Malaysia Stock Market Review for KLCI 31 Dec

The FBM-KLCI was at 1,759.76 down 7.07 points. There were 391 gainers, 394 losers and 954 counters traded unchanged on the Bursa Malaysia. Share prices on Bursa Malaysia traded sideways at mid-morning today in the face of fading window dressing activities coupled with profit taking.
The FBM KLCI index lost 5.58 points or 0.32% on Wednesday. Finance Index fell 0.07% to 15704.35 points, Properties Index dropped 0.28% to 1285.67 points and Plantation Index rose 0.63% to 7887.23 points. Market traded within a range of 12.92 points between an intra-day high of 1768.85 and a low of 1755.93 during the session. Market ended in red after losing 5.58 points to 1761.25 on the last trading day of the year, amid fresh led as some regional peers are closed for New Year holidays. The performance of our benchmark index was bogged down by selling in heavyweight counters such as FGV and banking-linked stocks. Meanwhile, investors became more cautious on global economy outlook after the decline of Chinese factory gauge which sank to a 7 month low in December.

FBMKLCI Day Performance
Open: 1759.76
High: 1768.85
Low: 1755.93
Close: 1761.25
Change (in Points): -5.58
%Change: -0.32
Volume: 1355.4 M
Rise: 391
Fall: 394
Unch: 954
Market forecast for KLCI: The market trend is moving in sideways, resisting at 1769. It is now anticipated that after breaking previous low of 1753, will likely to move within range of 1747-1740.
Technical indicators: RSI stood below the center line at 50.846 with its CCI at 78.064. Difference line of MACD performed at -8.501 below its signal line which performed at -17.123.
KLCI LEVELS
Support 1: 1740
Support 2: 1720
Support 3: 1700
Resistance 1: 1769
Resistance 2: 1789
Resistance 3: 1810
ECONOMIC FACTORS:

•     Malaysia’s real gross domestic product (GDP) growth is likely to expand by 5.8 per cent year-on-year (y-o-y) in 2014 and 5% next year.
•     The government may introduce new measures next year to boost its coffers and improve expenditure to meet the 3.0 per cent fiscal deficit target for 2015.
•     Standard and Poor’s (S&P) expects the top 41 banks in the Asia-Pacific region, including three Malaysian banks, to enjoy stable prospects next year even as the slowdown in China remains a hot spot.
•     It’s been a rough year for Bursa Malaysia so far, but things fared better as we approach the second last week of the year. A host of factors, including a sharp sell down in the United States markets, siege in Sydney and the persistent downtrend in crude oil prices last week, hammered investor sentiment across Asia, and Bursa was equally affected.
•     Crude oil prices have dipped to the lowest level since the global crisis. The 50% slump in prices which set in since July was not seen in most of economic forecast reports as most of the noise was focused on locations like Iran, Iraq, Russia and Ukraine and sanctions.
•     The blue-chip benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gapped down and sold off to a fresh four-month low last week, depressed by heavy falls in emerging markets and oil prices that slumped to fresh five-year lows. Extreme oversold conditions then sparked a technical rebound mid-week as crude oil prices stabilized above a five-year low of US$53.60 (RM186.53) a barrel and the United States Federal Reserve signaled patience in keeping interest rates low.
•     Saudi Arabia’s oil minister defended the Organization of the Petroleum Exporting Countries (Opec) decision to keep output steady despite the biggest market slump in years yesterday, saying current prices would help global economic growth and petroleum demand, while Arab states would escape major damage.

Bursa Malaysia Stock Market Review for KLCI 30 Dec

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 0.93 of a point to 1,769.34 after opening 2.61 points lower at 1,765.8. Shares on Bursa Malaysia were almost flat in early morning trade today with year-end window dressing activities, interspersed with profit taking.

Index lost 1.58 points or 0.09% on Tuesday. Finance Index fell 0.04% to 15714.98 points, Properties Index dropped 0.45% to 1289.26 points and Plantation Index down 0.16% to 7838.12 points. Market traded within a range of 16.57 points between an intra-day high of 1770.52 and a low of 1753.95 during the session.

