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.

  

Bursa Malaysia Stock News and Stock signals

Todays Stock News

1.MALAYSIA share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 6.24 points to 1658.75.

           Volume was 35.2 million lots worth RM14.3 million.

2.Strains are presently higher in the South China Sea and all gatherings ought to chip away at quiet arrangements, said Tsai Ing-wen, president-choose of Taiwan, which is a petitioner in the debated sea region.

Ms Tsai said gatherings ought to additionally take a shot at "discretion standards" to discover arrangements, when gotten some information about the issue by journalists on Wednesday.

3.Hong Kong stocks edged up in ahead of schedule exchange Wednesday, developing the current week's rally after a positive lead from Wall Street, while Shanghai was insignificantly higher after a more than three for every penny pick up the day preceding.
                                                                The Hang Seng Index rose 0.40 for each penny, or 76.10 focuses, to 19,198.18 not long after the open.

Todays signals for

Tune Ins Holdings: short term rebound

 The downside breakout of 1.1 would call for 1.03 and 0.99.

 The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.17 and 1.26).  

Supports and resistances:

1.4 **
1.36 *
1.31 **
1.27
1.17 last
1.13
1.1 **
1.03 *
0.99 **

Bursa Malaysia Stock Market News

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Malaysian palm oil fates fell almost 2 percent on Monday after prior hitting their most abnormal amount in about two years, weighed around weaker-than-anticipated fare information.

The palm oil contract for April conveyance on the Bursa Malaysia Derivatives Exchange lost 1.8 percent to achieve 2,592 ringgit ($628.36) per ton at the end of exchange. The agreement prior hit a high of 2,648 ringgit, its most elevated since April 29, 2014.                                      

Exchanged volume remained at 40,771 heaps of 25 tons each.


Todays Signals

Hang Seng Intraday: limited upside.

Long positions above 18900 with targets @ 19300 & 19600 in extension.

Supports and resistances:
19900
19600
19300
18901 Last
18900
18500
18300  

     KlSE Top Gainer                                           

Stock Last Change GENTING 8.020 +0.320 UMW 6.930 +0.300 LATITUD 6.870 +0.270 MSM 4.900 +0.250 PCHEM 7.180 +0.220 MPI 7.870 +0.200 GESHEN 2.340 +0.190 KLK 23.580 +0.180
KLSE Top Lossers Stock Last Change BAT 55.900 -0.500 TIMECOM 7.170 -0.260 PETGAS 22.440 -0.200 HUATLAI 4.780 -0.200 UMS 2.800 -0.150 PETRONM 6.680 -0.140 GTRONIC 5.220 -0.130 SCIENTX 10.820 -0.120 NSOP 4.200 -0.100

 

Bursa Malaysia stock news

     STOCK NEWS

1. Thailand's economy developed more than authorities assessed in the last quarter as the military government's game-plan of offer measures some assistance with starting to hold up under normal thing. 

GDP extended 2.8 for every penny in the three months through December from a year prior, the National Economic and Social Development Board said in Bangkok on Monday. 

2.Taiwan stocks slipped on Monday in their first exchanging session after the long Lunar New Year occasions, taking after expansions in some provincial bourses, with TSMC driving heavyweights higher. 

Starting 0214 GMT, the essential TAIEX record was down 0.1 for every penny at 8,047.97 focuses, murdering a 1.1 for every penny slide at the opening.


Todays signal for TSH resources

Our preference --The downside prevails as long as 2.03 is resistance.

 Alternative scenario: the upside breakout of 2.03 would call for 2.12 and 2.17.

 the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.99 and 1.98).


Supports and resistances: 
2.17 **
2.12 *
2.03 **
2
1.96 last
1.84
1.79 **
1.74 *
1.69 **

Todays Latest news

Todays Latest updates

1.Gold climbed more than 1 percent to its most dumbfounding in 8-1/2 months on Thursday after Federal Reserve Chair Janet Yellen concentrated on that U.S. financing expenses would rise orderly.

2.The dollar bosom bolstered disasters around 3-1/2-month lows on Wednesday, affected by purposes behind caution of an overall monetary log jam taking after late falls in oil expenses and creating stresses over the quality of European banks

3.US West Texas Intermediate (WTI) foul prospects were at USD 26.96 for each barrel, down 49 pennies and within a dollar of the USD 26.19 a barrel 2003 low from January.

