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 |
Open | 1879.24 |
High | 1880.29 |
Low | 1876.60 |
Close | 1879.12 |
Change(Points) | -3.590 |
% Change | -0.19% |
Volume | 1692.3M |
Rise | 369 |
Fall | 415 |
Unch | 1432 |
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 1 | 1866 |
Support 2 | 1856 |
Support 3 | 1840 |
Resistance 1 | 1890 |
Resistance 2 | 1900 |
Resistance 3 | 1915 |
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 Name | CMP | %change | Scrip Name | CMP | %change |
BAT | 66.66 | 1.71 | ASTRO | 3.38 | -2.87 |
HLBANK | 13.9 | 0.72 | IOICORP | 5.16 | -1.71 |
PBBANK | 19.72 | 0.71 | GENM | 4.13 | -1.67 |
UMW | 10.96 | 0.37 | PPB | 14.9 | -1.59 |
AMBANK | 7.14 | 0.28 | AXIATA | 6.9 | -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.