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Thursday, July 31, 2014

SGX Outlook : STI Technical Review 31 July


Market Review for STI: 
Singapore share prices opened on a mixed note at 3353.70.Property sector took a good pace today .Index up by 20.41 points. Asian markets extended their recent uptrend after US data showed the world's top economy grew much more than expected in the second quarter. High for the day was observed at 3387.84 and low for the day was observed at 3352.13. 
STI Day Performance
Open
3353.70
High
3387.84
Low
3352.13
Close
3374.06
Change(Points)
+20.41
% Change
+0.61%
Volume
1685.3M
Rise
186
Fall
241
Unch
680
Market forecast for STI:
STI formed a green candle with a long upper shadow and the overall trend is up .We may expect a good movement as it is breaking its higher highs .We may expect STI to move in a range of 3370-3380.
Technical indicators:
RSI is above the upper line at 76.45 and CCI is at 152.62.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3370
3360
3350
3385
3400
3425

Important Factor for today:-
  • Singapore share prices opened on a mixed note at 3353.70 with STI up with change of 31.670 points.
  • Total employment growth in Singapore fell to 22,000 in the second quarter of 2014, down from 28,300 in the previous three months and 33,700 a year ago.
  • Singapore’s bank lending registered flat growth in June compared to the previous month, dragged by a slip in business loans.
  • Ezion Holdings is proposing a bonus issue of one new share for every existing ordinary share. Q2 earnings for Ezion Holdings rose 25.5% as the deployment of more of its multi-purpose self-propelled jack-up rigs led to higher chartering revenue.
  • Tuan Sing Holdings posted a 24% drop in net profit for the Q2 ended June 30 to $11.59 million, on the back of lower recognition of residential sales.
  • Singapore Airlines (SIA) reported a net profit of S$34.8 million for the first quarter ended 30 June 2014, down from S$121.8 million in the corresponding quarter a year earlier.

Wednesday, July 30, 2014

Malalysia Stock Market Technical Outlook 30 July


Market Review for KLCI:
Malaysian stocks opened on a mixed note at 1884.08 and turned slightly lower at midday today in active trading, with interest seen in selected heavyweights and penny stocks.
KLCI Day Performance
Open
1884.08
High
1886.39
Low
1877.51
Close
1878.34
Change(Points)
1.00
% Change
0.05%
Volume
2117.5M
Rise
461
Fall
408
Unch
1401
Market forecast for KLCI:
Market has lead by PPB, GENM, KLCC, AXIATA and DIGI, rest share prices has taken up correction by maintaining an uptrend. Prices might open in between 1879-1880.
KLCI LEVELS
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1869 1860 1845 1888 1898 1913
Technical indicators:RSI stood below the centre line at 48.675 with its CCI at -16.260. Difference line of MACD performed at -1.218 below its signal line which performed at 0.110.
Top Gainers
Top Losers
Scrip Name CMP %change Scrip Name CMP %change
PPB 15 2.74 FGV 4.1 -1.68
GENM 4.35 1.64 TM 6.3 -1.1
KLCC 6.45 1.26 MAXIS 6.67 -0.89
AXIATA 6.94 0.73 IHH 4.71 -0.84
DIGI 5.73 0.7 PETDAG 18.94 -0.53
Economic Factors:
  • The Malaysian Automotive Association had on July 23 revised upwards its total industry volume (TIV) forecast for this year to 680,000 units from the earlier target of 670,000 units.
  • Bina Puri Holdings Bhd, confident of its future growth, says it is bullish to end the current financial on a firm note despite sentiment being impacted by the delay in handing over the Kuala Lumpur International Airport 2 (klia2) project.
  • Malaysian banks given new threats to earnings growth, despite interest rates hike.

SGX Daily Technical Outlook For 30 July

Market Review for STI:
STI opened at 3356.07 today. The early trading was little bullish then market took the bearish move and close at 3351.310. Asia's markets rose further on Wednesday, extending a recent rally, with a weaker yen boosting Tokyo while investors await the release this week of key US data and the Federal Reserve's policy meeting.

