Malaysia Market

 FBM KLCI jumped as Malaysia Prime Minister announced a basic salary policy in Malaysia will boost better personal income in this country followed by improved US Economy data. The FBM KLCI surged by 11.8 points to 1,582.4. The most active counters were seen in Naim Indah Corp, UTOPIA, China Stationery, and JCY International.

The FKLI spot month contract soared higher by 18.0 point to 1,583.5 the futures index closed at a volume of 9,335 lots and open interest at 27,409 contracts.

European stocks declined for the second time in three days after reports showed that U.S. employers added fewer payrolls than forecast and euro-area unemployment rose to a 15-year high. Meanwhile, Asian stock markets broadly advanced Wednesday, as investors reacted to Chinese manufacturing data and a move to cut trading costs, while a weaker yen helped Japan’s market.

Today market may see continually to be traded positive as investors believe China Economy data will show a rebound of World Economy recovery.  We see support levels at 1582 and 1569 while the resistance levels are at 1588 and 1593.