From The News Desk
Bullish Theme —Buy at weakness
February 21, 2012 09:12
Previous two candles show some selling pressure around 12594~12611 levels. However, the daily momentum data (MACD, RSI and STS), and minor averages remain supportive of a positive view. Immediate supports reside around 12426 and 12362 levels. Strength through Friday’s high (12611) would eye 12698. Preferred stocks include PSO, OGDC, ENGRO, NML, DGKC, UBL, NBP, MCB, and PTC.
Broader perspective: Keeping faith with a confirmed bullish reversal through Oct’11 peak of 12246, we continue to scope for 12638 and 12906 levels (internal targets). Nearby supports exist around 12369 and 12037. In our view, the bullish cycle would remain valid till mid of March’12, with maximum possibility for 13341~13775 area.
From The News Desk
Closing Note
February 21, 2012 16:17
Today KSE 100 index opened on a positive note with 15 points. The KSE 100 index gain 26 points to close at 12,544 level.
The KSE 100 Index generated a volume of 197.84 million shares and The All Index generated a volume of 322.47 million shares.
The KSE 100 index reached a high of 89 positive points (12,607) and a low of 42 negative points (12,475). Trading volume was high at KSE 100 index today. KSE 100 index volume decreased 197.84 million shares as compared to 134.15 million shares on Monday.
Out of the 343 active scrips, 166 closed in Positive and 101 in negative, while the values of 76 stocks remained unchanged.
Banks, Construction & Materials and Financial Services were the sector leaders of today with JSBL, FCCL and JSCL as the top movers of these sectors.
Once again JSCL was the volume leader with 42.9 million shares.
2nd volume leader was ANL with 25.1 million shares.
3rd volume leader was FCCL with 22.9 million shares.
UNILEVER Pakistan Limited and Colgate Palmolive (Pak) Limited was highest gainers by Rs. 100.00 and Rs. 34.70 respectively, Siemens (Pak) Eng. Co. Limited and Service Industries was worst losers by Rs. 40.43 and Rs. 10.60 respectively
Welcome to Tezi Mandee - Community Of Pakistani Investors & Traders
 |
Welcome to Tezi Mandee - Community Of Pakistani Investors & Traders, like most online communities you must register to view or post in our community, but don't worry this is a simple free process that requires minimal information for you to sign up. Be a part of Tezi Mandee - Community Of Pakistani Investors & Traders by signing in or creating an account.
To Sign In ( Click Here ) |
0
Stock Market Opening and Closing Notes
Started by Amin Khan, Jun 15 2011 10:08 PM
Stock Market Opening Notes Closing Notes
628 replies to this topic
#446
Posted 21 February 2012 - 10:49 PM
KSE100 Index 12,544|High 12,607|Low 12,475|Change +26|Value USD65mn|Vol 197mn
In a volatile trade, equities rallied to make highs though late profit booking by retailers and institutions dragged index to close marginally positive. It was an exciting day as major banking results played sentiments with disappointment and excitement. MCB Bank MCB PA -3.4% announced below expected results with 2011 EPS of PKR23.23/sh, PKR3/sh cash and 10% stock dividend. Lower earnings was mainly led by higher provisioning charge along with higher tax rate. On the contrary, UBL Bank UBL PA +1.5% brought back excitement after it announced 2011 EPS of PKR12.66 and PKR6/sh cash dividend beating analysts expectations of PKR 12.31 and PKR 3.5 cash dividend. DGKC PA +5% started the day on a strong note after rumors of trade setup with India that would bode well for company's next year growth on account of its proximity to the border. Second tier stocks continue to add dominance on the volume chart with JSCL PA -1.4% topping after jobbers opted to book profit ahead of results announcement on 23rd Feb.
We expect market to take a breather as weekend approaches as excitement over result announcement ends. However, we do see oil stocks namely POL PA and PSO PA to support index at current levels after the former going spot with 175% dividend and latter getting payments to settle its circular debt issues.
(Elixir)
==============================
KSE-100: Composite view reflects consolidation
The index faced resistance from the 12,600 points mark and has created a spinning top in the process. The resultant formation suggests that a retest of its trendline cannot be ruled out. The overall trend is bullish.
The Stochastic Oscillator has shown weakness and has come down from the overbought region while generating a weak sell signal. On the other hand the RSI continues to rise and maintains its buy signal.
(KASB)
In a volatile trade, equities rallied to make highs though late profit booking by retailers and institutions dragged index to close marginally positive. It was an exciting day as major banking results played sentiments with disappointment and excitement. MCB Bank MCB PA -3.4% announced below expected results with 2011 EPS of PKR23.23/sh, PKR3/sh cash and 10% stock dividend. Lower earnings was mainly led by higher provisioning charge along with higher tax rate. On the contrary, UBL Bank UBL PA +1.5% brought back excitement after it announced 2011 EPS of PKR12.66 and PKR6/sh cash dividend beating analysts expectations of PKR 12.31 and PKR 3.5 cash dividend. DGKC PA +5% started the day on a strong note after rumors of trade setup with India that would bode well for company's next year growth on account of its proximity to the border. Second tier stocks continue to add dominance on the volume chart with JSCL PA -1.4% topping after jobbers opted to book profit ahead of results announcement on 23rd Feb.
