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.