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[$] Weekly wrap of KLCI

Weekly wrap of KLCI

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 2.48
points or 0.15% on Friday. The Finance Index fell 0.11% to 13918.59 points, the
Properties Index dropped 0.19% to 1171.58 points and the Plantation Index down
0.33% to 7626.19 points. The market traded within a range of 15.87 points within
a high of 1664.53 and a low of 1648.66 during the session.
The KLCI ended the week with a positive note, closing slightly higher at 1657.61
points despite overnight losses in US market. The KLCI was mainly lifted by
gains in SapuraKencana and YTL Corp.

MARKET FORECAST FOR WEEK AHEAD

The FBM KLCI index is expected to trade sideways in coming week on the
back of the volatile China market movement which can keep the local
investors sentiments cautious about the market, however the level of 1630 is
a important level and if the market cross this level then it can drop further
down and test the level of 1600 in near term

TECHNICAL INDICATORS

RSI for this week is 46.514 with CCI at 19.89. Besides, difference line of MACD -12.474.

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