The day ended lower with the KLCI inched down 1.58 points at 1766.83, after being weighed down by blue chips, led by SapuraKencana and FGV. Meanwhile, market breadth was weaker, amid continuous concern over the decline in oil prices to the lowest level in more than five years coupled with political instability in Greece.

FBMKLCI Day Performance

Open: 1765.80

High: 1770.52

Low: 1753.95

Close: 1766.83

Change (in Points): -1.58

%Change: -0.09%

Volume: 1634.8M

Rise: 382

Fall: 402

Unch: 1827

Market forecast for KLCI: KLCI Trend is more in sideways, We are seeing light volume in Asian trading, oil prices have once again touched new lows over longer term concerns about US production levels. Investors winding down for the end of the year. Technically buyers & sellers challenge combined to form a Bearish Harami candlestick pattern which may reverse the trend.

Technical indicators: RSI stood below the center line at 52.629 with its CCI at 78.633. Difference line of MACD performed at -10.406 above its signal line which performed at -19.278.

KLCI LEVELS

Support 1: 1720

Support 2: 1700

Support 3: 1670

Resistance 1: 1748

Resistance 2: 1765

Resistance 3: 1790

ECONOMIC FACTORS:

• The shipping industry is expected to see further merger and acquisition (M&A) activities in 2015, particularly with owners who are generally trampers in nature and with smaller fleets.
• Asian markets slipped Tuesday following the previous day’s healthy gains, while the euro struggled against the dollar as Greece plunged back into crisis, rekindling fears of a possible exit from the euro zone.
• The ringgit extended yesterday losses to open lower against the US dollar this morning on continued selling .
• Bursa Malaysia posted its best weekly gain year-to-date last week, after its benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 2.8%.
• Solid Auto-motive Bhd’s net profit doubled to RM3.13 million in the Q2 ended October 31 from RM1.43 million a year ago on the back of lower finance costs. Its revenue surged 16.3% to RM36.4 million compared with RM31.31 million in the same period, driven by higher contribution from both domestic and export markets.
• Malaysian Industrial Development Finance Bhd (MIDF) is offering a special financing scheme worth up to RM100,000 each under the SME Emergency Fund (SMEEF) for the flood-affected small and medium entreprises (SMEs).
• The insurance industry is likely to be stable next year despite the uncertainties in the global economy affecting Malaysia.
• Gunung Capital Bhd’s unit, GPB Corp Sdn Bhd, has secured a RM165 million service contract from the Defence Ministry to provide transportation services for the National Service (NS) trainee programme.

Bursa Malaysia Stock Report & KLCI Technical Analysis 29th Dec

Market Review for KLCI:
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 8.34 points to 1,756.1 after opening 6.79 points lower at 1,757.65. After Mid session FBM KLCI gained 1.59 points to 1,766.03, after hovering between 1,753.97 and 1,766.14. Public Bank lost eight sen to RM18.38, while Sime Darby was flat at RM9.31. AirAsia lost 23 sen to RM2.71, AirAsia X declined 4.5 sen to 64 sen and Icon Offshore dropped one sen to 74.5 sen.
KLCI index gained 3.97 points or 0.23% on Monday. Finance Index increased 0.03% to 15720.65 points, Properties Index dropped 0.39% to 1295.11 points and Plantation Index rose 0.25% to 7850.71 points. Market traded within a range of 16.09 points between an intra-day high of 1770.06 and a low of 1753.97 during the session.
FBMKLCI Day Performance
Open: 1757.65
High: 1770.06
Low: 1753.97
Close: 1768.41
Change (in Points): 3.97
%Change: 1.64%
Volume: 1251.7M
Rise: 343
Fall: 376
Unch: 1892
Market forecast for KLCI:
KLCI Trend is up, we may expect it continue the bullish trend. United States 3Q gross domestic product that grew by 5%, helped by consumer spending and business investments, could support Asian stock markets, including Bursa Malaysia.
Technical indicators:
RSI stood below the center line at 53.119 with its CCI at 72.434. Difference line of MACD performed at -13.254 above its signal line which performed at -21.496.
KLCI LEVELS
Support 1: 1720
Support 2: 1700
Support 3: 1670
Resistance 1: 1748
Resistance 2: 1765
Resistance 3: 1790
ECONOMIC FACTORS:

• Shares in AirAsia fell 11.6% after one of its aircraft went missing in bad weather on Sunday on its way to Singapore from the Indonesian city of Surabaya.
  
