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 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.
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
|
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|
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.
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