Bursa Malaysia : KLCI Technical Analysis Review 24th Nov

Market Review for KLCI:
The FBM KLCI index gained 24.64 points or 1.36% on Monday. Finance Index increased 0.58% to 16286.49 points, Properties Index up 0.99% to 1408.28 points and Plantation Index rose 1.67% to 8332.58 points. Market traded within a range of 24.14 points between an intra-day high of 1833.77 and a low of 1809.63 during the session.

KLCI started the week on a positive note, closing higher at 1833.77 points after Malaysia's government decision to practice the managed float system to set its fuel prices. Trading sentiment was supported by the decision of China's central bank to cut its interest rate for the first time since July 2012 following the announcement by European Central Bank about its bond-buying program and Malaysia.

KLCI Day Performance
Open	1811.45	% Change	1.36%
High	1833.77	Volume	2241.9M
Low	1809.63	Rise	510
Close	1833.77	Fall	297
Change(Points)	24.64	Unch	1726

Market forecast for KLCI:
The full trading session of KLCI was remain in green territory so it might noted that market may good tomorrow.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1824	1805	1791	1836	1852	1867

Technical indicators:RSI stood below the center line at 54.389 with its CCI at -15.827. Difference line of MACD performed at -2.204 below its signal line which performed at -2.454.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
AXIATA	7.19	0.28	TENAGA	14.46	6.94
BAT	67.8	0.36	SKPETRO	3.24	5.56
CIMB	5.84	0.57	SIME	9.71	4.18
DIGI	6.19	0.61	RHBCAP	8.24	3.73
FGV	3.42	0.62	PPB	15.6	2.79

Economic Factors:

• The removal of subsidies for RON95 petrol and diesel will not have any inflationary consequences to the country's economy as global crude oil prices are softening.
• Axiata Group Bhd recorded a lower pre-tax profit of RM747.19 million for the third quarter (Q3) ended September 30, 2014, compared with RM918.06 million in the same quarter last year. Revenue fell to RM4.65 billion from RM4.75 billion previously.
• The fuel subsidy removal by the government is a positive move and will not have a significant impact on the economy.
• IOI Corporation Bhd's shares on Bursa Malaysia gained seven sen to RM4.67 as at 10.15 am today, lifted by the company's positive earnings outlook.
• The government will intervene if global crude oil prices rise too high to cushion the impact on RON95 petrol and diesel.
• The ringgit gained the most in two weeks on optimism Malaysia’s plan to abolish energy subsidies will help shore up public finances.
• Mechanical engineering solution provider Frontken Corporation Bhd sees its net profit tripled year-on-year to RM5.26 million in 3Q financial year ending on Dec 31, 2014 (3QFY14) from RM1.57 million.
• 7-Eleven Malaysia Holdings Bhd saw third quarter (Q3) net profit more than double helped by sales growth, gross profit margin expansion, growth in other operating income and lower administrative and other operating expenses. The net profit grow to RM17.13 million for the quarter ended Sept 30, 2014, compared with RM8.19 million for the same quarter in 2013.

Weekly Technical view on KLCI : Bursa Malaysia

Weekly wrap of KLCI:

In the whole week, market were down maintaining support level at 1805. Regionally, Asian markets were mixed, with Japanese shares reacting positively to a delayed sales-tax increase, additional stimulus and a call for election. Meanwhile, other investors weighed in on declining oil prices, the anticipation of more European monetary stimulus, and a drop in Chinese home prices.

Investor sentiment was further hit by extended losses in oil prices and China stocks beginning to lose momentum a few days after its stock-link debut.

Market remained in red territory due to overnight decline in Wall Street on fears of deflation. Investors reacted to news of China's factory output declining to a six-month low, dampening investor confidence and stoking fears that the world’s second largest economy is slowing down.

FBMKLCI WEEK’s Performance
Open	1817.15
High	1817.56
Low	1808.13
Close	1809.13
Change (Points)	-4.66
% Change	-0.25%

 The FBM KLCI index lost 13.16 points or 0.72% on Friday. Finance Index fell 0.64% to 16192.97 points, Properties Index dropped 0.62% to 1394.43 points and Plantation Index down 0.49% to 8195.37 points. Market traded within a range of 9.43 points between an intra-day high of 1817.56 and a low of 1808.13 during the session.

