Singapore Stock Exchange

Bursa Malaysia : KLCI Weekly Stock Review

Alex Gray
Publish date: Fri, 01 Aug 2014, 08:21 PM
Alex Gray
0 413
It is the high time to make the most of your surplus money. We offers free real time tips and recommendations for Stock Market, Forex, Commodity, Live Stock Market Data and more. invest with our tips and enjoy bigger profits on your small investment.
simply leave a contact no and email address or take a free trial now.
Following Message

Weekly wrap of KLCI:
Malaysian stocks opened lower today, share prices remain under selling pressure this whole week. Market weighed down by selected blue chips and heavyweight. Stock market is also waiting for the outcome of the United States Federal Reserve (Fed) policy meeting last night. 
FBMKLCI WEEK's Performance
Open
 1874.34
High
 1879.59
Low
 1867.34
Close
 1877.34
Change(Points)
 -14
% Change
 -0.74%
Market Forecast for week ahead:
Market has taken up the support at 1863, if prices rebound from this level then take a positive change otherwise KLCI fall down to the level of 1851.
Technical indicators:
RSI for this week is 52.790 with CCI at 20.693. Besides, difference line of MACD (14.101) stood above its signal line (16.909).
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
1851
1824
1792
1916
1945
1970
 ECONOMIC FACTORS:
  • Local companies, in becoming more productive, can outsource their non-core business activities to experts at competitive pricing.
  • REAL Estate and Housing Developers Association (Rehda) president Datuk Seri FD Iskandar Mansor says property prices will continue to rise because of the supply and demand factor and high land cost.
  • Engineering firm George Kent (Malaysia) Bhd recorded a 41.7 per cent jump in net profit to RM36.2 million and a 82.9 per cent year-on-year rise in revenue to RM506.3 million for its financial year ended January 31 2014.
  • Malaysian banks underweight given the new threats to earnings growth despite the recent interest rates hike due to intensified competition for deposits, lethargic business loan growth, rising capital requirements, a new ruling on Islamic deposits and unattractive valuations.
  • 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.
More articles on Singapore Stock Exchange
1MDB: Goldman Sachs faces suit over ties to Malaysian fund

Created by Alex Gray | Jul 27, 2016

KLCI Malaysia Market Review & Tomorrow Forecast

Created by Alex Gray | Jul 26, 2016

Weekly Wrap of KLCI And Forecast for Week Ahead

Created by Alex Gray | Jul 08, 2016

Malaysia Market: Companies That May Be In Focus On Friday

Created by Alex Gray | Jul 06, 2016

EURCAD‬: CAN GO ANY SIDE

Created by Alex Gray | Jun 30, 2016

Malaysia Inflation Rate at 13-Month Low

Created by Alex Gray | Jun 18, 2016

EUR/USD Fundamental Forecast - May 24, 2016

Created by Alex Gray | May 24, 2016

KLCI Will Rose on Tuesday- Malaysia Stock Market Forecast

Created by Alex Gray | May 23, 2016

Malaysia's KLSE Stock Market Forecast for Friday, 20 May 2016

Created by Alex Gray | May 19, 2016

Market Forecast for KLCI Malaysia: Thursday, 19 May 2016

Created by Alex Gray | May 18, 2016

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment