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.
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 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
|
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 |
- 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.
