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.