Market Review for KLCI:
Malaysian stocks opened on a mixed note with KLCI at 1874.34. Share prices on Bursa Malaysia remained lower at mid-morning today, weighed on by weak buying sentiment. Local market sentiment remained cautious as fears about Portugal's banking sector receded and investor attention turned to United States corporate earnings and monetary policy and China's Q2 economic data. Trading sentiment was adversely impacted last Friday due to rising geopolitical tensions sparked by the downing of (Malaysia Airlines) MAS passenger airline MH17 and Israel's ground offensive in Gaza. THE local bourse is expected to be jittery this week on the back of on-going world conflicts and the shock from the downing of Malaysian Airlines' (MAS) Flight MH17 in eastern Ukraine.
KLCI Day Performance | |
Open | 1874.34 |
High | 1876.83 |
Low | 1867.34 |
Close | 1868.64 |
Change(Points) | -4.330 |
% Change | -0.23% |
Volume | 2404.4M |
Rise | 400 |
Fall | 451 |
Unch | 796 |
Market forecast for KLCI:
Market is under selling pressure it might open tomorrow near 1868 level. As per the technical, prices are anticipated to continue the same.
KLCI LEVELS | |||||
Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
1872 | 1862 | 1845 | 1895 | 1910 | 1916 |
Technical indicators:
RSI stood below the centre line at 38.715 with its CCI at -216.91. Difference line of MACD performed at 0.222 below its signal line which performed at 2.773.
Top Gainers | Top Losers | ||||
Scrip Name | CMP | % change | Scrip Name | CMP | % change |
ASTRO | 3.37 | 4.01 | PETDAG | 19.98 | -3.57 |
GENM | 4.26 | 1.43 | MISC | 6.38 | -3.48 |
UMW | 11.66 | 0.52 | HLFG | 17.04 | -3.18 |
PBBANK | 20.12 | 0.5 | IHH | 4.67 | -2.1 |
KLCC | 6.4 | 0.47 | PETGAS | 23.4 | -1.6 |
Economic Factors: