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