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
|
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 |
No comments:
Post a Comment