Top Gainers

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
DLADY	50.000	50.400	49.820	50.400	0.600	1.20	45
HSI-HO	2.750	2.760	2.750	2.750	0.420	18.03	205
HLFG	13.720	13.920	13.680	13.920	0.280	2.05	16
HSI-HR	1.120	1.180	1.120	1.180	0.280	31.11	150
HSI-HU	1.680	1.690	1.630	1.630	0.280	20.74	140
AIRPORT	5.700	5.930	5.700	5.860	0.230	4.09	1,263
HSI-HW	1.390	1.530	1.390	1.490	0.230	18.25	200
SCIENTX	11.100	11.300	11.100	11.220	0.220	2.00	624
F&N	18.920	19.100	18.900	19.060	0.160	0.85	3,577
HSI-HZ	1.000	1.000	0.960	0.960	0.150	18.52	100

The Malaysia External Trade Development Corporation aims to expand Malaysian products in West Africa

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MATRADE plans to utilize Nigeria and Ghana as a stage to advance Malaysian items in the West African district. 

MATRADE Trade Commissioner to West Africa Saifuddin Khalid said the West African locale had begun opening up their economies, bringing about expanding interest for outside items. 

"We will mount a few projects in Nigeria and Ghana and utilize these two nations to investigate the Economic Community of West African States (ECOWAS) locale," he included. 

ECOWAS is a 15-part territorial gathering with an order to advance monetary joining in all fields of movement of the constituting nations. 

Part nations making up ECOWAS are Benin, Burkina Faso, Cape Verde, Cote d'Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Sierra Leone, Senegal and Togo.

Stock Name	Open	Range	Last	Change	Volume
DLADY	48.90	48.88 - 49.80	49.80	+0.92 (1.88%)	2,800
AJI	8.20	8.20 - 8.85	8.85	+0.51 (6.12%)	85,000
NESTLE	74.80	74.80 - 75.00	75.00	+0.50 (0.67%)	1,400
F&N	18.70	18.70 - 19.20	18.90	+0.30 (1.61%)	162,100
BIPORT	7.10	6.95 - 7.10	7.10	+0.30 (4.41%)	25,600
TAANN	5.32	5.32 - 5.75	5.61	+0.26 (4.86%)	997,300
KOSSAN	6.50	6.47 - 6.73	6.70	+0.21 (3.24%)	3,866,900
MISC	8.69	8.46 - 8.69	8.63	+0.15 (1.77%)	3,539,700
TIMECOM	7.60	7.40 - 7.60	7.56	+0.15 (2.02%)	40,300
TOPGLOV	5.53	5.45 - 5.65	5.62	+0.15 (2.74%)	3,778,400
APOLLO	5.96	5.96 - 6.11	6.10	+0.14 (2.35%)	90,000
MBMR	2.20	2.20 - 2.32	2.32	+0.12 (5.45%)	8,500
MAXIS	6.15	6.07 - 6.24	6.21	+0.12 (1.97%)	5,483,200
BKAWAN	17.66	17.66 - 17.70	17.70	+0.10 (0.57%)	44,000
PETRONM	6.65	6.55 - 6.75	6.75	+0.10 (1.50%)	391,100

Crude oil prices jumped 2 percent on Tuesday Asian market trade

Unrefined petroleum costs bounced as much as 2 percent in ahead of schedule Asian exchange on Tuesday, disregarding huge drops in Japan's securities exchange and dissolving a portion of the past session's misfortunes that were driven by putrefying worries about worldwide oversupply.

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U.S. unrefined was up 44 pennies at $30.13 a barrel at 0103 GMT, in the wake of ascending similarly as $30.30. The agreement fell almost 4 percent on Monday, completing at $29.69.

Worldwide unrefined benchmark Brent was up 17 pennies at $33.05 a barrel. It settled the past session down $1.18 at $33.88.

Todays Market update

                                                                Top Gainers

     Stock Name                       Open             Range                 Close                   Change                               Volume

DLADY	48.14	48.14 - 48.90	48.88	+0.88 (1.83%)	8,900
PANAMY	24.78	24.76 - 25.40	25.36	+0.58 (2.34%)	25,700
UTDPLT	24.78	24.70 - 25.26	25.20	+0.38 (1.53%)	53,300
KLK	23.34	23.34 - 23.86	23.82	+0.34 (1.45%)	1,466,500
BAT	57.00	56.16 - 57.00	56.50	+0.30 (0.53%)	204,000
AJI	8.30	8.26 - 8.34	8.34	+0.26 (3.22%)	18,600
AEONCR	11.04	11.00 - 11.18	11.12	+0.20 (1.83%)	20,400