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.