Market forecast for KLCI and Top gainers & Losers

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Market forecast for KLCI:

The FBMKLCI opened at the level of 1671 on Tuesday and closed in the red at level of 1670. The trading session on Tuesday saw a low of 1666;

The market traded within a range of 8.15 points between an intra-day high of 1674.58 and a low of 1666.43 during the session. Market closed higher than the previous day and in the coming trading session it is expected to breach the resistance level of 1675. Dipping crude oil prices could be one of the reason that the market might trade sideways. If it breaches the resistance level it might go upto the level of 1685. On the other side if it tests the support level of 1662 it could cross the level and go further down to the level of 1651.

                           

TECHNICAL INDICATORS
RSI	Price line above centre line at 62.509
CCI	Above the signal line at 136.616
MACD	Above its signal line showing its cross over at 6.972

Market Review for KLCI:

Top Losers
Scrip Name	CMP	%change
MICROLN	1.5	-9.64
EUPE	0.745	-5.7
CVIEW	1.36	-5.56
SUCCESS	2.12	-5.36
JHM	1.24	-3.88

Top Losers
Scrip Name	CMP	%change
MICROLN	1.5	-9.64
EUPE	0.745	-5.7
CVIEW	1.36	-5.56
SUCCESS	2.12	-5.36
JHM	1.24	-3.88

The FBM KLCI index lost 0.29 points or 0.02% on Tuesday. The Finance Index increased 0.11% to 14270.47 points, the Properties Index dropped 0.02% to 1164.29 points and the Plantation Index rose 0.34% to 7592.65 points. The market fluctuated between a high of 1674 and low of 1666 throughout the trading session on Tuesday. The KLCI was little changed and closed marginally lower at 1670.55 points despite overnight gains in US market. Market sentiment remained muted due to lack of positive fresh leads.

Market forecast for KLCI

Market forecast for KLCI:

The FBMKLCI opened at the level of 1664 on Thursday and closed in the green at level of 1670. The trading session on Friday saw a low of 1662;

The market traded within a range of 8.93 points Market breadth was positive with 401 gainers as compared to 392 losers. Market continued to be bullish as it is currently in the uptrend. It is expected to breach the resistance level of 1675 in the coming days and could reach to the level of 1684.

Market Review for KLCI:

The FBM KLCI index gained 2.44 points or 0.15% on Monday. The Finance Index increased 0.02% to 14254.84 points, the Properties Index up 0.38% to 1164.55 points and the Plantation Index rose 0.47% to 7566.93 points. The market fluctuated between a high of 1671 and low of 1662 throughout the trading session on Monday. The KLCI erased its midday losses by ending higher at 1670.84 points despite mixed performance in Wall Street on last Friday. The performance of our local bourse was lifted by buying interest in heavy weight counters such as Maxis and Axiata. 

Top Losers
Scrip Name	CMP	%change
AFUJIYA	0.43	-10.42
MCEHLDG	0.77	-6.1
WINGTM	1.08	-6.09
SAPIND	0.91	-5.7
AIRPORT	6.11	-5.12

Top Gainers
Scrip Name	CMP	%change
MBWORLD	1.26	11.5
MENANG	0.995	11.17
MBMR	2.43	10.96
PUNCAK	1.09	7.92
FGV	1.67	7.74

              

TECHNICAL INDICATORS
RSI	Price line above centre line at 62.718
CCI	Above the signal line at 135.576
MACD	Above its signal line showing its cross over at 6.206

KLCI COUNTER SPECIFIC NEWS :

• Goodway Integrated Industries Bhd said it was unaware of reasons behind the recent spike in the company’s share price, after being issued an unusual market activity query by Bursa Malaysia last Thursday.
• Oldtown Bhd has allowed G&L Food and Beverage Management Co Ltd to operate and sub-license the territorial rights of its Oldtown White Coffee business in Jiangsu, China.
• Malaysia Airports Holdings Bhd (MAHB) said yesterday it has been receiving regular updates from its Istanbul Sabiha Gokcen International Airport (ISG) on the situation following reports of an attempted military coup in Turkey.
• CIMB Group Holdings Bhd and AMMB Holdings Bhd (AmBank) are the two latest banks which announced that they will be reducing their respective base rates (BR) and base lending rates (BLR) by 20 basis points each following the cut in the Overnight Policy Rate (OPR) last week.
• SKP Resources Bhd, which secured new orders worth an estimated RM500 million a year last Friday, said it will have to discontinue a RM400 million a year contract manufacturing job to manage labour resources.
• Sepang International Circuit Sdn Bhd (SIC) is investing RM1.13 billion on a master plan that will transform the circuit into an integrated, multi-faceted entertainment hub over the next five to seven years.

  

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

Latest Stock Market News for Malaysia

Malaysia: Shares open slightly lower on Monday

MALAYSIA share pricess opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 0.630 points to 1628.520. Volume was 35.02 million sections worth RM10.9 million.

