Bursa Malaysia- Weekly Technical Analysis for KLCI

Weekly wrap of KLCI:

The FBM KLCI index gained 12.37 points or 0.67% on Friday. Finance Index increased 0.21% to 16826.53 points, Properties Index up 0.84% to 1461.73 points and Plantation Index rose 0.46% to 8553.85 points. Market traded within a range of 12.98 points between an intra-day high of 1855.15 and a low of 1842.17 during the session.

FBMKLCI WEEK’s Performance
Open	1844.59
High	1855.15
Low	1842.17
Close	1855.15
Change (Points)	36.29
% Change	1.99%

KLCI ended the week on a positive note, closed higher at 1855.15 points amid the overnight gains in US markets. Market sentiment was lifted by the better-than-expected US economic data, the unexpectedly increase of Bank of Japan’s target for monetary stimulus, and the positive news from Germany where the unemployment rate fell the most in six months.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1813	1796	1766	1860	1880	1895

Market Forecast for week ahead:

Market stood near to the next resistance level 1860, it may perform well next week.

Technical indicators:

RSI for this week is 52.396 with CCI at -46.949. Besides, difference line of MACD (6.653) stood below its signal line (1.350).

ECONOMIC FACTORS:

• Public Mutual Bhd, a wholly-owned unit of Public Bank Bhd, has declared distributions totalling over RM312 million for nine of its funds.
• Malaysia's domestic Producer Price Index (PPI) for September rose 0.6 per cent to 126.2 from 125.5 in the same month last year.
• Faber Group Bhd is set to become one of the region's largest asset development and asset management players following the completion of a RM1.15 billion merger with Opus Group Bhd (Opus) and Projek Penyelenggaraan Lebuhraya Bhd (Propel).
• Share prices on Bursa Malaysia finished the morning session higher Friday, lifted by gains in consumer-linked stocks. 

Sector Allocation Chart

SECTOR	CHANGE	%CHANGE	HIGH	LOW
INDUSTRIAL	51.2	1.59	3,279.40	3,227.78
PLANTATION	38.78	0.46	8,564.19	8,488.28
FINANCE	35.26	0.21	16,838.48	16,754.28
PROPERTIES	12.22	0.84	1,461.73	1,450.81
CONSUMER	5.19	0.89	589.62	585.15
CONSTRUCTN	3.93	1.29	308.93	303.75
TRAD/SERV	1.91	0.79	242.88	240.88

Bursa Malaysia: KLCI Technical Analysis 30 Oct

Market Review for KLCI:
The FBM KLCI index gained 3.23 points or 0.18% on Thursday. Finance Index increased 0.20% to 16791.27 points, Properties Index up 0.66% to 1449.51 points and Plantation Index rose 0.58% to 8515.07 points. Market traded within a range of 5.85 points between an intra-day high of 1843.89 and a low of 1838.04 during the session.

The day ended with the KLCI closing higher at 1842.78 points. Meanwhile, regional investor sentiment was lifted following the declaration from Federal Reserve to maintain low interest rates, amid concerns over slowdown economic growth in Euro zone.

KLCI Day Performance
Open	1839.31
High	1843.89
Low	1838.04
Close	1842.78
Change(Points)	3.23
% Change	0.18%
Volume	1876.3M
Rise	509
Fall	339
Unch	832

Market forecast for KLCI:
Market is anticipated to be remain in buying teritorry following the uptrend.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1825	1813	1796	1853	1871	1890

Technical indicators:RSI stood below the center line at 93.97 with its CCI at 58.528. Difference line of MACD performed at -3.710 below its signal line which performed at -10.143.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
FGV	3.67	2.8	ASTRO	3.27	-2.1
UEMS	1.84	2.22	KLK	22.98	-1.96
TM	7.2	2.13	GENM	4.19	-1.18
PPB	15.62	2.09	RHBCAP	8.77	-0.9
GENTING	9.66	1.15	YTL	1.65	-0.6

Economic Factors:

• Timber and precast concrete company Leweko Resources Bhd proposes to diversify into property development via a joint venture with Kampung Kenayat Sdn Bhd to develop a RM350 million gross development value leasehold mixed development in Kinta,
• IOI Corp Bhd, which foresees crude palm oil (CPO) prices improving following the announcement of the nationwide implementation of the B7 biodiesel, expects CPO prices to hover in at RM2,300 to RM2,600 per tonne by the first half of 2015.
• Hong Leong Investment Bank (HLIB) Research opined that the planned B7 Biodiesel programme is not expected to boost crude palm oil (CPO) price significantly mainly due to CPO's narrow discount against soy oil and the economic viability of voluntary biodiesel demand given the current low crude oil price.
• Plenitude Bhd did not raise dividend payments for its financial year ended June 30, 2014 (FY14) despite achieving higher net profit as part of a "prudent" decision to strengthen its cash position in the midst of a softening market, said its executive chairman Chua Elsie.
• Protasco Bhd saw its share price drop 4.38% following a counter-suit filed by substantial shareholder Tey Por Yee against the company's senior management.

