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.