KLCI Report - 20 Aug, 2015

Market Review for KLCI

• The FBM KLCI index gained 2.84 points or 0.18% on Wednesday. Finance Index increased 0.27% to 14249.6 points.

• Properties Index up 0.62% to 1114.99 points and Plantation Index rose 0.24% to 6864.47 points. The market traded within a range of 14.43 points between an intra-day high of 1594.68 and a low of 1580.25 during the session.

• The KLCI extended its gains for the second day after inched up 2.84 points to 1582.44 points despite overnight losses in US market as concern over slowing growth in China. Investors still remained cautious as lack of fresh lead in local market.

Market Forecast for KLCI

We expect the KLCI market to trade positive in next trading session if it breaks the technical level of 1595 and can reach to a intra-day high of 1625, however the mixed market sentiment can restrict it to trade sideways and it can take resistance at 1595.

FBM KLCI Day's Performance

Open	1594.68
High	1594.68
Low	1580.25
Close	1582.44
Change (in points)	2.84
Change ( in %)	0.18%
Volume	1894.2M
Rise	557
Fall	259
Unch	985

KLCI Levels

Support 1	1554
Support 2	1530
Support 3	1507
Resistance 1	1595
Resistance 2	1625
Resistance 3	1655

Market Highlights

• Malaysian share prices opened lower today in line with the regional markets, and stayed on course to stay below the crucial 1,600-point level.

• The FTSE Bursa Malaysia Kuala Lumpur Composite lost 7.93 points to 1,574.51. 

• Aemulus Holdings Bhd, an electrical and electronics engineering company in the semiconductor tester industry, has signed an underwriting agreement with TA Securities Holdings Bhd for a proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

• Daya Materials Bhd’s net profit for the second quarter ended June 30, 2015 rose 87.68% to RM8.77 million from RM4.68 million a year ago, due to higher utilisation of its vessels Siem.

• Eco World Development Group Bhd, whose shareholders approved the joint development of the RM8.7 billion Bukit Bintang City Centre (BBCC) project yesterday, is on track to launch the project by year-end.

• Petronas Dagangan Bhd (PDB), the retail arm of national oil company Petroliam Nasional Bhd (Petronas), has rolled out the first Euro 4M RON 97 petrol in the country, two weeks ahead of its gazetted Sept 1, 2015 implementation date.

• MSM Malaysia Holdings Bhd’s net profit for the second quarter ended June 30, 2015 rose marginally to RM79.13 million from RM78.71 million a year ago due to increased demand for refined sugar.

• AMMB Holdings Bhd’s net profit slumped 36.7% to RM339.51 million in the first quarter ended June 30, 2015 (1Q15) from RM536.94 million a year earlier.

• Bank Negara Malaysia (BNM) has issued a circular to foreign exchange dealers of both local and foreign institutions disallowing onshore banks from taking onshore fixing orders from offshore banks