• The number of companies registered for the Goods and Services Tax (GST) stood at 265,162 as of yesterday, and an increase of 1,720 from Saturday, said the Royal Malaysian Customs Department. The Malaysian Muslim Wholesalers and Retailers Association (Mawar) has asked the government to exempt small timers from the Goods and Service Tax (GST) and impose it only on importers, manufacturers and distributors.
  
• The ringgit opened lower against the US dollar today week on mild profit-taking after closing higher on Friday.
  
• Japan’s cabinet approved US$29 billion (RM101 billion) in fresh stimulus on Saturday for the ailing economy, pledging to get growth back on track and restore the precarious public finances.
  
• Hong Kong’s new home sales are expected to bring record proceeds this year as property developers actively sell new residential projects to raise cash for land.
  
• Gunung Capital Bhd’s unit GPB Corporation Sdn Bhd has secured a RM165 million service contract from the Defense Ministry to provide transportation services for the National Service (NS) trainee program.
  
• The FTSE Bursa Malaysia KLCI futures (FKLI) contracts on Bursa Malaysia Derivatives opened higher with two contract months traded.
  
• Jiankun International Bhd has been appointed as a project management services consultant for a development project in Sepang for fees of RM1 million.

Malaysia KLCI Technical Analysis 22 Dec

Market Review for KLCI:
The FBM-KLCI was at 1,742.90 up 26.91 points. There were 572 gainers, 203 losers and 214 counters traded unchanged on the Bursa Malaysia.

FBM KLCI Day Performance

Open: 1723.87                                

High: 1746.39                         

Low: 1722.67                       

Close: 1744.05

 Change (in Points): 28.06           

%Change: 1.64%                    

Volume: 1584.1M Rise: 695                                        

Fall: 203                                  

 Unch: 1703

 Market forecast for KLCI:

 Market may rebound this week as MACD showing cross over.

 Technical indicators:

 RSI stood below the center line at 46.634 with its CCI at -30.762. Difference line of MACD performed at -27.764 below its signal line which performed at -26.911.

 KLCI LEVELS

 Support 1: 1720                  

Support 2: 1700                   

Support 3: 1670

 Resistance 1: 1748           

Resistance 2: 1765            

Resistance 3: 1790

 ECONOMIC FACTORS:

• Malaysia’s real gross domestic product (GDP) growth is likely to expand by 5.8 per cent year-on-year (y-o-y) in 2014 and 5% next year.
• The government may introduce new measures next year to boost its coffers and improve expenditure to meet the 3.0 per cent fiscal deficit target for 2015.
• Standard and Poor’s (S&P) expects the top 41 banks in the Asia-Pacific region, including three Malaysian banks, to enjoy stable prospects next year even as the slowdown in China remains a hot spot.
• It’s been a rough year for Bursa Malaysia so far, but things fared better as we approach the second last week of the year. A host of factors, including a sharp sell down in the United States markets, siege in Sydney and the persistent downtrend in crude oil prices last week, hammered investor sentiment across Asia, and Bursa was equally affected.
• Crude oil prices have dipped to the lowest level since the global crisis. The 50% slump in prices which set in since July was not seen in most of economic forecast reports as most of the noise was focused on locations like Iran, Iraq, Russia and Ukraine and sanctions.
• The blue-chip benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gapped down and sold off to a fresh four-month low last week, depressed by heavy falls in emerging markets and oil prices that slumped to fresh five-year lows. Extreme oversold conditions then sparked a technical rebound mid-week as crude oil prices stabilized above a five-year low of US$53.60 (RM186.53) a barrel and the United States Federal Reserve signaled patience in keeping interest rates low.
• Saudi Arabia’s oil minister defended the Organization of the Petroleum Exporting Countries (Opec) decision to keep output steady despite the biggest market slump in years yesterday, saying current prices would help global economic growth and petroleum demand, while Arab states would escape major damage.