KLCI Summary & Malaysia Stock Market Outlook 29 Oct

Market Review for KLCI:
The FBM KLCI index gained 13.87 points or 0.76% on Wednesday. Finance Index increased 0.80% to 16758.17 points, Properties Index up 0.82% to 1440.05 points and Plantation Index rose 1.90% to 8465.89 points. Market traded within a range of 13.82 points between an intra-day high of 1839.55 and a low of 1825.73 during the session.

KLCI jumped by 13.87 points to end at 1839.55 points, buoyed by positive external news flow as US consumer confident increased, investors anticipated the end of the Federal Reserve's bond buying and slightly improved Euro zone economy. The performance of our benchmark index was lifted by gains in banking stocks such as CIMB, Hong Leong Financial and RHB Capital.

KLCI Day Performance
Open	1826.55
High	1839.55
Low	1825.73
Close	1839.55
Change(Points)	13.87
% Change	0.76%
Volume	2014.8M
Rise	586
Fall	232
Unch	843

Market forecast for KLCI:
KLCI has crossed the resistance 1835 and it is expected to maintain an uptrend for the week.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1813	1796	1780	1835	1853	1871

Technical indicators:RSI stood below the center line at 57.308 with its CCI at 67.242. Difference line of MACD performed at -6.261 below its signal line which performed at -11.751.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
KLK	23.44	4.36	MISC	6.72	-2.61
CIMB	6.43	3.71	UEMS	1.8	-0.55
PPB	15.3	3.66	UMW	11.66	-0.17
FGV	3.57	2.59	AXIATA	7.08	-0.14
YTL	1.66	2.47	PBBANK	18.58	0.11

Economic Factors:

• The ringgit ended slightly higher for the third consecutive day against the US dollar today, in line with most emerging Asian currencies.
• Panasonic Malaysia Sdn Bhd is eyeing a 110 per cent growth in sales in 2015 with a total turnover of RM253 million, driven by the introduction of 11 new refrigerators and six washing machines under its Econavi cluster.
• Perdana Petroleum Bhd's unit Perdana Neptune Ltd has disposed of one unit of offshore support vessel for RM93.5 million to Hauston Ltd, a company incorporated in the British Virgin Islands.
• CIMB Group Holdings Bhd's shares have risen 2.41 per cent or 15 sen so far, as the market sees value emerging from its current price.
• Malaysia expects its exports to Uzbekistan to rise by 10 per cent next year, on the back of the Central Asian republic's growing industrial output, agricultural production, trade turnover and investment volumes.
• IOI Corp Bhd, a fully-integrated upstream and downstream player in the palm oil industry, foresees the crude palm oil (CPO) price increasing in the first quarter of next year to between the RM2,300 and RM2,600 levels.

Bursa Malaysia: Stock Market Review for KLCI 27 Oct

Market Review for KLCI:
The FBM KLCI index gained 4.29 points or 0.24% on Monday. Finance Index fell 0.31% to 16620.85 points, Properties Index up 0.91% to 1437.35 points and Plantation Index rose 2.13% to 8317.35 points. Market traded within a range of 9.02 points between an intra-day high of 1824.37 and a low of 1815.35 during the session.

KLCI ended 4.29 points higher at 1823.15 on the first trading day of the week, taking cue from last Friday’s gains in Wall Street as positive earnings and economic data from the US manage to ease investors concern on recent global growth fears. The performance of our benchmark index was supported by gains in plantation counters such as FGV and KLK.

