TODAY IS SPPOKY DAY FOR KLCI MARKET TRADERS

Weekly wrap of KLCI
The week saw some action as compared to the preceding weeks with the majority of action confined to the middle three days and again the weekly closing was bearish. The highest level during the high action days was 1652 and the lowest level was 1614. The KLCI ended the week on a negative note, closed lower at 1628.26 points amid overnight mixed performance in Wall Street. The performance of KLCI was restricted owing to the selling interest in heavy weights counters.

MARKET FORECAST FOR WEEK AHEAD
The KlCI index in the coming week is expected to trade higher, on account of traders resuming their trading activities based on the trading action they saw during the week. However, we reserve our bullish expectations above the level of 1645 for the weekly opening. The market is expected to be sluggish on Monday due to traders waiting to see how the market performs due to past performance on weekly openings.

KLCI MARKET DAILY NEWS & FORECAST

Market Review for KLCI
The FBM KLCI index gained 8.74 points or 0.53% on Wednesday. The Finance Index increased 0.53% to 14604.15 points, the Properties Index up 0.86% to 1166.51 points and the Plantation Index rose 0.20% to 7507.98 points. The market traded within a range of 16.54 points between an intra-day high of 1646.96 and a low of 1630.42 during the session. The KLCI rose to close at 1644.58 points, taking cue from overnight gains in Wall Street. The performance of our local bourse was buoyed by buying interest in heavy weight counters such as YTL Corp and RHB Cap.

Market forecast for KLCI
The KLCI index is expected to trade sideways in coming trading session however if the market will cross the level of 1650 then it can give a positive movement and can reach to the level of 1670 in near term.

KLCI DAIL UPDATES

Market Review for KLCI
The FBM KLCI index lost 17.17 points or 1.04% on Monday. The Finance Index increased 0.18% to 14511 points, the Properties Index up 0.06% to 1166.3 points and the Plantation Index down 0.79% to 7491.44 points. The market traded within a range of 19.42 points between a high of 1651.61 and a low of 1632.19 during the day. The KLCI halted its winning streak last Friday and closed lower at 1632.19 points despite overnight gains in US markets.The day saw a higher opening followed by the market entering into a bearish phase.

Market forecast for KLCI
The FBM KLCI closed lower into the bearish region with the low for the day also being the closing level. Any move above the 1647 level would definitely face friction due to profit covering bringing it down, whereas any move below the Immediate support of 1632 might be met with further bearishness. At the moment, the prolonged bearishness has got the traders in a bargain hunting mode, with profit covering leading to bearishness everytime the bulls attempt a run.

KLCI MARKRT STATUS|DAILY UPDATES

Market Review for KLCI
The FBM KLCI index Slipped12.49 points or 0.75% on Thursday. The Finance Index fell 0.45% to 14380.34 points, the Properties Index dropped 0.17% to 1164.42 points and the Plantation Index down 0.96% to 7548.13 points. The market fluctuated within a range of 11.30 points between an high of 1653.05 and a low of 1641.75 before the market closing. The KLCI failed to close in positive territory and closed lower at 1645.09 points amid overnight losses in US market. Market sentiment was restricted on concern over weakening ringgit despite surge in oil prices

Market forecast for KLCI The FBMKLCI might have closed lower than its opening, however it closed above its closing price from the previous day.For tomorrow, we expect profit covering to be the main reason for any bearishness exhibited tomorrow. Any move below, might go to touch the 1636 level. On the upside, we expect it to reach 1659 level. Any move above 1663 level, might get the traders excited and may be responsible for a large spurt in volume.