Bursa Malysia- Weekly Technical view on KLCI: 15-19 Dec

Weekly wrap of KLCI:

In the beginning of the week market lost almost 60 points, which has been recovered in the remaining trading days of the week.

The FBM KLCI index gained 16.04 points or 0.94% on Friday. Finance Index increased 0.95% to 15273.77 points, Properties Index up 2.06% to 1284.23 points and Plantation Index rose 0.66% to 7477.66 points. Market traded within a range of 14.31 points between an intra-day high of 1720.78 and a low of 1706.47 during the session.

The KLCI jumped 16.04 points to end the last trading day of the week at 1715.99, tracking the overnight surge in Wall Street following the US Federal Reserve’s upbeat assessment of the US economy and promise to take a “patient” approach toward raising interest rates. The bullish trend in our benchmark index is supported by buying in heavyweight counters such as Astro, Petronas-linked counters and Tenaga.

KLCI Weekly Wrap

Open: 1706.47  

High: 1720.78  

Low: 1706.47 

 Close: 1715.99

Change (in Points): -17.0  

%Change: -0.98%

Market Forecast for week ahead:

Market has formed a long legged Dogi this week, which is showing indecision moreover prices has been pulled up, so it is anticipated that market could be bullish by the year ending.

Technical indicators:

RSI for this week is 28.616 with CCI at -250.071. Besides, difference line of MACD (26.454) stood below its signal line (13.727).

Weekly Technical view on KLCI

Support 1: 1742  

Support 2: 1717  

Support 3: 1685

Resistance 1: 1789  

Resistance 2: 1805  

Resistance 3: 1825

ECONOMIC FACTORS:

• INDICES OPENING: FBMKLCI: 1,706.47 (+ 6.52), INDUSTRIAL: 3,082.47 (+ 3.03), CONSUMER PRODUCT: 542.94 (+ 2.13), INDUSTRIAL PRODUCT: 122.50 (+ 0.57), CONSTRUCTION: 271.40 (+ 0.53), TRADING SERVICES: 225.06 (+ 1.26), FINANCE: 15,248.85 (+119.46), PROPERTIES: 1,270.07 (+ 11.73), PLANTATIONS: 7,490.34 (+ 61.45), MINING: 506.61 ( unch), TECHNOLOGY: 16.49 (+ 0.24).
• The ringgit opened lower today against the US dollar and mixed against other major currencies. The ringgit was quoted at 3.4720/4750 against the US dollar from 3.4620/4650 recorded at 5 pm yesterday.
• Bursa Malaysia’s bearish mood was lifted yesterday, with the benchmark index gaining nearly 20 points after the United States central bank announced a “patient” stance on rate hike.
• The United States Federal Reserve made no changes to its monetary policy yesterday, saying it can remain “patient” before moving to raise interest rates and normalizing its easy-money stance, it would begin raising interest rates only in the middle of next year, downplaying thoughts that it might come earlier than that because of the strength of the US economy.
• IOI Properties Group Bhd is confident its plan to buy a 37.17 per cent stake in Taipei Financial Centre Corp (TFCC) for RM2.74 billion will get the nod from the Taiwanese government as it does not have China-related participation.
• Leisure and hospitality-based Only World Group Holdings Bhd (OWG) closed at a slight premium of 3.5 sen over its 88 sen offer price following its debut on Bursa Malaysia yesterday. The stock opened flat at 88 sen with its first traded volume standing at 1.94 million shares, before closing at 91.5 sen. OWG’s initial public offering (IPO) entailed a public issue of 56.41 million new shares.
• 6% Goods and Services Tax (GST) will not have any material impact on Malaysian real estate investment trusts (REITs).
• Shares of Genting Malaysia fell nearly three per cent yesterday after its unit, RW Orange Country LCC, failed to win a casino licence in New York.
• The physical price of gold stood at RM129.69 per gramme, up 25 sen from RM129.44 at 5pm yesterday.
• Tenanga Nasional Bhd (TNB) is assessing the impact of the falling ringgit and global oil prices on its operations and finances as it finalises its first-quarter results.
• The retail price of RON95 petrol and diesel may go below RM2 a litre from Jan 1, if global oil prices continue the downtrend.