STI Day Performance
Open 3356.070
High
3364.050
Low
3349.690
Close
3351.310
Change(Points)
-4.770
% Change
-0.14%
Volume
1649.6M
Rise
128
Fall
278
Unch
701
Market forecast for STI:
Prices are above the 20&50 days EMA .Though the market is not good the counters are not in a bullish move rather most of the active counters are in consolidation phase .In such case, the starting of the market can indicate the bullishness or bearishness for the same.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3320
3260
3240
3450
3470
3500
Technical indicators:RSI is above the centre line and is at level 70.51 and CCI is at 136.93.
Top Gainers
Top Losers
Scrip Name CMP %change Scrip Name CMP %change
OCBC Bank 9.91 1.54 SIA Engineering 4.69 -1.88
CapitaLand 3.32 0.91 ThaiBev 0.625 -1.58
UOB 24.05 0.29 CapitaMall Trust 1.98 -1.49
DBS 18.08 0.28 JSH 500 USD 35.81 -1.16
HongkongLand USD 6.73 0.15 Noble 1.42 -1.04
OCBC Bank 9.91 1.54





Important Factor for today:-
  • Singapore’s Oversea-Chinese Banking Corporation has acquired a total of 97.52% of the issued share capital of Wing Hang Bank, closing the US$4.95 billion ($6.15 billion) bid for the Hong Kong lender.
  • Keppel Land, Singapore’s third- biggest developer by value, made its maiden investment in the U.S. with a prime residential development in New York City.
  • Singapore’s City Developments and Australia’s Stock land Group are considering bidding for Leighton Holdings’ $7 billion ($8.7 billion) residential and commercial property portfolio, a leading Australian newspaper reported on Tuesday.
  • Singapore's central bank announced new proposals to regulate financial benchmarks, in the wake of a series of scandals around the world involving traders manipulating Libor and other key rates.

Monday, July 28, 2014

Technical Outlook of Malaysia’s Consumer Industry


Scan of Malaysia’s Consumer Industry:
Consumer sector is in boom this year due to higher operating costs for consumer companies this year on an account of forthcoming Government policies.
Coming in with 0.93% year-on-year gain for the year ended December 2013, the consumer services industry under the FTSE EMAS Index is one of the handful of industries that ended in the positive territory last year. This covers broad view of businesses which is most affected by the Budget 2014’s policies viz. fiscal debt, shrinking current account surplus and growing debt pile.
With policies such as the implementation of goods and services tax come April 2015 as well as reduced subsidies, the consumer services industry is expected to mellow from the rising cost of living this year. 
Consumer spending is likely to experience slower growth from lower purchasing power and disposable income although selective bright spots exist. Higher tourist flows into the country in conjunction with Visit Malaysia Year 2014 is expected to mitigate the slowdown in domestic consumer spending.
While the outlook for the industry appears to have dimmed, not negative for the consumer industry in Malaysia. Looking into the Visit Malaysia Year 2014 initiative, Malaysia is targeting to attract 28 million in foreign tourist arrivals with up to 13.2 million tourist arrivals from Singapore to the country this year. This is certainly good news for the travel and leisure sector of the consumer industry. Noticing, the gaming sector pops to mind when it comes to tourism in Malaysia.
Current Volume: 659,818
Current Change: 4.650
Current Change %: 0.78
Sector Allocation Chart by Turnover
  • Consumer Industry lifted the FBMKLCI Market by 30.81% followed by Trade/Service (24.83%), Finance (11.50%), Properties (10.30%), Technology (9.11%) and Industry-Production (7.83%).
ANALYSIS:
This sector has been “underweight” since long time and it moved within the range of 590.782-582.432, but now it is in good pace to boom the Malaysian Economy maintaining a sharp uptrend. 
Trading Facts for Top Gainers Comprising Consumer Industry:

