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

Lower fuel costs, fine discount move SIA's Q4 benefit to S$225m

LESS costly Jet fuel and a S$117 million discount of an opposition related fine offered lift to Singapore Airlines' wings as it posted a net benefit of S$224.7 million for the final quarter finished March 31, 2016, up from just S$39.6 million a year back.

Nonetheless, yields kept on misery in the midst of intense rivalry as SIA, provincial wing SilkAir and SIA Cargo reported lower figures. Specifically, overcapacity in the payload market brought on SIA Cargo's respects tumble strongly by 15.5 for every penny year-on-year to 26.8 pennies/ltk (load-ton-kilometer).

"The gathering is fighting with a testing working environment in key markets, brought about partially by feeble monetary movement and moderately fast development in limit, prove by expanding special passage action," SIA said in its money related results, which were discharged after the business sector shut on Thursday.

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

Malaysia: Shares end higher

 Malaysia: Shares end higher

 MALAYSIAN shares ended higher on Monday with the Kuala Lumpur Composite Index adding 5.44 points to close at 1,697.93.

Some 2.44 billion lots, valued at RM2.45 billion were traded. Gainers numbered 317 while losers numbered 594.

UAE says oil price forcing producers to freeze output

 United Arab Emirates energy minister said on Monday that current oil prices will force many producers to freeze output and that a correction in prices would take time.

"I believe that the current oil prices are forcing everyone to freeze so I think it is happening as we speak. It doesn't make any sense for anyone to increase production at the current prices," Suhail bin Mohammed al-Mazrouei told reporters.

Todays signal for

Hang Seng Intraday: the upside prevails

Long positions above 19800 with targets @ 20500 & 20800 in extension.

Supports and resistances:
21000
20800
20500
20183 Last
19800
19400
19060  

Top Gainers

Stock Name	Open	Range	Last	Change	Volume
BAT	56.48	56.48 - 57.48	57	+0.54 (0.96%)	272600
PANAMY	26.76	26.76 - 26.84	26.78	+0.34 (1.29%)	56500
UTDPLT	25.6	25.60 - 26.34	26.3	+0.30 (1.15%)	3900
PETDAG	24.46	24.46 - 25.12	24.74	+0.30 (1.23%)	918400
KLK	24	23.98 - 24.36	24	+0.28 (1.18%)	1664800
GENTING	8.4	8.39 - 8.70	8.66	+0.28 (3.34%)	4994500
TIMECOM	7.2	7.19 - 7.40	7.4	+0.20 (2.78%)	266800
PETGAS	22.36	22.36 - 22.90	22.5	+0.18 (0.81%)	1192200
AHEALTH	3.9	3.70 - 3.90	3.9	+0.18 (4.84%)	49500
BKAWAN	17.84	17.84 - 17.96	17.84	+0.16 (0.90%)	20100
HLIND	6.09	6.09 - 6.26	6.26	+0.16 (2.62%)	65600
GAB	14.1	14.08 - 14.20	14.2	+0.14 (1.00%)	151900
SUBUR	1.75	1.75 - 1.80	1.8	+0.13 (7.78%)	400
CYPARK	1.77	1.77 - 1.88	1.88	+0.11 (6.21%)	1090800
HLFG	14.68	14.42 - 14.72	14.5	+0.10 (0.69%)	719600
AJI	9.4	9.36 - 9.60	9.46	+0.10 (1.07%)	36600
CMSB	4.78	4.76 - 4.89	4.88	+0.10 (2.09%)	1875400
PPB	16.42	16.42 - 16.68	16.5	+0.10 (0.61%)	921500
TASEK	15.1	15.10 - 15.28	15.2	+0.10 (0.66%)	4100
HSI-C23	1.24	1.24 - 1.24	1.24	+0.10 (8.77%)	60000
MAYBANK	8.84	8.74 - 8.94	8.83	+0.08 (0.91%)	15965600
EIG	0.9	0.90 - 0.90	0.9	+0.08 (9.76%)	1000