Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Wednesday, December 5, 2012

Malaysia KLCI +0.3%; 1620-1630 Resistance - Affin

DJ MARKET TALK: Malaysia KLCI +0.3%; 1620-1630 Resistance - Affin


0243 GMT [Dow Jones] Malaysia's KLCI is up 0.3% at 1612.67 tracking gains in most Asian stock markets with all sectors in positive territory except for plantation stocks. "This week's bullish reversal and a dramatic shift in technical indicators in the last two days may inspire more aggressive buying and upside for KLCI toward the mid-November high of 1630," says Affin IB. The house pegs 1620-1630 as the resistance zone while support remains at 1580-1600. Market breadth is positive at 237 gainers vs 134 losers with 221.1 million shares changing hands. Among the most active benchmark stocks, Maxis (6012.KU) is up 0.2% at MYR6.45, UEM Land (5148.KU) up 1.0% at MYR2.10 and AMMB Holdings (1015.KU) is up 0.3% at MYR6.45.

No comments:

For New UBER users, Get RM15 off