TOP GAINERS CHANGE CHANGE% LAST RATE HIGH LOW VOLUME
MSPORTS 0.03 16.67 0.21 0.215 0.185 48,81,900
SINOTOP 0.005 9.09 0.06 0.065 0.055 24,51,100
CAB 0.07 7.91 0.955 0.975 0.88 1,11,58,600
TPC 0.03 7.79 0.415 0.43 0.38 11,06,800
MFLOUR 0.11 5.76 2.02 2.03 1.88 31,42,400
HOVID 0.02 4.49 0.465 0.465 0.44 76,01,800
BIOOSMO 0.005 3.33 0.155 0.155 0.15 20,92,100
GPHAROS 0.025 2.69 0.955 0.96 0.92 11,80,500
PELIKAN 0.03 2.52 1.22 1.23 1.17 16,26,600
EURO 0.01 1.57 0.645 0.67 0.64 41,29,900
UMW 0.18 1.54 11.88 11.9 11.7 31,12,800
TEOSENG 0.02 1.42 1.43 1.44 1.35 20,69,500
LIONFIB 0.01 0.86 1.17 1.18 1.14 9,48,000
Highlighting HOVID BHD addressing Consumer Industry
Hovid Berhad is engaged in the manufacture and sell of pharmaceutical and herbal products. The company operates through two segments, Pharmaceutical and Phytonutrient. It is involved in extracting and processing nutrients from palm oil for manufacturing and producing pharmaceutical, phytonutrient, and oleochemicals/biodiesel products. The company offers special drug delivery systems, including modified release formulations and bio-availability enhanced formulations; ethical products, such as anti-biotics, anti-diabetics, anti-hypertensives, and anti-malarial and anti-inflammatory analgesics; dietary supplements; and consumer products, as well as extracts palm tocotrienol complex, mixed carotenoid complex, and phytosterols from palm fruits. It also owns and manages a chain of concept stores selling over-the-counter health food products, consumer products, supplements, and herbal products. In addition, the company is engaged in establishing, maintaining, and operating laboratories and shops for carrying on chemical, physical, and other research and development activities in medicine, chemistry, industry, and other fields. Further, it is involved in trading and marketing pharmaceutical products, medical supplies, and health and wellness products. Hovid Berhad operates in Asia, Africa, North and South America, and the Pacific Island. The company is based in Ipoh, Malaysia.
  P { margin-bottom: 0.21cm; }
FUNDAMENTALS:
Comparison of Income, Balance Sheet and Key ratios on Previous Year over Year basis showing Growth of the Company.
  • Company is having strong fundamentals which are constantly increasing on Y-o-Y basis.
  • Operating margin increased over three fiscal years 30/06/2011 to 30/06/2013, it evaluate what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc. A healthy operating margin is required for a company to be able to pay for its fixed costs, such as interest on debt. More is the operating margin, more is the dollar per sales.
  • Return on Equity Capital is important to equity shareholders who are interested to know profits earned by the company and those profits which can be made available to pay dividends to them. Interpretation of the ratio is similar to the interpretation of return on shareholder’s investments and higher the ratio better is.
  • Current Ratio is ability to pay short-term obligations. The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
  • The debt-to-capital ratio addresses the company's financial structure, or how it is financing its operations, along with some insight into its financial strength. The lesser the debt-to-capital ratio, the lower debt that company has compared to its equity.

RECENT ANNUONCEMENTS:
As per the recent announcement, Directors of the Company of their intention to deal in the securities of Hovid during the closed period pending the announcement by Hovid of its results for the financial quarter ended 30 June 2014.
  • 286,776,400 no. shares are directly held by the Chairman and Managing Director.
  • 331,555 no. shares are directly held by the Executive Director.
  • 1,765,830 no. shares are directly held by the Executive Director.
Interim Dividend of 0.5 cents per share under the single tier system for the financial year ending 30 June 2014.
OUTLOOK:
Hovid is looking to export to emerging markets and the Middle East, which it has yet to tap. Its export contributions may increase to 56% in the financial year (FY) 2016, should this expansion prove successful. Hovid is set for a good FY2015 ahead, given abundant opportunities in both domestic and global pharmaceutical markets. We anticipate that its net profit may grow at a CAGR of 18.5% in FY2014-2016 or RM20.7 million to RM32.7 million, on the back of growing affluence, health awareness and healthcare expenditure in the markets that it operates in.
Hovid is good for its robust revenue pipeline, strong and wide exposure to the export market, and decent return on equity of 12-13% in FY2014-2015.
OUR VIEW:
As per the Fundamentals, HOVID is good for generating profit. Technical also support the Stock as EMA 20 DAY is above its EMA 50 DAY and share prices lied above the major support 0.415.

