STI & KLCI Stock Market Review

Market Review for STI:
STI up by 11 points and opened at 3254.490. Asian stocks rose, with the regional index extending gains from a six-year high, after reports showing manufacturing expansion in the world’s two biggest economies sent U.S. equity gauges to records. Close for the day was observed at 3263.910 and the high and low at 3264.180 & 3250.530.Market today was at a good pace, many of the Asian counters are on higher levels.

STI Day Performance
Open	3254.490
High	3264.180
Low	3250.530
Close	3263.910
Change(Points)	+21.270
% Change	+0.66
Volume	1913.0M
Rise	248
Fall	146
Unch	731

Market forecast for STI:
After the downfall from the level of 3300 to 3250, market reversed its trend and stated moving up. This level of rise would indicate a bullish trend in the market. We may expect buying in it.
Technical indicators:
RSI is near to centre line and is at 48.058; CCI is at -83.285.The 20days EMA &50 days EMA is at 3269.117&3255.790.

STI LEVELS
Support 1	3260
Support 2	3255
Support 3	3250
Resistance 1	3269
Resistance 2	3272
Resistance 3	3280

Important Factor for today:-

• BBR Holdings has secured a $196 million contract to construct a new hall of residence at Nan yang Technological University (NTU).
• Asian stocks rose, with the regional index extending gains from a six-year high, after reports showing manufacturing expansion in the world’s two biggest economies sent U.S. equity gauges to records.
• Singapore’s Frasers Centre point (FCL), a company backed by Thai billionaire Charoen Sirivadhanabhakdi, has reached a deal to buy Australia’s Austral and Property Group for about A$2.6 billion ($3.07 billion).

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Jardine C&C	44.47	2.21	Olam Intl	2.49	-1.19
Noble	1.39	2.21	CapitaMall Trust	1.95	-0.51
Ascendas Reit	2.32	1.75	ST Engineering	3.81	0.26
ComfortDelGro	2.5	1.63	Keppel Corp	10.74	0.28
JSH 500 USD	36.8	1.29	OCBC Bank	9.48	0.32

Market Review for KLCI:
Malaysian Share prices opened on a mixed note with KLCI down to 0.11 points to 1879.01. Market boosted buying sentiments in green market. If market opens above 1886.84 tomorrow, it may trade in between.

KLCI Day Performance
Open	1879.01
High	1886.84
Low	1877.84
Close	1886.84
Change(Points)	7.720
% Change	0.41%
Volume	1878.7M
Rise	470
Fall	336
Unch	831

Market forecast for KLCI:
KLCI found minor support near 1879.12 levels; buyers dominated sellers and formed a green candle for the day. It is still below the resistance of 1892.33, if it is broken by the higher prices, expected to go up.

KLCI LEVELS
Support 1	1867
Support 2	1857
Support 3	1842
Resistance 1	1896
Resistance 2	1906
Resistance 3	1921

Technical indicators:
RSI stood below the centre line at 57.252 with its CCI at 65.832. Difference line of MACD performed at 4.143 overlapped its signal line which performed at 4.209.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
PPB	15.2	2.01	PETDAG	23.82	-0.67
TENAGA	12.38	1.48	HLBANK	13.86	-0.29
SKPETRO	4.4	1.38	GENTING	9.93	-0.2
IOICORP	5.23	1.36	KLCC	6.52	-0.15
FGV	4.21	1.2	MAYBANK	9.84	0.1

Commodity Trading Overview

GOLD
August Comex Gold futures posted a strong rally early Tuesday, but heavy selling pressure at a major Fibonacci level helped weaken the market into the close. Although gold closed higher for the session, the move had the appearance of a reversal top. This could trigger a follow-through break today. A reversal to the upside in the oversold U.S. Dollar could trigger further selling pressure in gold today.
SILVER
The silver markets did very little during the session on Tuesday as you can see, suggesting that the markets may be a bit quiet between now and nonfarm payroll numbers on Thursday. On top of that, we are sitting just at significant support but have not been able to break higher. Because of this, we are not overly impressed by the movement over the last several sessions, and do in fact need to see an impulsive candle to the upside in order to start buying. However, we certainly wouldn’t short this market at as it has been fairly strong as of late.
CRUDE
The light sweet crude market went back and forth during the Tuesday session, essentially settling on a relatively benign candle. That being the case, we feel that the market is trying to find a bit of support in this general vicinity, but with nonfarm payroll numbers coming out on Thursday this week, it’s very likely that the markets will too much between now and then. Because of this, we certainly wouldn’t sell this market, especially considering how supportive it has looked. On the other hand, we are more than willing to buy on a move higher, but don’t necessarily expect that to happen anytime soon. However, given enough time we do think that the market ultimately tries to test the $107.50 level again, and then possibly as high as $110 given enough time, as the market certainly seems to be fairly buoyant overall.

DAY’S RANGE FOR 2nd JULY

COMMODITY	S1	S2	R1	R2
GOLD	1320	1315	1330	1340
SILVER	20.85	20.35	21.35	21.75
CRUDE	105	104.50	105.70	106