Bursa Malaysia : KLCI Technical Analysis Outlook 24 Sept

Market Review for KLCI:
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 0.11 point easier on last-minute selling as investors took some profits off the table. It stood at 1,840.08, after moving between 1,838.67 and 1,844.77 throughout the day.

Some investors were in the midst of "spring cleaning", removing a few small- and mid-cap companies in their portfolios.

KLCI Day Performance
Open	1840.72
High	1844.67
Low	1838.67
Close	1840.08
Change(Points)	-0.11
% Change	-0.01%
Volume	2689.8M
Rise	427
Fall	371
Unch	1554

Market forecast for KLCI:
Market trend is still down and selling pressure seems to be higher.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1820	1805	1780	1854	1878	1895

Technical indicators: 
RSI stood below the centre line at 34.1555 with its CCI at -112.816. Difference line of MACD performed at -7.151 above its signal line which performed at -4.740.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
YTL	1.69	1.81	UEMS	1.8	-2.7
MISC	6.9	1.47	ASTRO	3.31	-1.19
BAT	69.8	1.19	GENTING	9.34	-0.85
HLFG	17.58	0.92	IOICORP	4.8	-0.83
RHBCAP	8.9	0.56	GENM	4.14	-0.48

Economic Factors:

• Malaysian rubber prices closed slightly lower today on mild selling.
• The ringgit closed higher against the US dollar today on renewed buying interests in most of the currencies of emerging Asia, including the ringgit.
• The government has decided to announce the findings of the Special Committee to Determine Cash Payments from Petroleum in the East Coast of Peninsular Malaysia to the rakyat.
• The Malaysian capital market is strong enough to weather the volatility as it has shown its resilience against the external hiccups.
• The Land Public Transport Commission (Spad) has withdrawn its notice of intention to suspend FM Global Logistics (M) Sdn Bhd's haulage licence.
• Malaysia Airports Holdings Bhd (MAHB) has a positive long term view despite the stock’s lacklustre performance for the past few months due to weak statistics and earnings.
• UEM Group Bhd is maintaining its property division UEM Sunrise Bhd's sales target of RM2 billion this year despite only achieving RM560 million sales as of August.
• Tenaga Nasional Bhd's shares rose 2.0 sen to RM12.30 as the market reacts positively to its venture in Bangladesh.
• Amanah Saham Nasional Bhd, a wholly owned subsidiary of Permodalan Nasional Bhd (PNB), today announced an income distribution of 6.6 sen per unit for Amanah Saham 1Malaysia (AS1M) for the financial year ending September 30, 2014.
• The general insurance industry, which recorded a steady growth in the first half of the year (1H14), is expected to continue its momentum in the year's second half driven by the motor insurance segment.