KLCI Day Performance
Open	1821.82
High	1824.37
Low	1815.35
Close	1823.15
Change(Points)	4.29
% Change	0.24%
Volume	2293.0M
Rise	633
Fall	230
Unch	796

Market forecast for KLCI:
Market is expected to maintain an uptrend for the week.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1813	1796	1780	1835	1853	1871

Technical indicators:RSI stood below the center line at 50.524 with its CCI at 11.668. Difference line of MACD performed at -11.170 below its signal line which performed at -14.130.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
FGV	3.49	7.38	CIMB	6.17	-1.91
KLK	21.98	4.27	SKPETRO	3.54	-1.67
MAXIS	6.68	2.3	PETGAS	21.9	-1.35
BAT	69.9	2.1	SIME	9.4	-0.84
UEMS	1.87	1.63	UMW	11.66	-0.34

Economic Factors:

• The fuel subsidy rationalization scheme to be implemented next year will be divided into three tiers depending on the monthly income.
• Malaysia's largest Islamic cooperative bank, Bank Rakyat expects its profit before tax and zakat (PBTZ) to hit RM2.2 billion for financial year 2014 (FY14), despite the competitive environment.
• BIMB Holdings Bhd (BHB), which owns Bank Islam Bhd, is still keen to acquire a stake or even have a management control in Bank Syariah Indonesia as part of its expansion plan.
• Malaysia Airports Holdings Bhd's (MAHB) shares increased 3.68 per cent, or 26 sen, at mid-day today as market players were upbeat on the airport operator's acquisition of the Istanbul Sabiha Gokcen Airport (ISG).
• OCK Group Bhd, Malaysia's leading telecommunications network services provider, has received approval from the respective authorities for the group's proposed transfer from the Ace Market to the Main Market of Bursa Malaysia Securities Bhd.
• Malaysia has joined 20 proposed founding member countries to set up the Asian Infrastructure Investment Bank (AIIB).
• MAHB may depend purely on a cash call to fund the 40% acquisition of Istanbul Sabiha Gokcen (ISG) in a bid to keep the AAA rating on its debt notes.
• Sime Darby Bhd, which in the midst of talking to investment bankers to list its motor division in Malaysia, is considering listing or spinning off its Indonesian plantation assets in Indonesia next.
• Leisure and hospitality-based Only World Group Holdings Bhd (OWG), which is en route to listing its shares on the Main Market of Bursa Malaysia, expects to raise some RM50 million from its initial public offering (IPO).
• Malaysia’s 10-year government bonds recorded their first weekly decline in six, halting the longest run of gains since they were issued in January, as an improved global growth outlook reduced the allure of debt.
• BURSA Malaysia shares reversed some of the previous week’s sell-off to a 12-month low last week, aided by regional strength that is backed by strong US consumer sentiment numbers and corporate earnings.

Malaysia Stocks : KLCI Technical Analysis Outlook 15th Oct

Market Review for KLCI:
The FBM KLCI index lost 9.54 points or 0.53% on Wednesday. Finance Index fell 0.95% to 16490.01 points, Properties Index dropped 0.86% to 1385 points and Plantation Index down 0.74% to 7943.12 points. Market traded within a range of 14.34 points between an intra-day high of 1801.12 and a low of 1786.78 during the session.

It ended with the FBM KLCI closing 9.54 points lower at 1786.84 despite the overnight gains in US markets. Investors remained cautious over the health of global economy and moderate inflation data by China in September.

KLCI Day Performance
Open	1796.21
High	1801.12
Low	1786.78
Close	1786.84
Change(Points)	-9.54
% Change	-0.53%
Volume	2044.2M
Rise	209
Fall	659
Unch	772

Market forecast for KLCI:
Market seems to hit the next support level on continuing the down trend.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1778	1752	1726	1852	1853	1880

Technical indicators: 
RSI stood below the center line at 20.079 with its CCI at -197.957. Difference line of MACD performed at -15.821 below its signal line which performed at -10.896.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
DIGI	5.83	1.39	FGV	3.03	-7.06
TM	6.86	1.03	SKPETRO	3.41	-5.28
PETGAS	21.3	0.47	BAT	65.5	-3.11
MAXIS	6.5	0.46	RHBCAP	8.51	-2.52
PCHEM	6.17	0.33	MISC	6.63	-2.36

Economic Factors:

• The retail market is expected to temporarily soften with the implementation of the Goods and Services Tax (GST) on April 1 next year, says the Malaysian Retail Chain Association (MRCA).
• The Kuala Lumpur rubber market extended its gains for the third consecutive day.
• The ringgit eased against the US dollar at close today amid worries about sluggish European economy as well as awaiting domestic consumer index.
• Property developer Hua Yang Bhd expects its Perak projects to contribute 13 per cent to the total gross development value (GDV) of its launches in financial year 2015.
• Malaysia Airlines System Bhd (MAS) will hold an extraordinary general meeting (EGM) on November 6 for minority shareholders to exercise their voting rights on the company's issued and paid-up capital reduction.
• Malaysia's finance and banking industry saw the highest spike in wages over 12 months of between 10 and 25 per cent, based on Malaysia Salary Guide 2014/2015.
• The Malaysian equity market is expected to lag behind its regional peers due to its defensive nature as Asian markets become more stable with attractive valuations.
• IGB Corp Bhd's revalued net asset value (RNAV) should be worth RM6.90 per share, justifying a higher target price of RM4.80.
• Top Glove Corp Bhd reported a drop of 5.2% in net profit to RM45.90 million for the fourth quarter ended August 31 against RM48.42 million in the previous corresponding period, due to higher natural gas prices and other utility costs.
• A positive eye on Sasbadi Holdings Bhd's latest collaboration with the biggest education publisher in Indonesia as it is able to tap into education market in one of the most populated country in the world.
• Trading in Hong Leong Industries Bhd shares saw heightened selling pressure, which resulted in a slump of 29.86% in its share price yesterday after a corporate deal involving the distribution of Narra Industries Bhd shares went ex.