The KLCI closed 13.16 points lower to settle at 1809.13 points. The local bourse traded in the red for majority of the day, tracking losses in Japanese markets as Prime Minister Shinzo Abe dissolved parliament. Regionally, Asian markets were broadly positive, as investors reacted to overnight US equity gains on data showing broad U.S. economic strength.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1791	1766	1720	1824	1839	1858

 Market Forecast for week ahead:

Market is remain in red territory for last 3 weeks, it may maintain a side-way movement in the next week.

Technical indicators:

RSI for this week is 41.878 with CCI at -104.827. Besides, difference line of MACD (10.005) stood below its signal line (5.029).

ECONOMIC FACTORS:

• Bumi Armada Bhd's shares on Bursa Malaysia was down this morning, declining 2 sen to RM1.36 on the back of the weak financial results posted yesterday. A total of 2.871 million lots changed hands.
• The Consumer Price Index (CPI) increased by 2.8% to 111.3 in October 2014 compared with 108.3 in the same month last year.
• Short-term interbank rates were expected to remain stable yesterday with Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity from the financial system.
• The ringgit closed lower against the US dollar for the third consecutive days yesterday as demand for the Asian emerging currencies remained weak.
• Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday amid weaker export estimates as projected by cargo surveyors.
• The Malaysian rubber market closed mixed yesterday on lack of buying momentum and a higher benchmark at the Tokyo Commodity Exchange (TOCOM) futures market.
• AirAsia X Bhd’s results were disappointing as yield declined 12.5% following industry overcapacity and an aggressive promotional strategy.
• Inflation likely increased to an annualized 3.05% last month, according to the latest poll on the Consumer Price Index (CPI).
• Dialog Group Bhd, an integrated services provider in the oil and gas and petrochemical industries, is positive that the fluctuating global oil price will not markedly affect its businesses as it is well diversified and able to shift focus to profitable divisions.
• RHB Capital Bhd (RHBCap), Malaysia’s fourth-largest lender, saw its net profit drop marginally to RM544.6 million in the 3Q ended September from RM559.1 million a year ago.
• China made its 1st official announcement about the country’s strategic petroleum reserve (SPR) yesterday, saying the 1st phase of the government emergency stockpile is storing about 91 million barrels of crude oil, or about nine days of oil use.
• SapuraKencana Petroleum Bhd, Malaysia’s largest listed oil and gas services company by market capitalisation, is buying oil firm Petroliam Nasional Bhd’s (Petronas) entire interest in three blocks offshore southern Vietnam for US$400 million (RM1.35 billion).
• Scomi Energy Services Bhd (SESB) reported RM18.5 million net profit for its 2Q ended September 30 on the back of RM389.35 million revenue, compared with RM25.06 million net profit and RM330.3 million revenue in the previous corresponding quarter.
• Manufacturing activity in China stagnated this month, British banking giant HSBC said yesterday, warning of “significant” pressures on the world’s second-largest economy as its key purchasing managers’ index (PMI) hit a six-month low. HSBC’s preliminary PMI for the month came in at the 50.0 break-even point dividing expansion and contraction, the bank said in a statement. It was lower than last month’s 50.4 and was the weakest reading since May’s 49.4

Sector Allocation Chart

SECTOR	CHANGE	%CHANGE	HIGH	LOW
TECHNOLOGY	-0.09	-0.5	18.16	18
IND-PROD	-0.29	-0.22	133.16	132.66
TRAD/SERV	-1.63	-0.68	240.85	239.34
CONSTRUCTN	-0.41	-0.14	301.22	299.55
MINING	-4.05	-0.74	547.13	539.03
CONSUMER	-0.24	-0.04	579.79	577.05
PROPERTIES	-8.67	-0.62	1,404.72	1,394.43
INDUSTRIAL	-2.86	-0.09	3,282.69	3,265.50
PLANTATION	-40.46	-0.49	8,245.20	8185.75

Malaysia Stock Market: KLCI Technical Analysis 20th Nov

Market Review for KLCI:
The FBM KLCI index lost 2.10 points or 0.12% on Thursday. Finance Index fell 0.65% to 16296.59 points, Properties Index dropped 0.20% to 1403.1 points and Plantation Index down 1.20% to 8235.83 points. Market traded within a range of 7.95 points between an intra-day high of 1825.12 and a low of 1817.17 during the session. Live Trading Signals

The KLCI closed 2.10 points lower to settle at 1822.29 points. The local bourse traded in the red for majority of the day, amid an overnight decline in Wall Street on fears of deflation. Regionally, Asian markets were mostly mixed, as investors reacted to news of China's factory output declining to a six-month low, dampening investor confidence and stoking fears that the world’s second largest economy is slowing down.

