MALAYSIA Market: KLCI Technical Report 30 July

Posted: July 30, 2014 in Uncategorized

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.


KLCI Day Performance
Open 1884.08
High 1886.39
Low 1877.51
Close 1878.34
Change(Points) 1.00
% Change 0.05%
Volume 2117.5M
Rise 461
Fall 408
Unch 1401

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.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1869 1860 1845 1888 1898 1913

Technical indicators:
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.

Top Gainers Top Losers
Scrip Name CMP %change Scrip Name CMP %change
PPB 15 2.74 FGV 4.1 -1.68
GENM 4.35 1.64 TM 6.3 -1.1
KLCC 6.45 1.26 MAXIS 6.67 -0.89
AXIATA 6.94 0.73 IHH 4.71 -0.84
DIGI 5.73 0.7 PETDAG 18.94 -0.53

Economic Factors:

  • 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.

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