Bursa Malaysia Stock Market Updates : KLCI Technical Analysis 18th Dec

Market Review for KLCI:
Shares on Bursa Malaysia opened higher lifted by buying support in selected blue chips.

The FBM KLCI index gained 18.05 points or 1.07% on Thursday. Finance Index increased 0.98% to 15129.39 points, Properties Index up 1.43% to 1258.34 points and Plantation Index rose 0.40% to 7428.89 points. Market traded within a range of 16.85 points between an intra-day high of 1704.85 and a low of 1688.00 during the session.

The KLCI rose to close at 1699.95 points today amid the higher overnight close at Wall Street after US stocks recorded its strongest session for this year. Meanwhile, Federal Reserve signals no hurry to raise interest rate which indicates the confidence in US economy.

KLCI Day Performance
Open	1688.03	% Change	1.07%
High	1704.85	Volume	1907.1M
Low	1688.00	Rise	761
Close	1699.95	Fall	180
Change(Points)	18.05	Unch	1650

Market forecast for KLCI:
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,690.85, up 8.95 points, after opening 6.13 points higher at 1,688.03. For now, the immediate resistance level is seen at 1,695 points. If a decisive breakout arises, we anticipate the next resistance level at 1,725 points.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1740	1720	1700	1790	1805	1822

Technical indicators:RSI stood below the center line at 33.392 with its CCI at -104.697. Difference line of MACD performed at -33.170 below its signal line which performed at -25.473.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
HLFG.KL	16.7	5.56	GENM.KL	3.95	-2.95
PCHEM.KL	5.1	3.45	BAT.KL	62.9	-1.38
MAXIS.KL	6.64	3.11	KLK.KL	19.9	-1
PETDAG.KL	16.6	3.11	PBBANK.KL	17.5	-0.68
SIME.KL	9.08	2.95	UMW.KL	10.34	-0.58

Economic Factors:

• Inflation moved up slightly in November mostly due to alcohol and tobacco following the hike in excise duties. The Consumer Price Index posted a 3.0 per cent per cent year-on-year growth from 2.8 per cent in October.
• FBMKLCI:1,698.57(+16.67),INDUSTRIAL:3,068.49(+24.54),CONSUMER PRODUCT: 540.68 (+ 4.02), INDUSTRIAL PRODUCT: 121.85 (+ 1.67), CONSTRUCTION: 270.00 (+ 3.85), TRADING SERVICES: 222.85 (+ 2.97), FINANCE: 15,092.91 (+110.43), PROPERTIES: 1,258.68 (+ 18.06), PLANTATIONS: 7,494.75 (+ 95.09), MINING: 498.50 (+ 8.11) and TECHNOLOGY: 16.25 (+ 0.59).
• Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s intervention to absorb excess liquidity from the financial system.
• Physical price of gold stood at RM 129.05 per gramme, down 91 sen from RM 129.96 yesterday.
• The ringgit opened broadly higher against the US dollar and appreciated against other major currencies.
• The bearish mood in Bursa Malaysia, which has tumbled to its lowest levels in a year, will prevail as long as crude oil prices are unstable. The blue chips could see positive movements before the year ends as they are now trading at attractive levels, driven by window-dressing activities.
• Petra Energy Bhd (PEB), which provides brown field services for the upstream oil and gas (O&G) industry, is selling its entire 51% stake in Bumi Subsea Sdn Bhd for RM430,912. PEB initially bought the 51% stake on August 27 last year for RM340,000. At the time, it said the acquisition would enable the group to “benefit from the underwater inspection, maintenance and repair segment of the oil and gas industry”.
• Kossan Rubber Industries Bhd’s wholly-owned subsidiary Ideal Quality Sdn Bhd has bought a 5.3ha vacant freehold industrial land in Kapar, Klang, for RM39 million. In a statement yesterday, the rubber glove maker said the land is for the expansion of its gloves division. Kossan currently has four manufacturing plants producing five billion pieces of gloves per annum at its current 10.11ha site. All the plants are running at full capacities.
• AirAsia Bhd will deliver solid earnings from the second quarter of next year as the benefit of lower fuel price trickles in.
• SP Setia reported fourth quarter earnings of RM131 million, a 27 per cent increase quarter-on-quarter and a three per cent rise year-on-year, taking its 2014 financial year earnings to RM406 million.
• CORE Gulf Organisation of the Petroleum Exporting Countries (Opec) producers signalled this week they are prepared to wait as long as six months to a year to see the market stabilise, quashing hopes for any quick intervention to stop the price rout that took crude to under US$60 (RM209.40) per barrel.
• Airlines around the world are poised for a US$12 billion (RM41.84 billion) windfall as the global oil crash cuts bills for jet fuel, the biggest expense in an industry that was battered by surging commodity prices last decade.

