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.