KLCI Day Performance
Open	1824.66	% Change	-0.12%
High	1825.12	Volume	1644.2M
Low	1816.97	Rise	260
Close	1822.29	Fall	500
Change(Points)	-2.10	Unch	1772

Market forecast for KLCI:
Index stood touching the resistance level 1824, CCI & MACD showing the crossing over. Market is expected to be bullish.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1805	1791	1779	1839	1858	1879

Technical indicators:RSI stood below the center line at 48.524 with its CCI at -41.837. Difference line of MACD performed at -2.781 below its signal line which performed at -2.251.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
AXIATA	7.2	3.34	AMBANK	6.58	-3.21
BAT	67.58	2.45	ASTRO	3.41	-2.78
CIMB	5.9	2.4	AXIATA	7.2	-2.64
DIGI	6.1	1.75	BAT	67.58	-2.22
FGV	3.39	1.11	CIMB	5.9	-2.13

Economic Factors:

• RHB Capital Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 fell to RM714.93 million from RM739.76 million in the same period last year.
• AMMB Holdings Bhd's shares inched up in the morning session after the banking group posted a better second quarter (Q2) financial results.
• AirAsia Bhd’s net profit narrowed to RM5.4 million in the third quarter (Q3) ended September 30 from RM35.48 million a year ago.
• Kuala Lumpur Kepong Bhd’s net profit slumped 33.8% to RM170.75 million in the 4Q ended September 30 2014 from RM258 million a year ago. This was due to its manufacturing sector losses caused by reduced margins, while the oleo chemical division also sank into losses. Its pre-tax profit fell 28.3% to RM238.62 million from RM332.7 million a year ago despite a 15% revenue growth to RM2.78 billion from RM2.41 billion previously.
• Boustead Plantations Bhd has posted a net profit of RM57.6 million in the first nine months to September 30, up from RM31 million in the same period last year.
• Crude palm oil (CPO) futures closed lower yesterday amid weaker crude oil prices.
• Gold futures ended mixed as cautious sentiment clouded the market.
• The ringgit continued its downtrend at close yesterday with more investors shifting their interest to safe haven currencies.
• The Malaysian rubber market closed mixed yesterday despite higher regional futures market as news that Japanese Prime Minister Shinzo Abe is going to delay a sales tax hike boosted sentiment.

KLCI Weekly Technical Analysis Report

Weekly wrap of KLCI:
Stock market performance was "disappointing" this week, extending the declines last week, with selling seen by institutional funds in order to declare dividend by year-end. As they are taking profit at this time. If they don't lock in profit, they won't be able to pay dividend by the end of this year.

The situation was made worse after oil and gas counters were badly hit as crude oil price tumbled to its lowest in four years.

The FBM KLCI index lost 2.02 points or 0.11% on Friday. Finance Index increased 0.09% to 16412.72 points, Properties Index dropped 0.61% to 1410.05 points and Plantation Index down 0.33% to 8366.28 points. Market traded within a range of 5.87 points between an intra-day high of 1814.57 and a low of 1808.70 during the session.

The KLCI ended the last trading day of the week on a negative noted by closing lower at 1813.79 points. Market breadth was weaker as the muted sentiment and absence of fresh positive leads dented investor’s risk appetite and on selling by institutional funds, amid weakness on oil and gas-related counters.  

FBMKLCI WEEK’s Performance
Open	1814.30
High	1814.57
Low	1808.70
Close	1813.79
Change(Points)	-10.4

Market Forecast for week ahead:

We could see better trading next week, as market took support at 1800 level.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
11791	1764	1723	1824	1838	1862

Technical indicators:RSI for this week is 42.855 with CCI at -102.797. Besides, difference line of MACD (8.700) stood below its signal line (3.785).

Economic Factors:

• Short-term interbank rates closed stable today on Bank Negara Malaysia's (BNM) intervention to mop up excess liquidity from the financial system.
• SIME Darby Bhd will be satisified with having only a 51% controlling stake in New Britain Palm Oil Ltd (NBPOL), which will allow it to secure control of the latter at the shareholder, board and management levels.
• The Malaysian rubber market closed slightly lower today in tandem with the lower price of the commodity on the Tokyo Commodity Exchange.
• Oil prices are expected to keep sliding well into 2015, held down by weak demand and increased shale production, the International Energy Agency said Friday, as it maintained its full-year forecast for slow global consumption growth.
• The Malaysian economy grew by 5.6% in the third quarter from 6.5% in the Q2.