KLCI MARKET 3rd DAY OF MONTH

Market Review for KLCI
The FBM KLCI index slipped yet again and lost 21.28 points or 1.27% on Tuesday. The Finance Index fell 1.22% to 14409.32 points, the Properties Index dropped 0.44% to 1167.54 points and the Plantation Index down 1.16% to 7621.09 points. The market traded within a range of 26.24 points moving between a high of 1676.03 and a low of 1649.79. The KLCI continued with its losing streak and closed even lower at 1651.44 points inspite of overnight gains in US market. Market performance remained poor as investors sentiment were weakend by a weaker ringgit

Market forecast for KLCI Against the hopes of traders, the FBMKLCI continued with its fall at the first trading day of the month closing at the depth of 1651 level. Looking at the bearish candle it formed today, it seems the downfall might contiue tomorrow also due to majority of traders standing at the sidelines and looking helplessly as possibility of 1639 being reached turns more into reality. An upward move will look promising only if it closes above the level of 1663.

KLCI AT THE MONTH END

Market Review for KLCIThe FBM KLCI index fell 17.58 points or 1.04% on Thursday. The Finance Index fell 0.31% to 14636.28 points, the Properties Index dropped 0.08% to 1170.86 points and the Plantation Index rose 0.13% to 7712.9 points. The market traded within a range of 24.52 points fluctusting between a high of 1695.73 and a low of 1671.21 during the trading session. The KLCI continued with its negative streak and closed lower at 1674.76 points inspite of overnight mixed performance in Wall Street after the Federal Reserve signalled it was in no hurry to change policy.

Market forecast for KLCI
Going against the hopeful expectations of majority of Traders, the FBM KLCI continued with its steep fall for a consecutive third day; resulting in filling of a previously existing gap at the level of 1673 level. With the major economic events of Central bank meetings of US and Japan over; the only negative factor to restrict an upward movement is the usual position closing on the last trading day by cautious traders whose fears have now risen to the level of hysteria. With the market closed on Monday due to workers day;we can expect the cool off period to help initiate an upward move which if reaches the 1686 level should provide enough motivation to crank-up the market

KLCI MARKET TODAY

Market Review for KLCI
The FBM KLCI index slipped 2.24 points or 0.13% on Wednesday. The Finance Index increased 0.05% to 14844.54 points, the Properties Index up 0.29% to 1187.1 points and the Plantation Index down 0.33% to 7729.64 points. The market traded within a range of 10.73 points fluctuating between a high of 1715.43 and a low of 1704.70 during the session. The KLCI continued its losing streak for the third consecutive day after closing lower at 1708.91 points amid mixed performance in US market. Market sentiments were negative as investors were cautious on absence of fresh positive leads.

Market forecast for KLCI
The klci index is expected to test the level of 1710 in coming trading session however the bearish market sentiments can push the price down and after testing the resistance at 1710; it is expected to reach to the level of 1700 in near session.

MARKET DAILY UPDATES

Market Review for KLCI
The FBM KLCI index gained 8.11 points or 0.47% on Wednesday. The Finance Index increased 0.46% to 14941.93 points, the Properties Index up 0.47% to 1190.16 points and the Plantation Index rose 0.50% to 7809.03 points. The market traded within a range of 8.44 points between an intra-day high of 1726.30 and a low of 1717.86 during the session. The KLCI closed higher at 1723.11 points amid overnight gains in US market. The performance of the local benchmark was supported by bargain-hunting which was seen most of the day.

Market forecast for KLCI
The KLCI after todays performance is expected to continue trading within the previous consolidation range with traders trying to search for opportunities in the market that has shown bullish tendencies after a long time. The bullish traders would also be supported by ripples created by the Crude Oil inventories report, due to be released on Wednesday evening

KLCI MARKET |FORECAST

Market Review for KLCI
The FBM KLCI index lost 3.12 points or 0.18% on Monday. The Finance Index fell 0.33% to 14822.79 points, the Properties Index dropped 0.48% to 1184.74 points and the Plantation Index down 0.14% to 7810.37 points. The market traded within a range of 6.77 points between an intra-day high of 1716.19 and a low of 1709.42 during the session. The KLCI closed lower at 1715.28 points despite last Friday's gains in US markets following a rally in oil prices. Market sentiment was subdued ahead of economic data due this week. This alongwith the bearish sentiments from last weeks closing kept the traders cautious today making them initiate profit covering as soon as targets arrived.