Friday, July 25, 2014

Singapore Stock Review 21-25 July

Weekly wrap of STI:
Straits Times Index up 2.40 points to 3,357.11 today .Asian markets rose as an index of Chinese manufacturing activity hit an 18-month high in July, boosting hopes for the world’s number two economy, as concerns over the Ukraine crisis eased. This week started with the breakout seen from the strong resistance level of 3308.72 and the market was up through the week. Open of the week was observed at 3313.83, close was at 3340.42.
STI
STI Day Performance
OPEN 3313.83
HIGH 3357.35
LOW 3309.17
CLOSE 3350.17
CHANGE (In Points) 29.89
% CHANGE 0.894
Market Forecast for week ahead:
With the ease over Ukraine crises the market took a good move this week. We may expect that the market will take correction the coming week and can be bearish for some days in a week but may end bullish breaking this week’s high.
Technical Indicators:
Relative Strength Index (RSI) is above the centre line showing bullishness in the market and is at 61.89.CCI is at 67.93. The prices are above 20 & 50 days EMA.
STI LEVELS
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3250 3200 3150 3380 3450 3480
Macroeconomic factors:
  • Singapore home prices will probably declines as the government sticks with curbs, according to Keppel Land, signalling further losses for Asia’s second-most expensive housing market.
  • RESALE prices of public housing in Singapore fell 1.4 per cent in the second quarter compared to the preceding quarter.
  • Consumer Confidence in Singapore remained stable at 98 index points in the Q2 of 2014, falling by just one point from the previous quarter.
  • OFFICE rents and RETAIL rents in Singapore continued to rise, climbing 2.8 per cent in the second quarter following the 2.4 per cent increase in the first quarter of this year. Retail increased by 0.6% in Q2.
  • Singapore Exchange strengthens ties in India, opens liaison office in Mumbai on approval from the Reserve Bank of India.
  • Singapore Exchange (SGX) is pleased to welcome First Sponsor Group Limited to its Main board under the stock code of “ADN”.

Wednesday, July 23, 2014

Daily KLCI Technical analysis Report 23 July


Market Review for KLCI:
Malaysian stocks opened on a mixed note or can say slightly higher on getting a buying momentum with KLCI at 1870.41and closed higher today helped by the continued buying support in selected heavyweights. Most Asian stock markets were higher today as anxiety over the downing of Malaysia Airlines MH17 flight eased and investors shifted their focus to the US corporate earnings.
KLCI Day Performance
Open
1870.41
High
1873.70
Low
1869.39
Close
1871.83
Change(Points)
0.470
% Change
0.02%
Volume
2329.1M
Rise
468
Fall
393
Unch
794
Market forecast for KLCI:
Market may begin from 1870-1873 level anticipated to move up on eased tensions over the downing of Malaysia Airlines MH17 flight.

KLCI LEVELS
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1860 1850 1835 1879 1896 1911
Technical indicators:
RSI stood below the centre line at 41.472 with its CCI at -146.35. Difference line of MACD performed at -1.463 below its signal line which performed at 1.147.

Top Gainers
Top Losers
Scrip Name CMP %change Scrip Name CMP %change
FGV 4.11 2.49 ASTRO 3.29 -2.66
MISC 6.63 1.69 PPB 14.18 -1.53
HLFG 17.5 1.51 PETDAG 19.34 -1.33
YTL 1.57 1.29 RHBCAP 9 -1.1
UMW 11.62 0.87 KLCC 6.36 -1.09
ECONOMIC FACTORS:
  • The Malaysian Automotive Association (MAA) revised upwards its total industry volume (TIV) forecast for this year to 680,000 units from the earlier target of 670,000 units.
  • The ringgit opened marginally higher against the US dollar quoting at 3.1735/1755 on renewed commercial demand for the domestic currency.
  • The Malaysian rubber market closed marginally lowers yesterday on stronger ringgit despite the rise on the benchmark Tokyo Commodity Exchange.
  • Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on weak demand amid bearish external sentiment.
  • The Malaysian Institute of Economic Research (MIER) does not expect Bank Negara Malaysia to step up borrowing costs in the immediate term.

Singapore SGX : STI Technical Review 23 July

Market Review for STI:
Share prices opened higher at 3327.54 with STI up 10.63 points. Consumer Confidence in Singapore remained stable at 98 index points in the Q2 of 2014, falling by just one point from the previous quarter. STI movement is seen exactly as per our predictions. Closing was observed at 3340.70.


