t
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.