Market forecast for KLCI
The FBMKLCI is expected to trade lower tomorrow in response to an upward trendline that was breached today. The KLCI closed with a hanging man below the trendline which was preceded by a doji.Both signaling an incoming downtrend.These signals in combination with the current turbulence in the global markets might result a short term downtrend.

KLCI MARKET TODAY|FORECAST

Market Review for KLCI 
The FBM KLCI index lost 1.07 points or 0.06% on Wednesday. The Finance Index fell 0.22% to 14743.87 points, the Properties Index up 0.21% to 1186.25 points and the Plantation Index rose 0.45% to 7880.78 points. The market traded within a range of 8.92 points between an intra-day high of 1722.75 and a low of 1713.83 during the session. The KLCI closed lower at 1717.01 points, amid weaker performance in Wall Street overnight. The local benchmark was tepid amid absence of any powerful driving force.

 Market forecast for KLCI 
The FBM KLCI is expected to continue with its sideways trend on Thursday with the only economic events occurring having the capacity to affect the global markets being the Crude Oil Inventories and the FOMC Meeting to be held on Wednesday evening;along with the Unemplyment claims data to be released on Thursday

CRUDE OIL TO ITS RISING STAIRS

CRUDE
Crude oil was already moving in a gap up pricing, after all day consolidation the prices again jumped after the US opening and broke the $ 37 handle this lead to the main change in the price and trend of the crude oil. Now we find the major resistance at $ 38.25 if the buyers lead the market then we have a wide range to cover at part of profit.

Forecast
Buying in oil after $ 38.50 can lead the price for $ 41.00 where on the lower end we can wait for the price of $ 35.00

Bursa Malaysia Latest News Of The Day

Malaysian Benchmark: 

• The FBM KLCI opened 3.62 focuses higher at 1,696.11 . 
• The ringgit opened higher against the US dollar on crisp purchasing enthusiasm for the neighborhood note.

Counter-Specific News:

• Felda Global Ventures Holdings Bhd (FGV) said there were no human trafficking cases found at its plantations in Jempol, Negeri Sembilan following an assessment by Wild Asia, an independent verifier dedicated to promoting sustainability in Asia.
   
• Eversendai Corp Bhd, which aims to clinch a record RM2 billion new job wins this year, is likely to bag RM500 million worth of jobs in the next month or so, according to Hong Leong Investment Bank (HLIB) Research.
   
• Comfort Gloves Bhd (formerly known as Integrated Rubber Corp Bhd) reported a fire outbreak this morning at its newly-built three-storey warehouse and packing department in Taiping, Perak.
   
• Hibiscus Petroleum Bhd has asserted that a co-shareholder in Lime Petroleum Plc, Singapore-listed Rex International Holding Ltd, has continued making only "bare, unsupported assertions and claims" regarding alleged discrepancies on Hibiscus' part when disclosing information on Lime Petroleum Plc.
   
• Genetec Technology Bhd plans a share consolidation of every 10 existing shares into one consolidated share to reduce fluctuation in its share price.

Global News:

• Shares in Hong Kong and Shanghai rose in the first few minutes of trade on Monday following a strong US jobs report late last week while investors weigh China's decision to lower its economic growth outlook for this year.
   
• Oil prices opened strongly on Monday after rallying in the previous session, as tightening supplies supported the market and sentiment around a market recovery strengthened. Front-month Brent crude futures were trading at US$39.08 per barrel at 0019 GMT, up 36 cents from their last settlement. Commodity prices have been on the mend, with oil prices recovering more than 30 percent from January's 12-year lows, helped by hopes of measures to ease global glut.
   
• Hong Kong residential home sales plunged 70 per cent in February from a year earlier to a 25-year low as falling prices and economic uncertainty deterred buyers

FBMKLCI 07 Mar 2016 12:30PM

Bursa Malaysia News For Today and Forecast of Market

Malaysian Benchmark:

The FBM KLCI opened 1.59 points lower at 1,686.61.

The local unit was quoted at 4.1280/1340 per US dollar versus 4.1310/1380 at 5pm on Thursday.

