Market Review for KLCI:
Malaysian stocks opened on a mixed note at 1884.08 and turned slightly lower at midday today in active trading, with interest seen in selected heavyweights and penny stocks.
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Market forecast for KLCI:
Market has lead by PPB, GENM, KLCC, AXIATA and DIGI, rest share prices has taken up correction by maintaining an uptrend. Prices might open in between 1879-1880.
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RSI stood below the centre line at 48.675 with its CCI at -16.260. Difference line of MACD performed at -1.218 below its signal line which performed at 0.110.
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- The Malaysian Automotive Association had on July 23 revised upwards its total industry volume (TIV) forecast for this year to 680,000 units from the earlier target of 670,000 units.
- Bina Puri Holdings Bhd, confident of its future growth, says it is bullish to end the current financial on a firm note despite sentiment being impacted by the delay in handing over the Kuala Lumpur International Airport 2 (klia2) project.
- Malaysian banks given new threats to earnings growth, despite interest rates hike.