*Free SGX Stock Picks* Special Offer!

Tuesday, August 19, 2014

KLCI Outlook of Malaysia Stock Market Closing 19 Aug

Market Review for KLCI:
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded on today, in tandem with regional markets, following the positive overnight performance on Wall Street, the key index opened 1.22 points firmer at 1,862.97 and stood up 2.56 points at 1,864.31. Shares on Bursa Malaysia continued the uptrend at mid-afternoon today, bolstered by gains seen in selected heavyweights and finance-linked counters.
KLCI Day Performance
Open
1862.97
High
1872.16
Low
1862.49
Close
1872.16
Change(Points)
10.410
% Change
0.56%
Volume
5112.6M
Rise
456
Fall
439
Unch
1417
Market forecast for KLCI:
Market opened at support of 1862.661 and move 10 points today in green market, it is expected the prices may cross today’s closing at 1872 and rebound the market.

KLCI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
1859
1850
1837
1882
1895
1910
Technical indicators:RSI stood below the centre line at 52.432 with its CCI at 24.611. Difference line of MACD performed at -4.343 above its signal line which performed at -5.083.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
PETDAG.KL
21.56
4.36
UEMS.KL
1.98
-1.49
RHBCAP.KL
9.5
2.37
UMW.KL
12.3
-0.49
PPB.KL
14.98
2.04
AXIATA.KL
6.95
-0.14
HLFG.KL
17.38
1.64
MAXIS.KL
6.59
0.3
BAT.KL
71.46
1.51
SIME.KL
9.55
0.42
Economic Factors:
  • The ringgit closed lower against the US dollar yesterday on profit-taking.
  • Crude palm oil (CPO) futures prices ended marginally lower yesterday due to the prevailing negative sentiment.
  • The local rubber market closed sharply lower yesterday and in line with the decline on the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange (SHFE).
  • Media sector underweight which was badly hit by the MH17 tragedy in July with total gross adex deteriorating by 9% month-on-month.
  • Malaysia Airlines (MAS), the loss-making carrier reeling from two separate aircraft disasters this year, has postponed publication of second-quarter earnings from Wednesday until Aug. 28.
  • Matrix Concepts Holdings Bhd’s Q2 net profit climbed 41.3pc to RM42.4m, from resilient demand for new launches of affordable residential and industrial properties.
  • Integrated crane fabricator and services provider Handal Resources Bhd marked a six-fold jump in H1 net profit to RM1.25 million, on favourable product mix and improved cost efficiency.

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Grants For Single Moms