Counter-Specific News: 

• The cases by Petroliam Nasional Bhd and Petronas Gas Bhd (PetGas), on the off chance that they are esteemed payable, will have an unfriendly money related effect to MClean Technologies Bhd.MClean Technologies said this in a recording to Bursa Malaysia yesterday. 
• Berjaya Corp Bhd (BCorp) is wanting to work another drug store chain, Chemist Warehouse Berjaya Asia – a joint endeavor between its recently procured organization Morning Charm Sdn Bhd and Melbourne-based CW Retail Asia Pty Ltd. 
• Shares of Kuantan Flour Mills Bhd fell 11.11% early today after the organization told Bursa Malaysia that it had gotten the gesture from the Companies Commission of Malaysia to hold its yearly broad meeting for 2015 and table its evaluated budgetary proclamation for the period finished Sept 30, 2015, by most recent March 31, 2016. 
• Malaysia Airports Holdings Bhd (MAHB) is one of the leaders to secure an arrangement to deal with the new terminal at Saudi Arabia's King Abdulaziz International Airport (KAIA) in Jeddah. 
• AirAsia Bhd reported final quarter money related year 2015 (4QFY15) net benefit of RM554.2 million (4QFY14: net loss of RM428.5 million). 
• Shares of Inari Amertron Bhd rose 2.12% at mid-morning today after its completely possessed auxiliary Inari Integrated System Sdn Bhd (IISB) has gotten a letter of endorsement from the Malaysian Investment Development Authority (MIDA) for a coordinated coordinating award of RM100 million.

Market Review for KLCI 

The FBM KLCI list lost 2.83 focuses or 0.17% on Thursday. The Finance Index fell 0.30% to 14225.65 focuses, the Properties Index up 0.13% to 1138.46 focuses and the Plantation Index rose 0.20% to 7864.59 focuses. The business sector exchanged inside of a scope of 15.64 focuses with a high of 1699.96 and a low of 1684.32. The KLCI neglected to keep up in positive domain and shut hardly bring down at 1688.20 focuses in the midst of overnight picks up in US Market as oil cost edged higher. The execution of our nearby bourse was constrained as benefit taking kicked in taking after the rally in the previous two days 

Market gauge for KLCI 

The KLCI file is required to be miserable furthermore if test the level of 1706 in coming exchanging session and the hybrid of this level can push the cost further up to the level of 1726 in close term.

KLCI Market Review|Levels|FBMKLCI Day Performance

Market Review for KLCI 

As on 2 march

The FBM KLCI list increased 16.07 focuses or 0.97% on Tuesday. The Finance Index expanded 0.87% to 14140.12 focuses, the Properties Index up 0.99% to 1135.7 focuses and the Plantation Index rose 0.39% to 7821.5 focuses. The business sector exchanged inside of a scope of 15.35 focuses with a high of 1670.82 and a low of 1655.47. 

The KLCI shut higher at 1670.82 focuses regardless of overnight misfortunes in US Market. The execution of our neighborhood bourse was in accordance with the vast majority of our local associates after a bounce back on China's benchmark Shanghai Composite Index. 

Market estimate for KLCI 

The KLCI file is relied upon to test the level of 1675 in coming exchanging session and the hybrid of this level can push the cost further up to the level of 1685 in close term

Malaysian Benchmark:

• At 9am, the FBM KLCI rose 4.81 points to 1,675.63.
• At 9.01 am, the Ringgit stood at 4.1565/1605 from 4.1685/1755 on Tuesday, in extending the improvement against the US dollar.

FBM KLCI Performance & Levels

Bursa Malaysia Price and Market Forecast

Malaysian Market Review for KLCI 

• The FBM KLCI file lost 8.69 focuses or 0.52% on Monday. The Finance Index fell 0.07% to 14018.62 focuses.
• The Properties Index dropped 0.24% to 1124.54 focuses and the Plantation Index down 0.59% to 7791.11 focuses. 
• The business sector exchanged inside of a scope of 12.56 focuses with a high of 1664.11 and a low of 1651.55. 