We expect market to take a breather as weekend approaches as excitement over result announcement ends. However, we do see oil stocks namely POL PA and PSO PA to support index at current levels after the former going spot with 175% dividend and latter getting payments to settle its circular debt issues.
(Elixir)
==============================
KSE-100: Composite view reflects consolidation
The index faced resistance from the 12,600 points mark and has created a spinning top in the process. The resultant formation suggests that a retest of its trendline cannot be ruled out. The overall trend is bullish.
The Stochastic Oscillator has shown weakness and has come down from the overbought region while generating a weak sell signal. On the other hand the RSI continues to rise and maintains its buy signal.
(KASB)
Click Here For: "Daily Reports From Different Brokerage Houses"
#447
Posted 22 February 2012 - 12:22 PM
Bullish Momentum Would Refresh Through 12611
Last three candles show minor supply at 12611 level. However, the daily momentum data (MACD, RSI and STS), and short-term averages remain supportive of a bullish view. Has to overcome Friday’s high (12611) for 12668 level to allow an immediate base in 12534~12475 area for a short-term strength towards 12884~12981 levels. Internal supply at 12787. A relapse through 12490~12475 would expose minor weakness towards 12426 and 12362 levels. Preferred stocks include PSO, OGDC, ENGRO, NML, DGKC, UBL, NBP, and PTC.
Broader perspective: Keeping faith with a confirmed bullish reversal through Oct’11 peak of 12246, we continue to scope for 12638 and 12906 levels (internal targets). Nearby supports reside around 12369 and 12037. In our view, the bullish cycle would remain valid till mid of March’12, with maximum possibility for 13341~13775 area.
(AKD)
==========================
Market Outlook
Sell on strength due to profit taking as the KSE 100-index has already surged by 10.5% CYTD.
(AF)
==========================
Still behind enemy lines!
The KSE100 witnessed another choppy and erratic day and despite penetration into the congestion zone closed with a net gain of 26.55 points or 0.21%. Market participation clocked in at 197.84 million shares - up 47.5% compared to the previous session. A pull back amidst declining market participation seems very likely after considering that the bulk of the trading activity was in 2nd and 3rd tier scrips. Upside is likely to face multiple resistance areas at 12,550, 12,624 and 12,768.
OGDC (vwap - 163.73) remained in a state of indecision to close at 163.31. Our stop loss got triggered at 162.25. Buy on close above 165.25.
POL (vwap - 373.68) rallied further to close at 373.04. Expect profit taking to continue around 375. For positions taken earlier move your stop loss to 371.75.
NBP (vwap - 49.47) penetrated into the resistance at 50 but closed at 49.37 amidst expanding market participation. For positions taken on close above 200 SMA keep your stop loss at 48.50.
PSO (vwap - 265.17) rallied further to close up 1.68%. For positions taken on move past 257.50 shift your stop loss to 261.25.
FFC (vwap - 186.14) experienced a range bound day to close at 185.88. For positions taken at 184 (breakout level) keep your stop loss at 184.75. Wait for the formation to evolve further.
ATRL (vwap - 122.22) is now trading within a small pennant. Wait for the formation to evolve further.
ENGRO (vwap -132.20) remined choppy to close at 132.33. Buy on close above 133.50.
DAWH (wvap - 38.63) is still trading below the trend line resistance. Wait for the price action to rally past the resistance area.
DGKC (wvap - 26.28) remains our top pick for now with a potential to rally till 30. Wait for further price discovery.
(BMA)
==========================
Technical Spotlight
The KSE-100 Index closed on a positive note but failed to cross last week's high and sustain itself above 12,600. Caution should be exercise as the market is highly overbought and the correction will likely be sharp. We advise to book profits at upper levels and move to the sidelines.
Pivot Point: 12,542.
Support: 12,477 and 12,410.
Resistance: 12,609 and 12,675.
Recommendation: We recommend investors to sell on strength and long positions should have strict stop below 12,477.
(Taurus)
Last three candles show minor supply at 12611 level. However, the daily momentum data (MACD, RSI and STS), and short-term averages remain supportive of a bullish view. Has to overcome Friday’s high (12611) for 12668 level to allow an immediate base in 12534~12475 area for a short-term strength towards 12884~12981 levels. Internal supply at 12787. A relapse through 12490~12475 would expose minor weakness towards 12426 and 12362 levels. Preferred stocks include PSO, OGDC, ENGRO, NML, DGKC, UBL, NBP, and PTC.
