Market
Review for KLCI:
The FBM KLCI index lost 3.52 points or 0.19% on Wednesday. The Finance Index fell 0.22% to 17251.07 points, the Properties Index dropped 0.31% to 1489.62 points and the Plantation Index down 0.97% to 8371.05 points. The market traded within a range of 4.69 points between an intra-day high of 1845.74 and a low of 1841.05 during the session. The day ended with the KLCI closing lower at 1843.78 points despite of positive overnight performance by Wall Street. Market sentiment was muted due to lack of fresh catalyst and local investors await the BNM policy decision for market clues.
Market forecast for KLCI:
Market may rebound as trend is still down but selling pressure seems to be lower.
Technical indicators:
RSI stood below the centre line at 34.068 with its CCI at -258.262. Difference line of MACD performed at -4.062 above its signal line which performed at -2382.
Economic Factors:
The FBM KLCI index lost 3.52 points or 0.19% on Wednesday. The Finance Index fell 0.22% to 17251.07 points, the Properties Index dropped 0.31% to 1489.62 points and the Plantation Index down 0.97% to 8371.05 points. The market traded within a range of 4.69 points between an intra-day high of 1845.74 and a low of 1841.05 during the session. The day ended with the KLCI closing lower at 1843.78 points despite of positive overnight performance by Wall Street. Market sentiment was muted due to lack of fresh catalyst and local investors await the BNM policy decision for market clues.
KLCI
Day Performance
|
|
| Open |
1841.33
|
| High |
1845.74
|
| Low |
1841.05
|
| Close |
1843.78
|
| Change(Points) |
-3.52
|
| % Change |
-0.19%
|
| Volume |
527.7M
|
| Rise |
174
|
| Fall |
258
|
| Unch |
1910
|
Market may rebound as trend is still down but selling pressure seems to be lower.
KLCI
LEVELS
|
|||||
| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 1836 | 1820 | 1806 | 1859 | 1880 | 1894 |
RSI stood below the centre line at 34.068 with its CCI at -258.262. Difference line of MACD performed at -4.062 above its signal line which performed at -2382.
Top
Gainers
|
Top
Losers
|
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| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| ASTRO | 3.32 | 2.15 | UEMS | 1.86 | -2.62 |
| MISC | 6.89 | 1.47 | GENM | 4.24 | -2.53 |
| SIME | 9.22 | 0.77 | FGV | 3.57 | -2.19 |
| BAT | 71.2 | 0.56 | HLFG | 17.42 | -1.69 |
| MAYBANK | 9.97 | 0.5 | RHBCAP | 8.97 | -1.64 |
- The ringgit closed higher against the US dollar today as investors shifted their interest to the local note.
- Malaysian rubber prices closed mostly higher today, lifted by foreign buying following the weakening of the ringgit.
- The current account surplus and its ample domestic liquidity serve as “buffers” to potential external financial shocks to Malaysia. While the foreign share in domestic government bond markets continues to rise, the potential for interest rate volatility in the event of an outflow is mitigated by the presence of large domestic institutional investors.
- The National Information and Communications Technology (ICT) Association of Malaysia (Pikom) is proposing to the government to exempt ICT products from the Goods and Services Tax (GST).
- Malaysia and Indonesia, the world's major producers of vegetable oil, are eyeing India's US$10 billion market.
- Genting Malaysia Bhd, a unit of Southeast Asia’s largest casino operator by market value, plans to raise RM1.5 billion (US$466 million) in its debut bond sale.
- The Consumer Price Index (CPI) increased 3.3 per cent to 110.5 in August 2014 compared with 107.0 recorded in the same month last year.
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