Malaysian stocks opened higher at 1881.68 with FBMKLCI change of -1.380 points in mid-morning. The ringgit opened lower against the US dollar the greenback rose broadly against major peers on upbeat US consumer confidence data. Malaysian banks underweight given the new threats to earnings growth despite the recent interest rates hike due to intensified competition for deposits, lethargic business loan growth, rising capital requirements, a new ruling on Islamic deposits and unattractive valuations. The ringgit will likely appreciate in the third quarter as investors hunt for stronger yields in emerging markets like Malaysia.

1. KLCI
T E C H N I C A L
REPORT
www.capitalvia.com.sg
July 31st, 2014
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2. Malaysian stocks opened on a mixed
note at 1884.08 and turned slightly
lower at midday today in active
trading, with interest seen in selected
heavyweights and penny stocks.
Market has lead by PPB, GENM,
KLCC, AXIATA and DIGI, rest share
prices has taken up correction by
maintaining an uptrend. Prices might
open in between 1879-1880.
RSI stood below the centre line at
48.675 with its CCI at -16.260.
Difference line of MACD performed at
-1.218 below its signal line which
performed at 0.110.
Market Review for KLCI
Market forecast for KLCI
Technical indicators
FBMKLCI Day Performance
Open 1884.08
High 1886.39
Low 1877.51
Close 1878.34
Change(Points) 1.00
% Change 0.05%
Volume 2117.5M
Rise 461
Fall 408
Unch 1401
KLCI LEVELS
Support 1 1869
Support 2 1860
Support 3 1845
Resistance 1 1888
Resistance 2 1898
Resistance 3 1913
Top Gainers
Scrip Name CMP %change
PPB 15 2.74
GENM 4.35 1.64
KLCC 6.45 1.26
AXIATA 6.94 0.73
DIGI 5.73 0.7
Top Looser
Scrip
Name
CMP %change
FGV 4.1 -1.68
TM 6.3 -1.1
MAXIS 6.67 -0.89
IHH 4.71 -0.84
PETDAG 18.94 -0.53

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ECONOMIC FACTORS:
 The Malaysian Automotive Association had on July 23 revised upwards its total industry volume (TIV)
forecast for this year to 680,000 units from the earlier target of 670,000 units.
 Bina Puri Holdings Bhd, confident of its future growth, says it is bullish to end the current financial on a firm
note despite sentiment being impacted by the delay in handing over the Kuala Lumpur InternationalAirport
2 (klia2) project.
 Malaysian banks given new threats to earnings growth, despite interest rates hike.