KLCI Technical Analysis Report 17th Dec

Market Review for KLCI:
The benchmark FTSE KLCI opened mixed today near to the yesterday’s close. In mid morning, buying pressure is seen in most of the stocks through buying support for blue chips and selected heavyweights.

KLCI Day Performance
Open	1673.04	% Change	0.48%
High	1691.99	Volume	1943.6M
Low	1671.82	Rise	648
Close	1681.90	Fall	257
Change(Points)	7.96	Unch	1677

Market forecast for KLCI:
Market signalized to reverse its trend by taking support at 1680.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1740	1720	1700	1790	1805	1820

Technical indicators:RSI stood below the center line at 26.811 with its CCI at -139.75. Difference line of MACD performed at -33.063 below its signal line which performed at -23.549.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
UEMS	1.46	6.57	TM	6.45	-2.27
SKPETRO	2.2	5.77	MAXIS	6.44	-1.98
PCHEM	4.93	3.57	HLFG	15.82	-1.86
GENM	4.07	2.78	BAT	63.78	-1.51
ASTRO	2.92	2.46	AXIATA	6.8	-0.29

Economic Factors:

• The World Bank has projected Malaysia’s economy to grow by 5.7 per cent in 2014 and 4.7 per cent in 2015. Growth will be underpinned by robust domestic growth, against a less favorable external outlook.
• RHB Research expects another challenging year next year for banks amid a softer macro backdrop, tighter liquidity and rising concerns over assets quality. Retaining its ‘neutral’ call on the banking sector, RHB Research said the majority of the headwinds would be largely similar to those seen this year, although the macro backdrop has turned more volatile.
• The ringgit opened slightly lower against the US dollar and mostly easier against other major currencies.
• Weak global demand, oil price slump hit rubber prices, Natural rubber prices, which are already at five-year lows, are expected to weaken further in the near term, dragged down by poor global demand and falling oil prices.
• Gold futures contracts on Bursa Malaysia Derivatives continued downtrend for the second consecutive day, tracking overnight losses on the US Commodity Exchange’s (Comex) gold futures.
• Gamuda Bhd posted a net profit of RM185.84 million in its first quarter ended October 31 2014, up 12.3 per cent from RM165.48 million a year ago. Revenue rose to RM569.64 million from RM486.12 million previously. Gamuda attributed the rise to higher contributions from its property, water and expressway concession divisions. The higher revenue was due to stronger contributions from its expressways.
• Top Glove Corp Bhd’s net profit fell three per cent to RM48.68 million in the first quarter ended November 30 from RM50.27 million in the same period a year ago due to costlier fuel and knock-on inflationary impact.

Malaysia Stock Market : KLCI Signals and Technical Analysis 16th Dec

Market Review for KLCI:
Share prices on Bursa Malaysia ended lower today on selling pressure, sparked by the continuous fall in oil prices, reduced demand and slower global growth. West Texas Intermediate fell below US$55 a barrel while Brent crude oil dropped to below US$60 per barrel.

The share prices retreated as investors remained on the sidelines following news that the US Federal Reserve will start its two-day monetary policy review today.

