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Malaysian Stock Market Updates for 1 July

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Publish date: Tue, 01 Jul 2014, 08:27 PM
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Market Review for KLCI:
Maintaining uptrend in longer term, Malaysian share prices opened lower with minor cents gap down, KLCI 3.470 points down to 1879.24. Index moved within a range of 3.69 points.
KLCI Day Performance
Open1879.24
High1880.29
Low1876.60
Close1879.12
Change(Points)-3.590
% Change-0.19%
Volume1692.3M
Rise369
Fall415
Unch1432
Market forecast for KLCI:
Market formed a Doji candlestick pattern formed for the day in red market. Doji convey a sense of indecision between buyers and sellers. A minor support is found near 1879.12 levels which may break off or reverse back on the next price movements.
KLCI LEVELS
Support 11866
Support 21856
Support 31840
Resistance 11890
Resistance 21900
Resistance 31915
Technical indicators:
RSI stood below the centre line at 51.340 with its CCI at 18.560. Difference line of MACD performed at 3.958 overlapped its signal line which performed at 4.105.
Top Gainers Top Losers
Scrip NameCMP%changeScrip NameCMP%change
BAT66.661.71ASTRO3.38-2.87
HLBANK13.90.72IOICORP5.16-1.71
PBBANK19.720.71GENM4.13-1.67
UMW10.960.37PPB14.9-1.59
AMBANK7.140.28AXIATA6.9-1
Economic Factors:
  • Local currency "Ringgit" opened higher against US dollar as investors turned cautious towards the greenback ahead of the US June non-farm payrolls report expected to be released on Thursday.
  • The record RM3.25 billion of ringgit denominated sukuk issued by Malaysian Islamic banks in the first half of 2014 is driven by rapid asset growth.
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