STI Day Performance
Open
3327.54
High
3341.49
Low
3325.57
Close
3340.70
Change(Points)
+23.79
% Change
+0.72%
Volume
1656.4M
Rise
227
Fall
185
Unch
373
Market forecast for STI:
Property and service sector helped the index to move and the data came out to be positive which may result in further growth and the index may break the higher levels.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3320
3300
3280
3350
3365
3380
Technical indicators:RSI is at 71.47 .CCI is at 192.77. Index is above the 20&50 days EMA.
Top Gainers
Top Losers
Scrip Name CMP %change Scrip Name CMP %change
Olam Intl 2.53 2.85 Golden Agri-Res 0.55 -0.9
Global Logistic 2.78 2.21 CapitaMall Trust 2 -0.5
Jardine C&C 46.9 1.98 CityDev 10.42 -0.48
DBS 17.91 1.7 Sembcorp Marine 4.1 -0.24
ST Engineering 3.79 1.34 SPH 4.16 -0.24
Important Factor for today:-
  • Singapore Exchange strengthens ties in India, opens liaison office in Mumbai on approval from the Reserve Bank of India.
  • CONSUMER price inflation in Singapore eased more than expected to 1.8 per cent in June from 2.7 per cent in May, mainly on account of a more moderate increase in car prices.
  • Capitamall Trust recorded a 6.3% rise in Q2 distribution per unit to 2.69 Singapore cents, up from 2.53 cents a year ago on higher rental and high occupancy rates.
  • Frasers Centrepoint Trust reported a 6% rise in distribution per unit to 3.022 Singapore cents in the Q3 ended June 30.
  • Suntec Reit announced a distribution per unit of 2.266 Singapore cents for its Q2 ended June 30, 2014, a slight increase from 2.249 Singapore cents a year ago, to be paid on Aug 22, 2014.

Tuesday, July 22, 2014

SGX Singapore : STI Technical Outlook 22 July

Market Review for STI:
SINGAPORE share prices opened lower today with the Straits Times Index down 1.79 points to 3,311.68. Hong Kong stocks rose 0.34 per cent in the first few minutes of trade as tensions over the crisis in Ukraine eased after pro-Russian rebels handed over two black boxes from a downed Malaysia Airlines jet.STI opened at 3311.68 and the close was observed at 3316.91.
STI Day Performance
Open
3311.68
High
3321.62
Low
3309.27
Close
3316.91
Change(Points)
+2.64
% Change
+0.08
Volume
2086.6M
Rise
210
Fall
166
Unch
408
Market forecast for STI:
STI opened lower but closed higher following its uptrend. Though the day range is small but the trend is up which is expected to continue. We may expect that it will move in a range of 3310-3325.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3310
3300
3290
3325
3340
3350
Technical indicators:
RSI is above the centre line at 64.80 and CCI is at 143.68. Indicators are supportive to the bullish trend with index trading up of 20 & 50 days EMA.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
CapitaMall Trust
2.01
1.26
JSH 500 USD
35.8
-1.11
CityDev
10.47
1.16
Global Logistic
2.72
-1.09
StarHub
4.17
0.97
Olam Intl
2.46
-0.81
DBS
17.61
0.74
Ascendas Reit
2.32
-0.43
Sembcorp Marine
4.11
0.49
SGX
6.94
-0.43
Important Factor for today:-
  • SINGAPORE Exchange announced that its liaison office in Mumbai, India, has started operations following approval from the Reserve Bank of India.
  • Vard Holdings, the designer and shipbuilder of offshore and specialised vessels, today announced earnings for 2Q ended June (2Q2014) stood at NOK 105 million ($21 million).
  • First Sponsor Group is a developer and owner of residential and commercial properties in Chengdu and Dongguan, China, and also provides property financing services. The group is supported by prominent shareholders, Hong Leong Group Singapore and Tai Tak Estates Sendirian Berhad.
  • SUNTEC Reit announced a distribution per unit of 2.266 Singapore cents for its second quarter ended June 30, 2014, a slight increase from 2.249 Singapore cents a year ago.

