Bursa Malaysia : KLCI Technical Analysis 13 Aug

Market Review for KLCI:
FBMKLCI opened higher this morning lifted by buying support despite the overnight weak performance on Wall Street. The Bursa Malaysia key index, FBM KLCI was 7.65 points or 0.41% higher. There were 409 gainers, 316 losers and 327 counters traded unchanged on the Bursa Malaysia. Wall Street ended lower yesterday following the disappointing German economic data as well as ahead of the US retail sales report.

KLCI Day Performance
Open	1853
High	1858
Low	1849
Close	1858
Change(Points)	7.650
% Change	0.41%
Volume	3587.3M
Rise	544
Fall	313
Unch	1428

Market forecast for KLCI:
KLCI has formed a green candlestick pattern above previous session’s close. It is anticipated to open tomorrow in between 1856-1860 and may perform well on an account of growing economy.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1850	1839	1825	1867	1882	1896

Technical indicators:RSI stood below the centre line at 42.702 with its CCI at -109.251. Difference line of MACD performed at -6.426 below its signal line which performed at -3.154.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
PPB.KL	15.24	3.67	SKPETRO.KL	4.19	-1.18
PETGAS.KL	22.26	2.58	DIGI.KL	5.62	-0.71
FGV.KL	4.06	2.27	UEMS.KL	2.03	-0.49
MISC.KL	6.73	2.12	HLFG.KL	17.04	-0.35
GENM.KL	4.37	1.63	AXIATA.KL	6.95	-0.29

Economic Factors:

• The ringgit opened slightly higher against the US dollar in early trade this morning on mild buying.
• Press Metal Bhd's shares rose 15 sen to RM6.25 following its bullish second quarter results posted yesterday.
• The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts ended untraded yesterday.
• Crude palm oil (CPO) futures prices rebounded to close higher yesterday after touching a one-year low on Monday, supported by renewed demand for the commodity.
• The local rubber market extended its losses yesterday in tandem with the downtrend on the Tokyo Commodity Exchange (Tocom). The rubber futures prices on Tocom had been affected by the uncertainties in crude oil prices.
• Petroliam Nasional Bhd’s (Petronas) net profit inched up to RM39.81 billion in the first six months of this year from RM35.63 billion a year ago. Its revenue rose 12% to RM169.40 billion from RM151.10 billion in the same period last year. The group said the stronger revenue was mainly due to higher oil and gas production volume, petroleum products and LNG trading volume.

Singapore STI Technical Outlook 13 Aug

Market Review for STI:
Share prices opened lower with STI down 3.69 points to 3,298.80.Asian shares were mixed today, with the Tokyo market shrugging off data showing a contraction in the Japanese economy as investors awaited the release of key US and Chinese data. The market closed lower breaking the support of 3307 and closed at 3301.41. 

STI Day Performance
Open	3298.80
High	3303.90
Low	3293.51
Close	3301.41
Change(Points)	-1.98
% Change	-0.06%
Volume	1633.0M
Rise	202
Fall	186
Unch	725

Market forecast for STI:

We may expect STI to slide down further as it is below the support level .It may again take support in the range of 3280-3290.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3290	3275	3260	3330	3340	3350

Technical indicators: 
RSI is below the centre line at 45.83 and CCI is at -38.79.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OLAM INTL	2.5	1.63	THAIBEV	0.625	-1.57
CITYDEV	10.05	1.21	COMFORTDELGRO	2.56	-1.54
CAPITALAND	3.35	0.9	DB	17.78	-1.44
NOBLE	1.365	0.74	GENTING SING	1.27	-1.17
GLOBAL LOGISTIC	2.75	0.73	SEMBCORP MARINE	3.97	-0.75
THAIBEV	0.625	-1.57	THAIBEV	0.625	-1.57

Important Factor for today:-

• Hong Kong stocks opened 0.15 per cent higher as investors shrugged off a weak lead from the US and European markets.
• PALM oil firm Bumitama Agri saw net profit surge 89.6 per cent year on year to 293.34 billion rupiah (S$31.34 million) for the second quarter ended June 30, bolstered by the higher selling price and sales volume of both crude palm oil and palm kernel.
• Net profit for palm oil producer First Resources dropped 30.8 per cent year on year to US$26.09 million in the second quarter ended June 30, 2014, as operating profit fell due to the lower selling prices of crude palm oil and its refined products.
• Swiber Holdings, the support services provider to the offshore oil and gas industry, reported a net profit of US$63 million for the six months ended June 30 (HY2014), up 68.3% from US$37.4 million in the same period a year ago.

SGX Singapore Stock Market Outlook 12 Aug

Market Review for STI:
Share prices opened higher with STI up at 3314.90. Singapore’s economy unexpectedly expanded last quarter as manufacturing declined less than initially estimated amid recoveries in advanced countries. The high for the day was observed at 3319.7 and the low was observed at 3303.03.

