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Wednesday, July 2, 2014

Malaysia Stock Market Technical Review

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

 
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