Broader perspective: Keeping faith with a confirmed bullish reversal through Oct’11 peak of 12246, we continue to scope for 12638 and 12906 levels (internal targets). Nearby supports reside around 12369 and 12037. In our view, the bullish cycle would remain valid till mid of March’12, with maximum possibility for 13341~13775 area.
(AKD)
==========================
Market Outlook
Sell on strength due to profit taking as the KSE 100-index has already surged by 10.5% CYTD.
(AF)
==========================
Still behind enemy lines!
The KSE100 witnessed another choppy and erratic day and despite penetration into the congestion zone closed with a net gain of 26.55 points or 0.21%. Market participation clocked in at 197.84 million shares - up 47.5% compared to the previous session. A pull back amidst declining market participation seems very likely after considering that the bulk of the trading activity was in 2nd and 3rd tier scrips. Upside is likely to face multiple resistance areas at 12,550, 12,624 and 12,768.
OGDC (vwap - 163.73) remained in a state of indecision to close at 163.31. Our stop loss got triggered at 162.25. Buy on close above 165.25.
POL (vwap - 373.68) rallied further to close at 373.04. Expect profit taking to continue around 375. For positions taken earlier move your stop loss to 371.75.
NBP (vwap - 49.47) penetrated into the resistance at 50 but closed at 49.37 amidst expanding market participation. For positions taken on close above 200 SMA keep your stop loss at 48.50.
PSO (vwap - 265.17) rallied further to close up 1.68%. For positions taken on move past 257.50 shift your stop loss to 261.25.
FFC (vwap - 186.14) experienced a range bound day to close at 185.88. For positions taken at 184 (breakout level) keep your stop loss at 184.75. Wait for the formation to evolve further.
ATRL (vwap - 122.22) is now trading within a small pennant. Wait for the formation to evolve further.
ENGRO (vwap -132.20) remined choppy to close at 132.33. Buy on close above 133.50.
DAWH (wvap - 38.63) is still trading below the trend line resistance. Wait for the price action to rally past the resistance area.
DGKC (wvap - 26.28) remains our top pick for now with a potential to rally till 30. Wait for further price discovery.
(BMA)
==========================
Technical Spotlight
The KSE-100 Index closed on a positive note but failed to cross last week's high and sustain itself above 12,600. Caution should be exercise as the market is highly overbought and the correction will likely be sharp. We advise to book profits at upper levels and move to the sidelines.
Pivot Point: 12,542.
Support: 12,477 and 12,410.
Resistance: 12,609 and 12,675.
Recommendation: We recommend investors to sell on strength and long positions should have strict stop below 12,477.
(Taurus)
Click Here For: "Daily Reports From Different Brokerage Houses"
#449
Posted 22 February 2012 - 05:42 PM
Market@15:30
Bullish rally that has gripped the local bourse prolonged in ninth consecutive session as KSE-100 amassed cumulative 390 points (3.44%). Albeit profit taking was the theme of the day especially in blue chip stocks with an advance to decline ratio of less than one, advancement in index giant OGDC, muscled KSE-100 index into positive territory. Investor participation remained buoyant and synonymously confined to small cap stocks. Bellwether fertilizer stocks fell prey to profit taking whilst cut in selling price of DAP by PKR310/bag further dampened the sentiments. Financial sector and E&P are likely to catch eyeballs with major result announcements along with uptrend in international oil prices.
(HMFS)
Bullish rally that has gripped the local bourse prolonged in ninth consecutive session as KSE-100 amassed cumulative 390 points (3.44%). Albeit profit taking was the theme of the day especially in blue chip stocks with an advance to decline ratio of less than one, advancement in index giant OGDC, muscled KSE-100 index into positive territory. Investor participation remained buoyant and synonymously confined to small cap stocks. Bellwether fertilizer stocks fell prey to profit taking whilst cut in selling price of DAP by PKR310/bag further dampened the sentiments. Financial sector and E&P are likely to catch eyeballs with major result announcements along with uptrend in international oil prices.
(HMFS)
Click Here For: "Daily Reports From Different Brokerage Houses"
#450
Posted 23 February 2012 - 11:37 AM
Market Outlook
We maintain a ‘Sell on Strength’ stance for the day as investors are likely to book profits. Though, we may see result driven activity in selective stocks like OGDC, NPL, JSCL and MLCF as their results are due to be announced today.
(AF)
=======================
Inching closer to 12,624 - Brace for impact!
he KSE100 moved well into the congestion zone led by OGDC amidst relatively flat market participation to close at 12,603.67 - up 59.22 points or 0.47%. Market participation clocked in at 194.11 million shares - relatively flat compared to the previous session. Upside is likely to face multiple resistance areas while testing 12,624 and 12,768.