KLCI Day Performance
Open	1688.74	% Change	-1.38%
High	1693.91	Volume	1638.1M
Low	1673.94	Rise	296
Close	1673.94	Fall	572
Change(Points)	-23.37	Unch	1706

Market forecast for KLCI:
Market may remain bearish till 1660.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1740	1720	1700	1790	1808	1802

Technical indicators:RSI stood below the center line at 23.725 with its CCI at -159.791. Difference line of MACD performed at -30.607 below its signal line which performed at -21.171.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
PCHEM	4.76	1.49	IOICORP	4.36	-6.03
MAXIS	6.57	1.08	RHBCAP	7.08	-4.97
YTL	1.58	0.64	MAYBANK	8.29	-3.6
AMBANK	6.2	0.16	GENM	3.96	-3.41
HLBANK	13.92	-0.43	BAT	64.76	-2.94

Economic Factors:

• The ringgit opened flat against the US dollar on lack of catalysts. Remained unchanged at yesterday’s 3.4950/4980. It was traded mixed against other major currencies.
• Bursa Malaysia was hit hard by foreign selling yesterday amid global growth woes, with its 30-stock benchmark index dipping below the key psychological level of 1,700 points.
• Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s intervention to absorb excess liquidity from the financial system.
• Gold futures contract on Bursa Malaysia Derivatives was lower in early trading session with five contract months traded.
• The FTSE Bursa Malaysia KLCI futures (FKLI) contract on Bursa Malaysia Derivatives opened lower today with three contract months traded.
• Brent crude oil hit a fresh five-year low close to US$60 a barrel yesterday after producer group OPEC restated its determination not to cut output despite a global fuel glut, but the North Sea benchmark later rallied to above US$62.
• Gold futures contracts on Bursa Malaysia Derivatives closed lower yesterday impacted by the weakening of the ringgit against the US dollar.
• The Malaysian rubber market closed higher yesterday due to the weakening ringgit coupled with uptrend in the regional futures market.
• Crude palm oil (CPO) futures prices ended lower yesterday on the back of negative sentiment in the crude oil market.

Bursa Malaysia : KLCI Technical Analysis Outlook 11th Dec

Market Review for KLCI:
The FBM KLCI lost 20.95 points or 1.19% on Thursday. Finance Index fell 0.78% to 15494.4 points, Properties Index dropped 1.48% to 1298.63 points and Plantation Index down 1.70% to 7815.21 points. Market traded within a range of 14.84 points between an intra-day high of 1757.19 and a low of 1742.35 during the session.

The KLCI closed lower at 1744.57 points after the surge on yesterday, as investors were taking profit. The lacklustre performance of our local bourse was in line with Asian and U.S. markets, following price of crude fell to a new five-year low and the Organization of Petroleum Exporting Countries cut its demand outlook for next year. Meanwhile, E.A. Technique made an unimpressive debut on Bursa Malaysia by losing 25.38% at the closing bell.

KLCI Day Performance
Open	1748.17	% Change	-1.19%
High	1757.19	Volume	1226.9M
Low	1742.35	Rise	178
Close	1744.57	Fall	626
Change(Points)	-20.95	Unch	1769

Market forecast for KLCI:
Asian stock markets were back in the red on news that oil prices are expected to decline further. The price of the commodity would slump to US$50 per barrel over the next few months and this dragged down the global markets.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1740	1720	1700	1790	1805	1822

Technical indicators:RSI stood below the center line at 35.253 with its CCI at -94.347. Difference line of MACD performed at -21.317 below its signal line which performed at -15.547.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
MISC	7.23	2.99	PETDAG	16.7	-5.76
AXIATA	6.98	0.87	UEMS	1.52	-4.4
ASTRO	3.33	0.3	FGV	2.75	-3.85
RHBCAP	7.59	-0.13	PCHEM	5.07	-3.43
UMW	10.8	-0.18	MAXIS	6.65	-3.34

Economic Factors:

• Malaysia continues to be a key growth market for 3M, in line with the country’s position as an advanced developing nation and one of Asean’s leading economies.
• Eco World Development Group Bhd is one of the top picks in the property sector, scoring with RM3.2 billion sales.
• Malaysia’s Industrial Production Index (IPI) increased 5.0 per cent in October 2014 compared with the same month in the previous year.
• Total approved manufacturing investments in the third quarter slowed to 27.5 per cent, year-on-year, (y-o-y) to RM16.1 billion, after growing at a sharp pace of 182.1 per cent to RM30.3 billion in the second quarter.