Market Review for KLCI:
The FBM KLCI index lost 5.98 points or 0.32% on Tuesday. Finance Index fell 0.41% to 16728.2 points, Properties Index dropped 0.26% to 1460.52 points and Plantation Index down 0.30% to 8483.25 points. Market traded within a range of 6.54 points between an intra-day high of 1852.06 and a low of 1845.52 during the session.
The FBM KLCI index lost 5.98 points or 0.32% on Tuesday. Finance Index fell 0.41% to 16728.2 points, Properties Index dropped 0.26% to 1460.52 points and Plantation Index down 0.30% to 8483.25 points. Market traded within a range of 6.54 points between an intra-day high of 1852.06 and a low of 1845.52 during the session.
The day ended with the KLCI closing
lower at 1847.36 points in line with overnight losses in US market.
Investor’s sentiment remained cautious amid the slowdown in
European manufacturing data in October and declines of China’s
service industry that signalling a slowing growth of economy. Get Free Signals
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KLCI
Day Performance
|
|
|
Open |
1851.87 |
|
High |
1852.06 |
|
Low |
1845.52 |
|
Close |
1847.36 |
|
Change(Points) |
-5.98 |
|
% Change |
-0.32% |
|
Volume |
1676.5M |
|
Rise |
378 |
|
Fall |
438 |
|
Unch |
874 |
Market forecast for KLCI:
Market is anticipated to be in range bound phase.
Market is anticipated to be in range bound phase.
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KLCI
LEVELS
|
|||||
|
Support 1 |
Support 2 |
Support 3 |
Resistance 1 |
Resistance 2 |
Resistance 3 |
|
1825 |
1813 |
1796 |
1853 |
1871 |
1890 |
Technical indicators:
RSI
stood below the center line at 106.493 with its CCI at 58.472.
Difference line of MACD performed at 2.809 below its signal line
which performed at -4.470.
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Top
Gainers
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Top
Losers
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Scrip
Name |
CMP |
%change |
Scrip
Name |
CMP |
%change |
|
MISC |
7.12 |
3.19 |
UMW |
11.1 |
-4.48 |
|
ASTRO |
3.35 |
1.82 |
SKPETRO |
3.27 |
-3.54 |
|
TENAGA |
13.64 |
1.04 |
BAT |
67.86 |
-2.19 |
|
TM |
7.33 |
0.69 |
GENM |
4.22 |
-1.86 |
|
IOICORP |
4.9 |
0.62 |
HLFG |
17.88 |
-1.76 |
Economic Factors:
- The Malaysian rubber market closed lower today on weak buying support, following a drop in other commodities such as crude oil.
- The market capitalisation of Malaysia’s 20 government-linked companies (GLCs) tripled from RM140 billion in May 2004 to RM435 billion as at end October this year.
- The decline in oil prices would have a positive impact on Malaysia's trade surplus due to its position as a net oil importer since January this year, but this would unlikely be significant given the small oil trade deficit.
- The ringgit extended its losses against the US dollar, falling to a nine-month low, dampened by continuous buying momentum for the greenback.
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