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Wednesday, August 13, 2014

Bursa Malaysia : KLCI Technical Analysis 13 Aug


Market Review for KLCI:
FBMKLCI opened higher this morning lifted by buying support despite the overnight weak performance on Wall Street. The Bursa Malaysia key index, FBM KLCI was 7.65 points or 0.41% higher. There were 409 gainers, 316 losers and 327 counters traded unchanged on the Bursa Malaysia. Wall Street ended lower yesterday following the disappointing German economic data as well as ahead of the US retail sales report.
KLCI Day Performance
Open
1853
High
1858
Low
1849
Close
1858
Change(Points)
7.650
% Change
0.41%
Volume
3587.3M
Rise
544
Fall
313
Unch
1428
Market forecast for KLCI:
KLCI has formed a green candlestick pattern above previous session’s close. It is anticipated to open tomorrow in between 1856-1860 and may perform well on an account of growing economy.
KLCI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
1850
1839
1825
1867
1882
1896
Technical indicators:RSI stood below the centre line at 42.702 with its CCI at -109.251. Difference line of MACD performed at -6.426 below its signal line which performed at -3.154.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
PPB.KL
15.24
3.67
SKPETRO.KL
4.19
-1.18
PETGAS.KL
22.26
2.58
DIGI.KL
5.62
-0.71
FGV.KL
4.06
2.27
UEMS.KL
2.03
-0.49
MISC.KL
6.73
2.12
HLFG.KL
17.04
-0.35
GENM.KL
4.37
1.63
AXIATA.KL
6.95
-0.29
Economic Factors:
  • The ringgit opened slightly higher against the US dollar in early trade this morning on mild buying.
  • Press Metal Bhd's shares rose 15 sen to RM6.25 following its bullish second quarter results posted yesterday.
  • The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts ended untraded yesterday.
  • Crude palm oil (CPO) futures prices rebounded to close higher yesterday after touching a one-year low on Monday, supported by renewed demand for the commodity.
  • The local rubber market extended its losses yesterday in tandem with the downtrend on the Tokyo Commodity Exchange (Tocom). The rubber futures prices on Tocom had been affected by the uncertainties in crude oil prices.
  • Petroliam Nasional Bhd’s (Petronas) net profit inched up to RM39.81 billion in the first six months of this year from RM35.63 billion a year ago. Its revenue rose 12% to RM169.40 billion from RM151.10 billion in the same period last year. The group said the stronger revenue was mainly due to higher oil and gas production volume, petroleum products and LNG trading volume.

 
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