STI Day Performance
Open	3314.90
High	3319.70
Low	3303.03
Close	3303.39
Change(Points)	-3.06
% Change	-0.09%
Volume	1543.9
Rise	227
Fall	205
Unch	680

Market forecast for STI:
STI formed a red candle for the day and ended lower .Though it started off positive .It indicates the bearish pull.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3285	3270	3320	3340	3360

Technical indicators:
RSI is below the centre line and CCI is at -74.32.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO	2.6	1.56	CAPITALAND	3.32	-1.19
THAIBEV	0.635	0.79	NOBLE	1.355	-1.09
HPH TRUST USD	0.685	0.74	WILMAR INTL	3.19	-0.93
SIA	9.86	0.61	OCBC BANK	10.14	-0.88
UOB	22.75	0.53	HONGKONGLAND USD	6.83	-0.87
			CAPITALAND	3.32	-1.19

Important Factor for today:-

• Valueelectronics Holdings, the designer and manufacturer for consumer electronics brands, announced that its net profit for the three months ended 30 June 2014 (1QFY2015) increased by 1.8% to HK$33.9 million from a year ago (1QFY2014).
• SINGAPORE has revised lower its full-year 2014 growth forecasts for total trade and non-oil domestic exports to between 1.5 and 2.5 and between -2.0 and -1.0 per cent, respectively.
• Falcon Energy Group, the provider of services to the offshore oil and gas industry, announced it has recorded revenue growth of 254.3% to US$92.7 million and a 26.3% increase in profit after tax to US$10 million for the first quarter of the financial period ended June (1QFY2015) from a year ago.
• CSE Global on Monday said its profit attributable to owners of the company for the fiscal second quarter ended June 30 fell 35.5 per cent year on year to S$8.03 million.
• VEHICLE inspecting and testing services provider VICOM's net profit for the second quarter ended June rose 5.5 per cent to S$7.23 million from S$6.85 million a year ago.Revenue raised 2.4 per cent, from S$26.62 million to S$27.26 million.

Singapore SGX : STI Daily Technical Outlook 07 Aug

Market Review for STI:
Share prices opened lower with the Straits Times Index down 6.27 points to 3,316.35. South Korean stocks eased and the won was little changed on Thursday as most investors stayed on the sidelines ahead of key central bank policy meetings in the European Union, UK and Japan. The close for the day was observed at 3314.22, formed a red doji for the day.

STI Day Performance
Open	3316.35
High	3319.57
Low	3304.57
Close	3314.22
Change(Points)	-6.010
% Change	-0.18
Volume	1711.4M
Rise	157
Fall	249
Unch	703

Market forecast for STI:
STI was down today formed a red doji which shows indecision. We may expect bullishness if it takes proper support on level of 3300.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3280	3260	3250	3340	3350	3360

Technical indicators:
RSI is at 49.99 and CCI is at -26.12.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Global Logistic	2.74	1.11	Jardine C&C	44.97	-2.15
CapitaMall Trust	1.975	1.02	HPH Trust USD	0.685	-1.44
CityDev	10.12	0.9	Noble	1.37	-1.44
Ascendas Reit	2.31	0.87	Sembcorp Ind	5.34	-1.29
ThaiBev	0.635	0.79	DBS	18.14	-1.25

Important Factor for today:-

• HDB resale prices dropped for the sixth consecutive month in July, data compiled by the Singapore Real Estate Exchange (SRX) shows.
• Vallianz Holdings, the provider of offshore support vessels and integrated marine solutions to the oil and gas industry, today reported a doubling of net profit to US$5.8 million for the second quarter ended 30 June 2014 (2Q2014) from US$2.8 million in 2Q2013.
• TEE International, the engineering and real estate group, said it won a total of $60 million worth of contracts to carry out mechanical and electrical works for the The Parisian Macao, located at the Cotai Strip in Macau.
• Singapore Airlines Ltd.’s budget carrier Scoot doesn’t want to use the city’s new airport terminal and regards the $1.28 billion facility as a “folly”.

SGX Singapore; STI Technical Outlook 06 Aug

Market Review for STI:
Share prices opened lower today with the Straits Times Index down 6.32 points to 3,322.58. Asian stocks dropped, following a sharp fall on Wall Street over fears of a market correction and concerns the conflict in Ukraine could escalate. The open was marked at 3322.58 and the close was marked at 3320.23.

STI Day Performance
Open	3322.58
High	3323.01
Low	3313.92
Close	3320.23
Change(Points)	-7.44
% Change	-0.22%
Volume	1442.0M
Rise	129
Fall	289
Unch	691

Market forecast for STI:
Due to the Ukraine crises the prices are still dropping down .We may expect bullishness only if the market moves out from the cause of the crises.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3280	3260	3340	3350	3360

Technical indicators:RSI is at 51.60 ,CCI is at -2.26 .The prices are still above the 20 & 50 days EMA.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Olam Intl	2.44	1.67	Global Logistic	2.71	-2.87
OCBC Bank	10.1	1.41	ComfortDelGro	2.59	-2.26
SIA Engineering	4.6	1.1	CapitaLand	3.37	-2.04
SPH	4.18	0.97	Jardine C&C	45.96	-1.44
Golden Agri-Res	0.535	0.94	CityDev	10.03	-1.18

Important Factor for today:-

• SINGAPORE’S life insurance industry managed to sustain its growth for the first six months of this year.
• Yangzijiang Shipbuilding reported a 52 per cent jump in net profit for the second quarter ended June 30 to 1.24 billion yuan, despite a 3 per cent drop in revenue to 4.27 billion yuan after delivering fewer vessels during the period.
• SINGAPORE Post Limited said its net profit for the fiscal first quarter ended June 30, 2014 rose 5.1 per cent to S$39.24 million. Revenue increased 4.8 per cent to S$210.91 million, as growth in e-commerce related activities continued to offset declines in the traditional postal business
• STAR HUB has posted a 6.3 per cent decrease in net profit to S$94.3 million for the second quarter ended June 30.
• HG Metal Manufacturing recorded a net loss after tax of $13.3 million in the quarter ended 30 June 2014 (2Q2014), compared to a profit of $0.7 million in 2Q2013 due to one-time provisions for inventories, doubtful debts and asset impairment on disposal of factory assets.