OGDC (vwap - 166.44) rallied amidst expanding participation to close at 166.22. We had a buy call at 165.25. Set your stop loss at 163.25.
POL (vwap - 373.99) witnessed some profit taking albeit amidst thin market participation. Expect profit taking to continue around 375. For positions taken earlier keep your stop loss at 371.75.
NBP (vwap - 50.07) continues to face resistance on move past 50. For positions taken on close above 200 SMA shift your stop loss to 49.10.
PSO (vwap - 265.87) also witnessed some profit taking to close down 0.66%. For positions taken on move past 257.50 shift your stop loss to 263.
FFC (vwap - 184.93) came under selling pressure today and our stop loss at 184.75 got triggered. Wait for the formation to evolve further.
ATRL (vwap - 122.15) is still trading within a pennant. Wait for the formation to evolve further.
ENGRO (vwap -132.22) has begun consolidating at current levels. Buy on close above 135.50 (200 SMA).
DAWH (vwap - 38.21) is undergoing a test of trend line support at 37.25. Wait for the price action to rally past the resistance area.
DGKC (vwap - 26.34) witnessed profit taking amidst thin market participation. Wait for the formation to evolve further.
(BMA)
=======================
KSE-100: Rising within its channel; volatility likely to remain high
The index registered a higher high and a higher low while managing to close above its psychological resistance of 12,600 points.
The Stochastic Oscillator has shown improvement and has once again generated a buy signal while the RSI continues to rise and maintains its buy signal as well.
Volatility is likely to remain high with the overall trend remaining bullish as the index continues to rise within its upward channel.
(KASB)
=======================
Technical Spotlight
The KSE-100 Index is highly overbought. The market continued its positive momentum on Wednesday and recorded its ninth consective positive closing. However, it's also a multiple channel resistance. We advise to book profits at upper levels and move to the sidelines.
Pivot Point: 12,605.
Support: 12,543 and 12,483.
Resistance: 12,665 and 12,726.
Recommendation: We recommend investors to sell on strength and long positions should have strict stop below 12,483.
(Taurus)
We maintain a ‘Sell on Strength’ stance for the day as investors are likely to book profits. Though, we may see result driven activity in selective stocks like OGDC, NPL, JSCL and MLCF as their results are due to be announced today.
(AF)
=======================
Inching closer to 12,624 - Brace for impact!
he KSE100 moved well into the congestion zone led by OGDC amidst relatively flat market participation to close at 12,603.67 - up 59.22 points or 0.47%. Market participation clocked in at 194.11 million shares - relatively flat compared to the previous session. Upside is likely to face multiple resistance areas while testing 12,624 and 12,768.
OGDC (vwap - 166.44) rallied amidst expanding participation to close at 166.22. We had a buy call at 165.25. Set your stop loss at 163.25.
POL (vwap - 373.99) witnessed some profit taking albeit amidst thin market participation. Expect profit taking to continue around 375. For positions taken earlier keep your stop loss at 371.75.
NBP (vwap - 50.07) continues to face resistance on move past 50. For positions taken on close above 200 SMA shift your stop loss to 49.10.
PSO (vwap - 265.87) also witnessed some profit taking to close down 0.66%. For positions taken on move past 257.50 shift your stop loss to 263.
FFC (vwap - 184.93) came under selling pressure today and our stop loss at 184.75 got triggered. Wait for the formation to evolve further.
ATRL (vwap - 122.15) is still trading within a pennant. Wait for the formation to evolve further.
ENGRO (vwap -132.22) has begun consolidating at current levels. Buy on close above 135.50 (200 SMA).
DAWH (vwap - 38.21) is undergoing a test of trend line support at 37.25. Wait for the price action to rally past the resistance area.
DGKC (vwap - 26.34) witnessed profit taking amidst thin market participation. Wait for the formation to evolve further.
(BMA)
=======================
KSE-100: Rising within its channel; volatility likely to remain high
The index registered a higher high and a higher low while managing to close above its psychological resistance of 12,600 points.
The Stochastic Oscillator has shown improvement and has once again generated a buy signal while the RSI continues to rise and maintains its buy signal as well.
Volatility is likely to remain high with the overall trend remaining bullish as the index continues to rise within its upward channel.
(KASB)
=======================
Technical Spotlight
The KSE-100 Index is highly overbought. The market continued its positive momentum on Wednesday and recorded its ninth consective positive closing. However, it's also a multiple channel resistance. We advise to book profits at upper levels and move to the sidelines.
Pivot Point: 12,605.
Support: 12,543 and 12,483.
Resistance: 12,665 and 12,726.
Recommendation: We recommend investors to sell on strength and long positions should have strict stop below 12,483.
(Taurus)
Click Here For: "Daily Reports From Different Brokerage Houses"