US dollar rises

A US dollar gage held over a six-week high achieved Friday after the greatest increment in shopper spending in a year provoked some in the business sector to conjecture that merchants would help the chances of a Federal Reserve financing cost build this year.

                                               Top gainers

Stock Name	Open	Range	Last	Change	Volume
DLADY	55.3	55.30 - 56.10	56	+0.88 (1.60%)	3600
HLIND	7.5	7.49 - 7.70	7.69	+0.20 (2.67%)	140200
VERSATL	1.03	0.965 - 1.10	1.1	+0.15 (15.79%)	549700
SCIENTX	12.16	11.88 - 12.16	12	+0.14 (1.18%)	87300
MICROLN	1.25	1.25 - 1.33	1.33	+0.11 (9.02%)	696900
LKL	0.33	0.28 - 0.35	0.305	+0.105 (52.50%)	111909400
LUXCHEM	1.6	1.60 - 1.68	1.68	+0.08 (5.00%)	124400
TURIYA	0.175	0.16 - 0.235	0.22	+0.07 (46.67%)	5061500
PRLEXUS	1.96	1.89 - 2.01	2.01	+0.06 (3.08%)	508500
HSI-C24	0.6	0.60 - 0.62	0.61	+0.06 (10.91%)	57000
AIRASIA	2.17	2.16 - 2.22	2.21	+0.05 (2.31%)	15524900
PESTECH	6.78	6.69 - 6.78	6.7	+0.05 (0.75%)	106200
TECNIC	1.3	1.30 - 1.35	1.35	+0.05 (3.85%)	7000
HSI-C23	0.72	0.715 - 0.78	0.78	+0.045 (6.12%)	90000
3A	1.14	1.13 - 1.18	1.18	+0.04 (3.51%)	1303700
LIIHEN	2.45	2.42 - 2.45	2.45	+0.04 (1.66%)	208200
HSI-C40	0.685	0.675 - 0.70	0.675	+0.04 (6.30%)	40200
AAX-WA	0.27	0.27 - 0.30	0.3	+0.035 (13.21%)	61928900

Malaysia: Shares end lower

 

 

Malaysia: Shares end lower

 MALAYSIAN shares ended lower on Tuesday with the Kuala Lumpur Composite Index slipping 10.07 points to close at 1,687.86.
Some 2.01 billion lots, valued at RM2.06 billion were traded. Gainers numbered 286 while losers numbered 568.

Hong Kong: Shares fall as investors become cautious

Hong Kong shares were soft on Tuesday, as the mood of many Asia investors turned cautious in the wake of a month-long rally.The Hang Seng index fell 0.7 per cent, to 20,011.58, while the China Enterprises Index lost 1.4 per cent, to 8505.22 points

Todays signal for

Allianz Malaysia: the RSI is overbought

Our preference: the upside prevails as long as 10.3 is support.

Supports and resistances:
11.3 **
11.2 *
11 **
10.8
10.48 last
10.4
10.3 **
10 *
9.8 **

Todays Top Gainers

 

Stock Name	Open	Range	Last	Change	Volume
CARLSBG	13.06	13.00 - 13.30	13.3	+0.36 (2.78%)	296400
GAB	14.2	14.20 - 14.64	14.54	+0.34 (2.39%)	332400
LATITUD	5.38	5.21 - 5.65	5.65	+0.27 (5.02%)	166000
F&N	19.68	19.60 - 19.96	19.94	+0.26 (1.32%)	1368800
AEONCR	11.88	11.88 - 11.88	11.88	+0.22 (1.89%)	2700
SUPERMX	2.58	2.49 - 2.73	2.72	+0.17 (6.67%)	9716200
CHINHIN	0.825	0.78 - 0.835	0.82	+0.17 (26.15%)	122528600
AMWAY	9.3	9.30 - 9.45	9.4	+0.14 (1.51%)	11800
HSI-HS	0.945	0.93 - 1.00	1	+0.115 (12.99%)	75400
CHINTEK	7.9	7.90 - 8.00	8	+0.10 (1.27%)	1200
UTDPLT	26.3	26.30 - 26.40	26.4	+0.10 (0.38%)	61500
GENP	10.94	10.86 - 11.06	11	+0.10 (0.92%)	949100
HSI-HV	1.49	1.49 - 1.49	1.49	+0.10 (7.19%)	13000
ATURMJU	1.34	1.34 - 1.42	1.42	+0.08 (5.97%)	5318600
SUPERMX-C5	0.31	0.275 - 0.385	0.38	+0.075 (24.59%)	5899800
HAPSENG	7.6	7.59 - 7.72	7.72	+0.07 (0.92%)	924900
LIIHEN	2.21	2.19 - 2.25	2.25	+0.07 (3.21%)	1322700
SWSCAP	1.23	1.22 - 1.30	1.3	+0.07 (5.69%)	35500
PMETAL	2.33	2.29 - 2.39	2.39	+0.07 (3.02%)	2191700
ANNJOO	0.655	0.655 - 0.705	0.7	+0.065 (10.24%)	1266500