Sector Allocation Chart

SECTOR	CHANGE	%CHANGE	HIGH	LOW
TECHNOLOGY	-0.08	-0.44	18.16	17.95
IND-PROD	-2.47	-1.82	135.25	132.4
TRAD/SERV	-0.13	-0.05	238.96	238.18
CONSTRUCTN	-2.83	-0.92	307.75	303.59
MINING	-4.06	-0.72	567.4	555.24
CONSUMER	-0.37	-0.06	579.24	576.43
PROPERTIES	-8.69	-0.61	1,418.86	1,409.37
INDUSTRIAL	12.4	0.38	3,296.99	3,271.36
PLANTATION	-27.4	-0.33	8,377.14	8,336.61

Malaysia Stocks : KLCI Technical Analysis Outlook 13th Nov

Market Review for KLCI:
The FBM KLCI index lost 0.43 points or 0.02% on Thursday. Finance Index fell 0.17% to 16397.18 points, Properties Index dropped 0.02% to 1418.74 points and Plantation Index down 0.85% to 8393.68 points. Market traded within a range of 9.77 points between an intra-day high of 1820.50 and a low of 1810.73 during the session.

The KLCI ended marginally lower at 1815.81 points. Market sentiment remained muted on absence of fresh positive leads.

KLCI Day Performance
Open	1817.84	% Change	-0.02%
High	1820.50	Volume	1695.3M
Low	1810.73	Rise	245
Close	1815.81	Fall	553
Change(Points)	-0.43	Unch	1696

Market forecast for KLCI:
It will remain down till 1800 as broke the present support 1813.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1800	1779	1764	1824	1840	1859

Technical indicators:RSI stood below the center line at 43.08 with its CCI at -26.755. Difference line of MACD performed at -1.426 below its signal line which performed at -0.579.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
UMW	11.68	3.36	CIMB	6.18	2.52
MISC	7.6	2.98	DIGI	6	2.39
SKPETRO	3.14	1.95	FGV	3.42	1.71
FGV	3.53	1.15	GENM	4.06	0.98
MAYBANK	9.75	0.93	GENTING	9.29	0.91

Economic Factors:

• The ringgit closed slightly lower against the US dollar today, ahead of the third-quarter growth data, which would be announced by Bank Negara tommorow.
• Pos Malaysia Bhd has submitted the request for proposal to the government to manage the national fuel subsidy rationalisation programme.
• I-Berhad's pre-tax profit for the third quarter ended September 30, 2014 jumped to RM17.4 million from RM3.7 million in the same period last year. Revenue rose to RM77.4 million from RM35.5 million in the same period in 2013. The higher pre-tax profit and revenue were contributed by the property development segment.
• The FTSE Bursa Malaysia KLCI (FBM KLCI) ended almost flat today after rangebound trade in line with regional stock markets.
• The construction industry grew at the rate of 14.3 per cent until the middle of this year with projects worth RM69 billion carried out until September.
• Gas Malaysia is expected to enjoy a RM2 per British thermal unit (mmbtu) gas spread this year after adjustments to the gas selling price and input cost.
• Maxis Bhd posted a higher normalised profit after tax of RM494 million in the third quarter ended September 30, up by 2.9 per cent from RM480 million registered in the second quarter 2014.
• Share prices on Bursa Malaysia were volatile at mid-afternoon today on mild gains on selected key-heavyweights and the selling on small-capitalised stocks.

KLCI Technical Outlook For Bursa Malaysia 11th Nov

Market Review for KLCI:
The FBM KLCI index lost 2.82 points or 0.15% on Tuesday. Finance Index fell 0.10% to 16589.35 points, Properties Index dropped 0.86% to 1421.84 points and Plantation Index down 0.28% to 8423.59 points. Market traded within a range of 9.43 points between an intra-day high of 1832.70 and a low of 1823.27 during the session.

The KLCI ended moderately lower at 1825.11 points. Overall breadth of market was weaker as the sliding oil prices and the weakening of ringgit dampened trading sentiment.