The day finished with the KLCI shutting lower at 1664.17 focuses. The execution of our benchmark record was in accordance with overnight misfortunes in Wall Street, hurt by weight from a recharged drop in oil costs.

Market forecast for KLCI

The KLCI closed lower at 1654.75 points amid last Friday's mixed performance in US market. Market remainedsubdued as lack of positive fresh lead. The performance of our local bourse was bogged down by selling interests inheavy weight counters such as AmBank, Sime Darby, and SapuraKencana Petroleum.

Technical Indicator

RSI      :Price line below centre line at 49.215

CCI      : Above the signal line at -10.847

MACD : Below its signal line showing its cross over at 4.788

Malaysian Stock Market Higlights of feburary month

Bursa Malaysia Share Price Counter Specific 

• Petroliam Nasional Bhd (Petronas), which posted a net misfortune in the final quarter of 2015, might consider raising assets taking after its failure to meet its capital consumption (capex) and profit duty through income from operations. 
• Felda Global Ventures Holdings Bhd (FGV) reported a net benefit of RM117.12 million for the year finished Dec 31, 2015 – not as much as half of the RM325.48 million posted in 2014.Revenue for the entire year was climbed marginally to RM15.66 billion from RM15.25 billion preceding because of higher volumes of unrefined palm oil (CPO) sold. 
• Tenaga Nasional Bhd (TNB) has augmented the force buy understanding (PPA) with Powertek Bhd's Telok Gong power station until Dec 31, 2019, making ready for China General Nuclear Power Corp (CGN) to finish up the procurement of 1 Malaysia Development Bhd's (1MDB) power resources. 
• Sona Petroleum Bhd has figured out how to secure a half markdown for its qualifying resource obtaining, the organization reported in a documenting with Bursa Malaysia yesterday. 
• DRB-Hicom Bhd unit Malaysian Shipping Agencies (MSA) has been granted a US$52 million (RM219.4 million) cargo sending and related administrations work for Refinery and Petrochemical Integrated Development (Rapid) venture in Pengerang, Johor.
• KPJ Healthcare Bhd's net benefit for the final quarter finished Dec 31, 2015 split because of extra procurement for representative offer alternative plan (Esos) and limited issue to clinic specialists situated as per bookkeeping benchmarks. 
• The Malaysian Investment Development Authority (Mida) is focusing on RM121.5 billion worth of affirmed speculations for the assembling and administrations (barring land) divisions this year.The target is lower than the RM156 billion accomplished for the two areas a year ago. 
• Hibiscus Petroleum Bhd offers fell 2.78% in ahead of schedule exchange todau after its second quarter finished Dec 31, 2015 (2QFY16) net misfortune expanded to RM164.17 million, from RM10.66 million a year back, essentially on account of halfway disability on its Australia resource and weakening of enthusiasm for Lime Petroleum Norway AS. 
• Shares of Eversendai Corp Bhd fell 3.62% toward the beginning of today after its net benefit dropped 51.7% on-year to RM7.823 million or 1.01 sen for every offer in the final quarter finished Dec 31, 2015 (4QFY15) from RM16.2 million or 2.09 sen for every offer a year back, generally on higher expense of offers, account costs, and working and regulatory cost.

Fates Crude Palm Oil

• Malaysian palm oil fates ascended on Monday, developing increases for a third session, as dealers hope to see inventories plunge beneath the 2 million ton mark toward the end of February. 
• Chicago Board of Trade corn prospects fell on Monday for a fifth straight session, withdrawing from right on time propels as worries about powerless interest compelled the business sector, dealers said. 
• U.S. unrefined petroleum costs were consistent in right on time Asian exchanging on Tuesday after lower residential creation and additionally plunging yield from OPEC fixed the business sector pretty much as China further facilitated its financial approach in an offer to help utilization.

