Malaysia Stocks : KLCI Technical Analysis Outlook 13th Nov

Market Review for KLCI:
The FBM KLCI index lost 0.43 points or 0.02% on Thursday. Finance Index fell 0.17% to 16397.18 points, Properties Index dropped 0.02% to 1418.74 points and Plantation Index down 0.85% to 8393.68 points. Market traded within a range of 9.77 points between an intra-day high of 1820.50 and a low of 1810.73 during the session.

The KLCI ended marginally lower at 1815.81 points. Market sentiment remained muted on absence of fresh positive leads.

KLCI Day Performance
Open	1817.84	% Change	-0.02%
High	1820.50	Volume	1695.3M
Low	1810.73	Rise	245
Close	1815.81	Fall	553
Change(Points)	-0.43	Unch	1696

Market forecast for KLCI:
It will remain down till 1800 as broke the present support 1813.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1800	1779	1764	1824	1840	1859

Technical indicators:RSI stood below the center line at 43.08 with its CCI at -26.755. Difference line of MACD performed at -1.426 below its signal line which performed at -0.579.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
UMW	11.68	3.36	CIMB	6.18	2.52
MISC	7.6	2.98	DIGI	6	2.39
SKPETRO	3.14	1.95	FGV	3.42	1.71
FGV	3.53	1.15	GENM	4.06	0.98
MAYBANK	9.75	0.93	GENTING	9.29	0.91

Economic Factors:

• The ringgit closed slightly lower against the US dollar today, ahead of the third-quarter growth data, which would be announced by Bank Negara tommorow.
• Pos Malaysia Bhd has submitted the request for proposal to the government to manage the national fuel subsidy rationalisation programme.
• I-Berhad's pre-tax profit for the third quarter ended September 30, 2014 jumped to RM17.4 million from RM3.7 million in the same period last year. Revenue rose to RM77.4 million from RM35.5 million in the same period in 2013. The higher pre-tax profit and revenue were contributed by the property development segment.
• The FTSE Bursa Malaysia KLCI (FBM KLCI) ended almost flat today after rangebound trade in line with regional stock markets.
• The construction industry grew at the rate of 14.3 per cent until the middle of this year with projects worth RM69 billion carried out until September.
• Gas Malaysia is expected to enjoy a RM2 per British thermal unit (mmbtu) gas spread this year after adjustments to the gas selling price and input cost.
• Maxis Bhd posted a higher normalised profit after tax of RM494 million in the third quarter ended September 30, up by 2.9 per cent from RM480 million registered in the second quarter 2014.
• Share prices on Bursa Malaysia were volatile at mid-afternoon today on mild gains on selected key-heavyweights and the selling on small-capitalised stocks.