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.

MALAYSIAN shares finished lower on Monday with the Kuala Lumpur Composite Index

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Shares end lower

MALAYSIAN shares finished lower on Monday with the Kuala Lumpur Composite Index slipping 8.69 points to close at 1,654.75. Nearly 1.69 billion lots, valued at RM2.31 billion were exchanged. Gainers numbered 306 while losers numbered 599.

Malaysia's Petronas posts US$704m Q4 net loss, confirms spending cuts

Malaysia's Petroliam Nasional Bhd, or Petronas, reported a final quarter net loss on Monday and declared spending cuts for the following couple of years, as the state oil organization supports for a drawn out time of low oil costs. Petronas reported a net loss of RM2.96 billion (US$704.3 million) for the October-December period, contrasted and lost RM7.3 billion a year back. The organization credited the net misfortune to weakness of advantages created by low oil costs.

Todays signal

Panasonic Manufacturing Malaysia: gap

the upside prevails as long as 24.6 is support.

Supports and resistances:
28.5 **
28 *
27.5 **
27
25.8 last
25
24.6 **
23.8 *
23.3 **

                                                        Top Gainers

Stock Name	Open	Range	Last	Change	Volume
PANAMY	26	25.30 - 26.00	25.8	+0.60 (2.38%)	36200
CARLSBG	12.3	12.20 - 12.54	12.54	+0.42 (3.47%)	483500
UTDPLT	25.88	25.88 - 25.90	25.9	+0.40 (1.57%)	300
HARTA	4.61	4.60 - 4.90	4.9	+0.30 (6.52%)	8520200
ULICORP	5.3	5.30 - 5.30	5.3	+0.28 (5.58%)	200
BKAWAN	17.52	17.50 - 17.76	17.76	+0.26 (1.49%)	31000
SPB	5.53	5.50 - 5.70	5.63	+0.22 (4.07%)	121500
APM	3.82	3.82 - 4.04	4.04	+0.22 (5.76%)	5200
AEONCR	11.82	11.82 - 11.98	11.92	+0.20 (1.71%)	36200
HAPSENG-WA	6	5.96 - 6.20	6.09	+0.19 (3.22%)	9400
TGUAN-LA	2.93	2.93 - 3.07	3.07	+0.17 (5.86%)	268600
TGUAN-WA	2.12	2.12 - 2.29	2.22	+0.17 (8.29%)	331800
KOSSAN	6.35	6.31 - 6.50	6.5	+0.16 (2.52%)	1962700
MPI	7.78	7.73 - 7.94	7.93	+0.15 (1.93%)	189900
WPRTS	3.95	3.89 - 4.03	4.03	+0.15 (3.87%)	3250200
AHEALTH	3.55	3.55 - 3.75	3.68	+0.14 (3.95%)	352000
AJI	9.17	9.17 - 9.30	9.3	+0.13 (1.42%)	22700
TGUAN	3.15	3.15 - 3.37	3.29	+0.13 (4.11%)	1510500
HSI-HS	1.39	1.39 - 1.54	1.5	+0.13 (9.49%)	112900
AXIATA	5.85	5.84 - 6.02	5.92	+0.12 (2.07%)	9678400
HSI-HU	1.3	1.30 - 1.34	1.34	+0.12 (9.84%)	93500
TAWIN	0.24	0.24 - 0.36	0.34	+0.11 (47.83%)	334500
HAPSENG-CQ	0.31	0.31 - 0.31	0.31	+0.105 (51.22%)	10000
BURSA	8.5	8.50 - 8.62	8.6	+0.10 (1.18%)	1676500
UMW	6.9	6.74 - 7.37	7.08	+0.10 (1.43%)	1149000
HUMEIND	3	2.97 - 3.10	3.1	+0.10 (3.33%)	72100
TAKAFUL	3.82	3.81 - 3.95	3.95	+0.10 (2.60%)	424100
HSI-HR	0.735	0.73 - 0.85	0.82	+0.095 (13.10%)	697600
ALLIANZ	10.02	10.02 - 10.02	10.02	+0.09 (0.91%)	46400
APB	1.09	1.07 - 1.18	1.18	+0.09 (8.26%)	144200

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 **