Market Review for KLCI:
The
FBM KLCI index lost 8.07 points or 0.44% on Wednesday. Finance Index
fell 0.50% to 16644.29 points, Properties Index dropped 0.84% to
1448.29 points and Plantation Index rose 0.06% to 8488.04 points.
Market traded within a range of 7.36 points between an intra-day high
of 1845.08 and a low of 1837.72 during the session. Get
The KLCI closed lower at 1839.29
points in line with overnight losses in US markets. Investors
sentiment remained cautious following the plunge in oil prices to a
three-year low and disappointing trade data by the US that signals a
gradual economic slowdown.
KLCI
Day Performance
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| Open | 1844.75 | % Change | -0.44% |
| High | 1845.08 | Volume | 2265.8M |
| Low | 1837.72 | Rise | 251 |
| Close | 1839.29 | Fall | 576 |
| Change(Points) | -8.07 | Unch | 864 |
Market forecast for KLCI:
Market is anticipated to be in range bound phase.
Market is anticipated to be in range bound phase.
KLCI
LEVELS
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| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 1835 | 1825 | 1813 | 1847 | 1860 | 1880 |
Technical indicators:RSI
stood below the center line at 54.149 with its CCI at 79.534.
Difference line of MACD performed at 3.117 below its signal line
which performed at -2.117.
Top
Gainers
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Top
Losers
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| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| MISC | 7.27 | 2.11 | SKPETRO | 3.14 | -3.98 |
| UMW | 11.28 | 1.62 | PETDAG | 19.94 | -2.73 |
| KLK | 22.9 | 1.51 | PPB | 15.52 | -1.65 |
| CIMB | 6.41 | 0.94 | AMBANK | 6.63 | -1.49 |
| MAXIS | 6.85 | 0.74 | TENAGA | 13.46 | -1.32 |
Economic Factors:
- The Malaysian rubber market continued to close lower today on weaker demand in line with declines in the Tokyo Commodity Exchange and the Shanghai Futures Exchange.
- Malaysia Marine and Heavy Engineering Holdings Bhd's (MHB) pre-tax profit fell to RM20.07 million for the third quarter (Q3) ended September 30, 2014 from RM41.12 million in the same period last year.
- Dryness in certain areas in Malaysia and Indonesia this year will also likely impact crude palm oil (CPO) production in 2015, but bodes well for the commodity price.
- The 27-sen per share offer to minority shareholders of Malaysian Airline System Bhd (MAS) to delist from Bursa Malaysia and take it private.
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