Market Review & Tomorrow Forecast for KLCI-14th Oct

Market Review for KLCI:
The FBM KLCI index lost 0.82 points or 0.05% on Tuesday. Finance Index fell 0.48% to 16648.2 points, Properties Index dropped 0.15% to 1397.02 points and Plantation Index down 0.37% to 8002.02 points. Market traded within a range of 10.82 points between an intra-day high of 1801.81 and a low of 1790.99 during the session.

The FBM KLCI swung between gains and losses before finishing 0.82 points lower at 1796.38 points. Even as China reported better-than-expected economic growth, concern of slowdown in global economy has contributed to offsetting upbeat sentiment of the market.

KLCI Day Performance
Open	1791.89
High	1801.81
Low	1790.99
Close	1796.38
Change(Points)	-0.82
% Change	-0.05%
Volume	2216.2M
Rise	226
Fall	652
Unch	1493

Market forecast for KLCI:
Index broke the support level 1805 following the downtrend and seems to be crucial below 1800.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1778	1752	1726	1822	1853	1880

Technical indicators:RSI stood below the center line at 22.592 with its CCI at -234.312. Difference line of MACD performed at -13.923 below its signal line which performed at -9.668.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
BAT	67.6	3.78	RHBCAP	8.73	-2.02
MISC	6.79	3.03	CIMB	6.53	-1.95
UMW	11.64	1.57	HLFG	17.1	-1.5
GENM	4.09	1.24	GENTING	9.13	-0.76
UEMS	1.72	1.18	PETGAS	21.2	-0.75

Economic Factors:

• The Construction Industry Development Board Malaysia (CIDB) will upgrade the training and accreditation of construction personnel next year to meet industry demand in line with the announcement of projects in the 2015 Budget. Under the 2015 Budget, the government has allocated a development spending of RM50.5 billion, an increase of 20 per cent compared with RM42.2 billion in 2014 to generate the country's economic development.
• The oil and gas sector downgraded to Neutral from Overweight given the slow rollout of domestic developments, down scaled projects and declining marine charter rates.
• Top Glove Corporation Bhd's pre-tax profit fell to RM214.74 million for the financial year ended August 31, 2014 from RM242.20 million in the previous year amid intense competition in the nitrile glove segment.
• Fitch Ratings believes the proposed merger of CIMB Group, RHB Capital, and Malaysia Building Society (MBSB) may spurt further consolidation in the Malaysian banking sector.
• The International Energy Agency (IEA) sees global oil demand for 2014 to decline by 200,000 barrels per day (bpd) to 92.4 million bpd as it lowers expectations of economic growth and the weak recent trend. expected to average RM2,300-RM2,400 per tonne in the fourth quarter this year.

KLCI Market Review, Forecast, Technical Indicators & Economic Factors 9th Oct

Market Review for KLCI:
The FBM KLCI index gained 5.41 points or 0.30% on Thursday. Finance Index fell 0.02% to 17003.7 points, Properties Index up 0.87% to 1430.43 points and Plantation Index rose 1.34% to 8256.37 points. Market traded within a range of 5.85 points between an intra-day high of 1830.80 and a low of 1824.95 during the session. KLCI rebounded from yesterday’s losses by ending 5.41 points higher at 1829.73, underpinned by gains in plantation counters such as KLK, FGV and IOI Corp. Investors sentiment was boosted by overnight gains in Wall Street following the expectation that the Federal Reserve would keep interest rates low, amid weaker global economic forecasts. 