BURSA MALAYSIA MARKET-Crude Oil

CRUDE

Crude oil fall fall and demonstrated a red light in the day time yet concerning backing of $30 demonstrated exceptionally solid and took the bounce from the $ 30 to $ 32.40 this move was a pattern breaker and changed the way of merchants also so now we search for the purchasing in the oil yet ought to be from the plunge 

Conjecture 

For the day we can pursue the cost to come till 30.50 and that will be cost where one can start the purchasing for the levels of 33.00

BURSA MALAYSIA MARKET Gold & Crude Today

GOLD Bursa Malaysia Market Watch as on 25 feb 

Gold demonstrate the enthusiasm of potential purchaser and pulled the costs to 1153.00. This force was the more solid than the most recent week this energy of gold had opened the nearby for the purchasers and further this move had come about a negative impact on the cash market also 

Conjecture 

Purchasing on plunge would be a savvy choice as the pattern is gazing pointedly upward side this purchasing can lead the cost to 1165 handle

Crude oil This week

CRUDE

Crude oil market initially rallied during the course of the week, a downfall was noticed on Friday as well. On the current scenario chart of crude oil speaks for the consolidation for the coming days too. As oil had touched the lows in last few days and tried hard to jump from the support somewhere it got succeeded too but not reliable. To gain the trust the of investors oil need to sustain above the handle of 41.00 which can be a safer hand to invest.

Forecast

For the course of the week we can initiate buying above 36.00 which can be hold till 40.00 as the 40.00 is a break at which the market will test to break the resistance. If the resistance get broken then we can look forward to the levels of 46.00

BURSA Malaysia market In Bullish Trend Today

Bursa Malaysia as on 22 feb

Bursa Malaysia opens lower on monday market. FTSE Bursa Malaysia Kuala Lumpur Composite Index down 4.38 points to 1671.41.

The FBM KLCI fell 5.14 points or 0.31% on Friday. The Finance Index lost 0.26% to 13986.46 points, the Properties Index upstairs 0.46% to 1128.18 points and the Plantation Index downstairs0.82% to 7924.58 points.

The KLCI extended its mid-day losses by ending lower at 1674.88 points amid overnight losses in US market. The downtrend in our benchmark index was dragged down by losses in heavyweight counters such as IOI Corp and Genting Bhd.

Market Forecast for week ahead

Bursa Malaysia KLCI Forecast For Monday

The KLIC index is expecting it to continue its bullish movement in coming week on the back of the expectation of the potential rebound in the Crude Oil price, however the market can take resistance at the level of 1685 and the crossover of this level can lead to a bullish movement in near term and after that the market can test the level of 1705.

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Weekly Wrap of KLCI

Bursa Malaysia Weekend as on 19 feb

The week started with bearish sentiments and traded range bound thorough the week and ended on a positive note on Friday.The FBM KLCI index gained 33.27 points or 2.04% on Friday. The FBM KLCI index lost 5.14 points or 0.31% on Friday. The Finance Index fell 0.26% to 13986.46 points, the Properties Index up 0.46% to 1128.18 points and the Plantation Index down 0.82% to 7924.58 points. The market traded within a range of 11.39 points with a high of 1685.23 and a low of 1673.84.

The KLCI extended its mid-day losses by ending lower at 1674.88 points amid overnight losses in US market. The downtrend in our benchmark index was dragged down by losses in heavyweight counters such as IOI Corp and Genting Bhd.

KLSE Closed Market Watch

FTSE Bursa Malaysia KLCI market report 19 feb 2016

Bursa Malaysia stock closed at 1674.84 with a change of 5.140%.

Top Gainners of today's market are PANAMY,F & N,SOP,VITROX

Top Loosers of today's market are NESTLE , GENTING,ADVPKG,UMCCA.

The KLCI Extended Its Midday Gains & Closed Higher

FTSE Bursa Malaysia KLCI (^KLSE) 19 feb 2016

MALAYSIA share prices again up stairs on Friday at 1677.52.Bursa Malaysia share price opens 1673.84 in morning and closed with a bullish trend with 1677.52.In today's scenario KLCI can range between 1685.23-1673.84.BURSA MALAYSIA can jump to its highest at 1685.23 on friday