Malaysian Stock Market Updates for 1 July

Market Review for KLCI:
Maintaining uptrend in longer term, Malaysian share prices opened lower with minor cents gap down, KLCI 3.470 points down to 1879.24. Index moved within a range of 3.69 points.

KLCI Day Performance
Open	1879.24
High	1880.29
Low	1876.60
Close	1879.12
Change(Points)	-3.590
% Change	-0.19%
Volume	1692.3M
Rise	369
Fall	415
Unch	1432

Market forecast for KLCI:
Market formed a Doji candlestick pattern formed for the day in red market. Doji convey a sense of indecision between buyers and sellers. A minor support is found near 1879.12 levels which may break off or reverse back on the next price movements.

KLCI LEVELS
Support 1	1866
Support 2	1856
Support 3	1840
Resistance 1	1890
Resistance 2	1900
Resistance 3	1915

Technical indicators:
RSI stood below the centre line at 51.340 with its CCI at 18.560. Difference line of MACD performed at 3.958 overlapped its signal line which performed at 4.105.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
BAT	66.66	1.71	ASTRO	3.38	-2.87
HLBANK	13.9	0.72	IOICORP	5.16	-1.71
PBBANK	19.72	0.71	GENM	4.13	-1.67
UMW	10.96	0.37	PPB	14.9	-1.59
AMBANK	7.14	0.28	AXIATA	6.9	-1

Economic Factors:

• Local currency “Ringgit” opened higher against US dollar as investors turned cautious towards the greenback ahead of the US June non-farm payrolls report expected to be released on Thursday.
• The record RM3.25 billion of ringgit denominated sukuk issued by Malaysian Islamic banks in the first half of 2014 is driven by rapid asset growth.