KLCI Day Performance
Open	1825.18
High	1830.80
Low	1824.95
Close	1829.73
Change(Points)	5.41
% Change	0.30%
Volume	1814.7M
Rise	609
Fall	229
Unch	1523

Market forecast for KLCI:
Market seems to be rebounded and buying pressure is seen today, still in down trend.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1821	1805	1779	1853	1871	1895

Technical indicators:RSI stood below the center line at 143.412 with its CCI at 35.36. Difference line of MACD performed at -8.296 below its signal line which performed at -7.092.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
KLK	21.04	2.43	UEMS	1.73	-1.14
FGV	3.49	2.05	HLBANK	14.36	-0.69
IOICORP	4.84	1.89	MISC	6.76	-0.44
YTL	1.69	1.81	MAYBANK	9.85	-0.4
GENM	4.11	1.73	PCHEM	6.22	-0.32

Economic Factors:

• The ringgit advanced by the most in six months on speculation the Federal Reserve will delay raising interest rates and on optimism Malaysia’s budget will outline commitments to improve finances.
• Malaysian rubber prices retreated to close mostly lower today on the back of better ringgit performance that curbed buying interest among foreign buyers.
• Malaysia's economic growth next year is expected to outpace the International Monetary Fund's (IMF) revised global economic growth of 3.8 per cent.
• Expected that new policies to be announced in the 2015 Budget which will be tabled in Parliament tomorrow to ensure the country's sustainable growth over the short, medium and long-term.
• Palm oil prices are expected to average RM2,300-RM2,400 per tonne in the fourth quarter this year.

Bursa Malaysia KLCI Technical Analysis Outlook 8th Oct

Market Review for KLCI:
The FBM KLCI index lost 9.22 points or 0.50% on Wednesday. Finance Index fell 0.43% to 17007.37 points, Properties Index dropped 1.96% to 1418.11 points and Plantation Index down 1.61% to 8147.29 points. Market traded within a range of 7.27 points between an intra-day high of 1831.79 and a low of 1824.52 during the session.

KLCI closed lower at 9.22 points, down 1824.32 points, by the end of the trading day. The local bourse took a beating amid a global selloff trend, lead by Wall Street, triggered by fears of a weakening global economy as the IMF downgraded its global growth forecasts. Regionally, Asian markets also slid in line with the global rout, as investors also weighed in on a declining European economy and the timing of U.S. interest-rate increases. Asset safe havens like bonds and the yen experienced gains, as oil prices slip to the lowest in 2 years on oversupply.

KLCI Day Performance
Open	1830.67
High	1831.79
Low	1824.32
Close	1824.32
Change(Points)	-9.22
% Change	-0.50%
Volume	2579.7M
Rise	93
Fall	935
Unch	1333

Market forecast for KLCI:
Market fell on gap down opening and closed near to the next support, it is anticipated to continue the same.

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 center line at 29.541 with its CCI at -156.364. Difference line of MACD performed at -8.038 below its signal line which performed at -6.91.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
YTL	1.69	1.81	AMBANK	6.79	-0.73
MISC	6.9	1.47	ASTRO	3.19	-1.54
BAT	69.8	1.19	AXIATA	7.03	-0.42
HLFG	17.58	0.92	BAT	66.16	-1.28
RHBCAP	8.9	0.56	DIGI	5.84	-0.17

Economic Factors:

• The ringgit opened easier against the US dollar as the greenback rose broadly against major peers after the International Monetary Fund cut its forecast for global growth.
• KL Budget 2015 to ease inflation concerns, but will stick to fiscal cuts.
• LPI Capital Bhd posted a pre-tax profit of RM77.4 million for its Q3 ended September 30, 2014, up 7.6% from RM71.9 million in the same period last year.
• The recent reduction in the petrol and diesel subsidy will not affect the cost of the MRT Sungai Buloh-Kajang Line project, says its developer MRT Corp Sdn Bhd.
• Pelaburan Hartanah Bhd (PHB) and Maybank Asset Management Sdn Bhd today announced a final income distribution of 3.30 sen a unit for Amanah Hartanah Bumiputera (AHB) for the financial year ended September 30, 2014.
• Ireka Corporation Bhd's infrastructure arm, Ireka Engineering and Construction Sdn Bhd (IECSB), has bagged a RM276.79 million construction contract from KL Eco City Sdn Bhd.
• The Life Insurance Association of Malaysia (LIAM) has proposed that the government offer more tax relief incentives in Budget 2015 to promote financial planning among Malaysians.
• Nam Cheong Ltd, Malaysia’s biggest builder of offshore support vessels, expects record deliveries this year and next as the company’s focus on shallow-water oil search products helps it withstand a drop in crude-oil prices.
• The International Monetary Fund is upbeat about Malaysia’s growth outlook, projecting a robust 5.9 and 5.2% growth for 2014 and next year, respectively.