth consecutive week of gains on Friday as U.S. stocks recovered from steep losses the previous day on reports of an improving consumer outlook on inflation.

Company in Focus

Scientex Bhd announced on Friday that it is expanding its land bank for future development by purchasing land in Seberang Perai, Penang, for RM462.50 million.

Maybank posts record RM2.49 bil net profit for 1Q on higher interest income, accounting gain.

Gamuda Bhd declared on Friday that it had obtained contracts totaling RM1.74 billion for Sime Darby Property Bhd to construct a hyperscale data center at the latter’s Elmina Business Park.

IOI Corp 3Q net profit falls 38% to RM123.1mil on paper losses.

Inari Amertron a company that offers semiconductor packaging services like back-end wafer processing, assembly, and testing, revealed a 29% YoY increase in quarterly net profit.

TRC Synergy Bhd announced that it has won a RM142.34 million subcontract for theproposed transformation of a state legislature building.

Risk Disclaimer:

This advertisement is for general information only and does not constitute a recommendation, offer or solicitation to buy or sell any investment product. It does not have regard to your specific investment objectives, financial situation or particular needs. Investments are subject to investment risks. The risk of loss in Futures trading can be substantial and you could lose in excess of your initial funds. You may wish to seek advice from a registered representative, pursuant to a separate engagement, and to read the governing Terms and Conditions and the Risk Disclosure Statement carefully before making a decision whether or not to invest in such products.