Investment Tips

STI & KLCI Stock Market Review

krissparkar
Publish date: Wed, 02 Jul 2014, 07:58 PM
Asian Stock Exchange has always been an enticing market for smart and sophisticated investors. But it's the irony of any Share Market, if one wins other has to lose. We are here to meet all your investment needs as we provide finest research based advice for trading in stock market, Forex and Commodity to makes you is invincible winner of this unpredictable market and lets you make money hands down.

Market Review for STI:
STI up by 11 points and opened at 3254.490. Asian stocks rose, with the regional index extending gains from a six-year high, after reports showing manufacturing expansion in the world's two biggest economies sent U.S. equity gauges to records. Close for the day was observed at 3263.910 and the high and low at 3264.180 & 3250.530.Market today was at a good pace, many of the Asian counters are on higher levels.

STI Day Performance
Open 3254.490
High 3264.180
Low 3250.530
Close 3263.910
Change(Points) +21.270
% Change +0.66
Volume 1913.0M
Rise 248
Fall 146
Unch 731

Market forecast for STI:
After the downfall from the level of 3300 to 3250, market reversed its trend and stated moving up. This level of rise would indicate a bullish trend in the market. We may expect buying in it.
Technical indicators:
RSI is near to centre line and is at 48.058; CCI is at -83.285.The 20days EMA &50 days EMA is at 3269.117&3255.790.

STI LEVELS
Support 1 3260
Support 2 3255
Support 3 3250
Resistance 1 3269
Resistance 2 3272
Resistance 3 3280

Important Factor for today:-

  • BBR Holdings has secured a $196 million contract to construct a new hall of residence at Nan yang Technological University (NTU).
  • Asian stocks rose, with the regional index extending gains from a six-year high, after reports showing manufacturing expansion in the world's two biggest economies sent U.S. equity gauges to records.
  • Singapore's Frasers Centre point (FCL), a company backed by Thai billionaire Charoen Sirivadhanabhakdi, has reached a deal to buy Australia's Austral and Property Group for about A$2.6 billion ($3.07 billion).
Top Gainers Top Losers
Scrip Name CMP %change Scrip Name CMP %change
Jardine C&C 44.47 2.21 Olam Intl 2.49 -1.19
Noble 1.39 2.21 CapitaMall Trust 1.95 -0.51
Ascendas Reit 2.32 1.75 ST Engineering 3.81 0.26
ComfortDelGro 2.5 1.63 Keppel Corp 10.74 0.28
JSH 500 USD 36.8 1.29 OCBC Bank 9.48 0.32

Market Review for KLCI:
Malaysian Share prices opened on a mixed note with KLCI down to 0.11 points to 1879.01. Market boosted buying sentiments in green market. If market opens above 1886.84 tomorrow, it may trade in between.

KLCI Day Performance
Open 1879.01
High 1886.84
Low 1877.84
Close 1886.84
Change(Points) 7.720
% Change 0.41%
Volume 1878.7M
Rise 470
Fall 336
Unch 831

Market forecast for KLCI:
KLCI found minor support near 1879.12 levels; buyers dominated sellers and formed a green candle for the day. It is still below the resistance of 1892.33, if it is broken by the higher prices, expected to go up.

KLCI LEVELS
Support 1 1867
Support 2 1857
Support 3 1842
Resistance 1 1896
Resistance 2 1906
Resistance 3 1921

Technical indicators:
RSI stood below the centre line at 57.252 with its CCI at 65.832. Difference line of MACD performed at 4.143 overlapped its signal line which performed at 4.209.

Top Gainers Top Losers
Scrip Name CMP %change Scrip Name CMP %change
PPB 15.2 2.01 PETDAG 23.82 -0.67
TENAGA 12.38 1.48 HLBANK 13.86 -0.29
SKPETRO 4.4 1.38 GENTING 9.93 -0.2
IOICORP 5.23 1.36 KLCC 6.52 -0.15
FGV 4.21 1.2 MAYBANK 9.84 0.1

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