Monday, July 21, 2014

SGX : STI Technical Analysis Reprot 21 July

Market Review for STI:
Singapore shares opened higher, with Straits Times Index at 3,313.83 in early trade, up 0.11 per cent. The equity markets had a good start today after Malaysian Airlines flight MH17 crashed near the Ukraine-Russia border. STI managed to end the day in positive territory at 3314.27 points. Closes higher than the previous day close. High and low was observed at 3320.25 & 3309.17.
STI Day Performance
Open
3313.83
High
3320.35
Low
3309.17
Close
3314.27
Change(Points)
+3.74
% Change
+0.11%
Volume
1528.8M
Rise
203
Fall
181
Unch
401
Market forecast for STI:
STI formed a green doji indecisive candlestick which is indicating indecision for buying and selling. The next candle formation can confirm whether the index will move up or consolidate. We may expect a bullish trend as per indicators.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3300
3285
3270
3325
3340
3350
Technical indicators:RSI is at 63.932, CCI is at 159.01 .MACD is at 4.15.
Top Gainers
Top Losers
Scrip Name
CMP
% change
Scrip Name
CMP
% change
Olam Intl
2.48
1.64
Jardine C&C
46.09
-1.14
CapitaLand
3.29
0.92
ST Engineering
3.74
-0.8
ComfortDelGro
2.58
0.78
SIA Engineering
5.1
-0.39
JSH 500 USD
36.2
0.69
Genting Sing
1.32
-0.38
SIA
10.55
0.57
Global Logistic
2.75
-0.36
Important Factor for today:-
  • The tourism receipt tally in Singapore rose to $6 billion in the first quarter of 2014, a five per cent increase on the same period last year.
  • Golden Agri-Resources, the Singapore-listed holding company of crude palm oil producer PT Sinar Mas Agro Resources and Technology (SMART), has invited Spain-based Compania Espanola de Petroleos (Cepsa) to produce and sell fatty alcohol.
  • Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about $600 million from Saipem SA, France for the conversion of Two FPSOs for the Kaombo Project in Offshore Angola.
  • UOB’s economic-treasury research division says in a note today that these geo-political tensions could continue to negatively impact markets.
  • CapitaCommercial Trust (CCT) reported 2Q14 distributable income of S$64.1m – 7.6% higher YoY. This cumulates to an YTD distributable income of S$124.0m, which is within expectations and makes up 51.0% of our FY14 forecast.

STOCK Updates : KLCI Technical Review 21 July

Market Review for KLCI: 
Malaysian stocks opened on a mixed note with KLCI at 1874.34. Share prices on Bursa Malaysia remained lower at mid-morning today, weighed on by weak buying sentiment. Local market sentiment remained cautious as fears about Portugal’s banking sector receded and investor attention turned to United States corporate earnings and monetary policy and China’s Q2 economic data. Trading sentiment was adversely impacted last Friday due to rising geopolitical tensions sparked by the downing of (Malaysia Airlines) MAS passenger airline MH17 and Israel’s ground offensive in Gaza. THE local bourse is expected to be jittery this week on the back of on-going world conflicts and the shock from the downing of Malaysian Airlines’ (MAS) Flight MH17 in eastern Ukraine.
KLCI Day Performance
Open
1874.34
High
1876.83
Low
1867.34
Close
1868.64
Change(Points)
-4.330
% Change
-0.23%
Volume
2404.4M
Rise
400
Fall
451
Unch
796
Market forecast for KLCI:
Market is under selling pressure it might open tomorrow near 1868 level. As per the technical, prices are anticipated to continue the same.
KLCI LEVELS
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1872 1862 1845 1895 1910 1916
Technical indicators:
RSI stood below the centre line at 38.715 with its CCI at -216.91. Difference line of MACD performed at 0.222 below its signal line which performed at 2.773.
Top Gainers
Top Losers
Scrip Name CMP %change Scrip Name CMP %change
ASTRO 3.37 4.01 PETDAG 19.98 -3.57
GENM 4.26 1.43 MISC 6.38 -3.48
UMW 11.66 0.52 HLFG 17.04 -3.18
PBBANK 20.12 0.5 IHH 4.67 -2.1
KLCC 6.4 0.47 PETGAS 23.4 -1.6
Economic Factors:
  • The ringgit opened broadly higher against the US dollar and other major currencies today on renewed demand for the domestic currency.
  • The Malaysian rubber market closed marginally lower today, weighed on by the stronger ringgit.
  • Volatility spiked on Thursday after the tragedy of a downed Malaysian Airlines jet in Ukraine and the mounting death toll in Gaza and Israel interrupted the summer trading slumber. Still, the bears may have to wait a while to call the start of a correction. Uncertainly took over Wall Street Thursday as investors fled stocks, giving the S&P 500 its first decline of more than 1% in three months. The Volatility Index (VIX) posted its biggest one-day percentage increase since April last year, surging 32%. Volume jumped 20 % compared to the average so far this month.

 
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