CelcomDigi Berhad (CDB): Stock Analysis and Market Overview

Price Movement: RM3.77 → RM3.92
Analyst: Lau Lai Yew, Securities Analyst

Following former U.S. President Donald Trump’s speech at the World Economic Forum, U.S. stocks saw an uptick. Trump announced plans to push OPEC+ to lower oil prices to ease inflationary pressures, while also supporting further interest rate cuts. This bolstered optimism on Wall Street, with the Dow Jones and S&P 500 indices rising by 0.92% and 0.53%, respectively, and the Nasdaq closing higher by 0.22%.

The rebound in U.S. markets spilled over to Asian markets. South Korea’s KOSPI rose 0.85%, while Hong Kong’s Hang Seng and China’s Shanghai Composite Index climbed by 1.86% and 0.70%, respectively. Conversely, Japan’s Nikkei saw a marginal decline of 0.07%.

FTSE Bursa Malaysia KLCI:

Closing Index: 1,573.73 points
Daily Change: -3.47 points (-0.22%)
Component Stocks Performance:
Gainers: 17
Decliners: 8
Unchanged: 5
The Malaysian market saw intensified profit-taking in data center-related stocks, with more losers (654) than gainers (314) overall.

Sectoral Performance:

Top Gainers:
Telecommunications & Media (+0.46%)
Finance (+0.18%)
Top Losers:
Utilities (-2.67%)
Construction (-2.02%)
Among telecommunications stocks, CelcomDigi Berhad (CDB, 6947) closed at RM3.77, up by 5 sen (+1.34%), while Maxis (6012) ended the day at RM3.58, up 3 sen (+0.85%).

Technical Analysis: CelcomDigi Berhad
Closing Price: RM3.77
52-Week Range: RM3.25 (low) – RM4.43 (high)
Day's Range: RM3.72 – RM3.77
PE Ratio: 26.8x
Dividend Yield: 3.75%
Volume: 2,010,500 trades
The daily chart shows CelcomDigi at the start of an upward trend, with a breakout pattern forming. The Relative Strength Index (RSI) is at 61.92, indicating a moderately strong momentum.

Short-Term Outlook:

Resistance Levels: RM3.88 – RM3.92
Support Levels: RM3.68 – RM3.72
Disclaimer:
This analysis is based on technical indicators and is for reference purposes only. It is not a recommendation to buy or sell. Please consult a licensed financial advisor before making any investment decisions.