KLCI Day Performance
Open	1831.03	% Change	-0.15%
High	1832.70	Volume	2252M
Low	1823.27	Rise	241
Close	1825.11	Fall	625
Change(Points)	-2.82	Unch	1619

Market forecast for KLCI:
Trend is down and market maintained support at 1825, it might remain in a sideways movement.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1813	1794	1764	1840	1859	1879

Technical indicators:RSI stood below the center line at 47.409 with its CCI at 23.968. Difference line of MACD performed at 0.724 below its signal line which performed at -0.342.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
MISC	7.82	2.89	GENTING	9.3	-2.11
DIGI	6.06	0.66	PPB	15.26	-2.05
YTL	1.67	0.6	UMW	11.44	-2.05
AMBANK	6.49	0.46	BAT	67	-1.62
AXIATA	7.03	0.43	SKPETRO	3.09	-1.59

Economic Factors:

• A memorandum of agreement signed between Export-Import Bank of Malaysia Bhd (Exim Bank) and Majlis Amanah Rakyat (Mara) today will provide local entrepreneurs with a RM100 million loan to penetrate the international market.
• The Malaysian rubber market closed mixed today on worries over Chinese demand after trade data showed a drop in imports of major commodities.
• The construction sector in Malaysia is expected to remain robust next year, with the sector expecting to secure an estimated RM120 billion worth of projects.
• Malaysian Resources Corp Bhd (MRCB), a property and infrastructure developer, will build a RM115 million overhead bridge to connect Jalan Klang Lama with the New Pantai Expressway.
• The sales value for the manufacturing sector in September 2014 rose by 4.1 per cent (RM2.2 billion) to RM55.4 billion from the RM53.2 billion reported in the same month a year ago.
• Industrial output likely moderated to 5.02 per cent in September compared with a year ago.
• The ringgit was traded slightly lower against the US dollar in early trade today due to lack of demand for the local unit.
• Malaysia Airports Holdings Bhd (MAHB) is planning to raise RM1.32 billion to fund the acquisition of the remaining 40% in two Turkish airports it does not own.
• Foreign investors continued to sell Malaysian equity, disposing of a total of RM29.7 million in the open market in the week ended Nov 7, 2014, a reversal of RM460 net purchase seen in the week before.
• Al-Aqar Healthcare REIT proposes to undertake a private placement at a price to be determined later to raise gross proceeds of up to RM40 million to part finance acquisition of land.
• Carimin Petroleum Bhd, which is bidding for an estimated RM800 million worth of contracts from oil and gas players operating in Malaysia, foresees a success rate of more than 20%, said its managing director Mokhtar Hashim.
• DRB-HICOM Bhd, under its wholly-owned subsidiary KL Airport Services Sdn Bhd (KLAS) plans to buy over Gading Sari Aviation Services Sdn Bhd, a local cargo air service company, for RM72 million.

Malaysia Stock Market Review : KLCI Technical Analysis 10th Nov

Market Review for KLCI:
The FBM KLCI index gained 3.74 points or 0.21% on Monday. Finance Index increased 0.06% to 16605.24 points, Properties Index dropped 0.55% to 1434.23 points and Plantation Index down 0.32% to 8446.82 points. Market traded within a range of 7.77 points between an intra-day high of 1831.82 and a low of 1824.05 during the session.

The KLCI rebounded from the correction on last week and ended higher at 1827.93 points, in line with the broadly higher Asian markets. Market breadth however was negative, as investors remained cautious following the muted performance in U.S. market that failed to provide fresh market clues.

KLCI Day Performance
Open	1824.47	% Change	3.74
High	1831.82	Volume	2662.8M
Low	1824.05	Rise	348
Close	1827.93	Fall	482
Change(Points)	0.21%	Unch	1647

Market forecast for KLCI:
Trend is down and market stood at previous support level 1827, it might maintain a sideways movement.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1813	1794	1764	1840	1859	1879

Technical indicators:RSI stood below the center line at 48.785 with its CCI at 30.397. Difference line of MACD performed at 1.328 below its signal line which performed at -0.609.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
UMW	11.68	3.36	DIGI	6.02	-1.79
MISC	7.6	2.98	ASTRO	3.33	-1.77
SKPETRO	3.14	1.95	IHH	4.8	-1.44
FGV	3.53	1.15	TM	7.14	-1.24
MAYBANK	9.75	0.93	UEMS	1.85	-1.07

Economic Factors:

• Affin Hwang Investment Bank has maintained its real Gross Domestic Product (GDP) growth forecast of 5.8 per cent for Malaysia this year on stronger exports, higher than 4.7 per cent recorded in 2013.
• AirAsia X Bhd achieved a 24 per cent growth in Available-Seat-Kilometres (ASK) to 6.36 million in the third quarter of 2014, despite significantly softer market conditions.
• The share price of gloves manufacturer, Supermax Corporation Bhd, declined in the morning session after posting a lower-than-expected third quarter financial results.
• Malaysia's palm oil stocks rose by 3.66 per cent to 2.17 million tonnes in October 2014 from 2.09 million tonnes the previous month.