Market Review and forecast

Market Review for KLCI:

The FBM KLCI index lost 1.96 points or 0.12% on Thursday. The Finance Index fell 0.58% to 14267.19 points, the Properties Index up 0.16% to 1154.09 points and the Plantation Index rose 0.45% to 7516.1 points. The market fluctuated between a high of 1635 and low of 1621 throughout the trading session on Thursday. The KLCI continued with its losses inspite of overnight mixed performance in Wall Street after Federal Reserve meeting minutes boosted speculation that the central bank will raise interest rates as soon as June.

 Market forecast for KLCI: 

The FBMKLCI failed to continue with past two days bullish streak on Thursday and closed in red.The KLCI Closed at the level of 1633, almost in the same zone as on Tuesday. The bearish closing just before the last trading day of the week sends in negative signals with even less volume expected on Friday. Any move above the 1637 level is  expected to touch the 1643 level whereas a bearish swipe below the 1621 level is expected to fall till 1611.

                                 

Top Gainers
Scrip Name	CMP	%change
MAYPAK	0.485	21.25
WOODLAN	0.48	15.36
CHEEWAH	1.37	10.48
WELLCAL	2.48	7.83
MERCURY	1.35	7.14

Top Losers
Scrip Name	CMP	%change
ATURMJU	0.92	-29.77
MYCORN	0.48	-10.28
PPG	0.51	-8.26
SAPRES	1	-7.53
MILUX	0.88	-7.37

malaysian Shares end higher

                                          Todays News

 

Shares end higher

MALAYSIAN shares finished higher on Friday with the Kuala Lumpur Composite Index adding 5.28 point to close at 1,663.44. Somewhere in the range of 1.69 billion parcels, esteemed at RM1.95 billion were exchanged. Gainers numbered 335 while failures numbered 492.

Stocks rise, Sharp plunges on takeover questions

Tokyo stocks rose Friday as poor expansion information prodded talk of more national bank jolt, while Sharp plunged after the guardian organization of Taiwan's Foxconn deferred fixing a multi-billion-dollar takeover of the Japanese hardware mammoth. The benchmark Nikkei 225 record at the Tokyo Stock Exchange was up 0.30 for every penny, or 48.07 focuses, to complete at 16,188.41, while the Topix file of all first-segment offers rose 0.29 for every penny, or 3.73 focuses, to 1,311.27.

 

Todays signal

 

Hang Seng Intraday: the bias remains bullish

 

Long positions above 18860 with targets @ 19500 & 19750 in extension.

 

 Supports and resistances:
20000
19750
19500
19365 Last
18860
18700
18500

                                          Top gainers

Stock Name	Open	Range	Last	Change	Volume
AEONCR	11.44	11.44 - 11.80	11.72	+0.28 (2.45%)	38800
PETGAS	21.9	21.86 - 22.24	22.18	+0.28 (1.28%)	763800
GENTING	7.78	7.78 - 8.00	8	+0.24 (3.09%)	5112800
PPB	15.82	15.76 - 16.12	16.06	+0.24 (1.52%)	672100
CIMB	4.33	4.32 - 4.48	4.47	+0.22 (5.18%)	21884200
PANAMY	25	24.90 - 25.20	25.2	+0.20 (0.80%)	14700
PETDAG	24.96	24.96 - 25.32	25.14	+0.20 (0.80%)	1695100
PESTECH	6.27	6.27 - 6.55	6.46	+0.19 (3.03%)	687400
TGUAN	3.14	3.11 - 3.18	3.16	+0.18 (6.04%)	2081600
AJI	9	9.00 - 9.40	9.17	+0.17 (1.89%)	78500
AMBANK	4.39	4.38 - 4.50	4.5	+0.16 (3.69%)	3307100
PIE	10.8	10.78 - 11.00	11	+0.16 (1.48%)	275400
ANALABS	2.07	2.07 - 2.20	2.2	+0.15 (7.32%)	10000
TGUAN-WA	2.09	2.00 - 2.09	2.05	+0.15 (7.89%)	312800
INNITY	0.5	0.50 - 0.575	0.575	+0.135 (30.68%)	6300
HSI-C22	0.6	0.60 - 0.69	0.69	+0.135 (24.32%)	723500
AHEALTH	3.48	3.48 - 3.54	3.54	+0.13 (3.81%)	79800
F&N	20	19.80 - 20.00	19.98	+0.12 (0.60%)	33500
SAB	3.72	3.72 - 3.82	3.82	+0.12 (3.24%)	17800
GTRONIC	5.45	5.40 - 5.51	5.5	+0.12 (2.23%)	648400
TGUAN-LA	2.9	2.85 - 2.94	2.9	+0.12 (4.32%)	242300
IJMPLNT	3.62	3.62 - 3.73	3.73	+0.11 (3.04%)	81500
SIME	7.61	7.59 - 7.85	7.71	+0.11 (1.45%)	5438400
SPSETIA	2.93	2.93 - 3.00	3	+0.11 (3.81%)	583300
PHARMA	5.94	5.85 - 6.06	5.94	+0.10 (1.71%)	106800
SHANG	5.65	5.64 - 5.65	5.64	+0.09 (1.62%)	36000
EKIB	1.17	1.16 - 1.26	1.26	+0.09 (7.69%)	382500
HSI-C20	0.35	0.34 - 0.40	0.4	+0.085 (26.98%)	1064200
HLFG	14.04	14.00 - 14.16	14.1	+0.08 (0.57%)	384500
PBBANK	18.42	18.36 - 18.46	18.46	+0.08 (0.44%)	7407600

UK raises terror risk level for go to Malaysian resorts in Sabah

                                                           
Todays News

1.The UK joined Australia and New Zealand in notice nationals against go to beach front islands in the east Malaysia condition of Sabah circumscribing the Philippines, refering to high dangers to outsiders of grabbing and guiltiness. There has been an expansion in hijacking by gatherings working in the southern Philippines, some with the capacity to lead abducts on the shoreline of Sabah, the workplace said, while likewise refering to a seismic tremor that occurred in June and expanded occurrences of fog.

2. France's Lagarde named for second term to lead IMF
                                                                                France's Christine Lagarde, who struggled money related flames crosswise over Europe as overseeing chief of the International Monetary Fund, was authoritatively named Friday to a second five-year term. "In taking this choice, the board adulated Ms Lagarde's solid and insightful administration amid her first term," said Aleksei Mozhin, the senior member of the Fund's Executive Board.

Todays Signal

Hang Seng Intraday: restricted upside.

Long positions above 19100 with targets @ 19600 & 19750 in extension

below 19100 look for further downside with 18900 & 18500 as targets.

Supports and resistances:
19900
19750
19600
19285 Last
19100
18900
18500