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STOCK MARKET DISCUSSION V98, Celebrating KLCI breach 13xx point
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SUSgogo2
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 Sep 22 2011, 01:56 PM
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Indonesia tumbles 5pc, led by banks
September 22, 2011
A stock broker makes a phone call at the Indonesia Stock Exchange in Jakarta October 10, 2008. — Reuters pic
SINGAPORE, Sept 22 — Indonesia stocks tumbled more than five per cent today, wiping out all their gains this year as concerns over the struggling rupiah currency and fears over the global economy heightened risks in a market that had been the region’s best performer.
Other Southeast Asian markets also lost ground as a gloomy outlook for the US economy by the Federal Reserve put a spotlight on risky emerging-market investments.
Indonesia’s main stock index was down 5.72 at 12.37pm, the region’s worst performer on the day and hovering at its lowest since March 17.
Thailand fell 2.5 per cent, Singapore was down 1.8 per cent, and Malaysia shed 1.3 per cent by 0455 GMT. Philippines was off 2.6 per cent.
Financial stocks led falls in the region with Indonesia’s largest lender, Bank Mandiri , down more than eight per cent, Bangkok’s Siam Commercial Bank off 4 per cent and Singapore’s DBS down two per cent.
Yesterday, Federal Reserve Chief Ben Bernanke warned there were “significant downside risks” to the US economy which it moved to counter with an effort to reduce long-term borrowing costs and bolster housing.
Analysts in Jakarta said a weaker rupiah also contributed to the market’s worst performance in the day.
“I don’t think it’s all because Bernanke’s speech. If it were only about Bernanke’s speech we could only down one or two per cent following the region. It’s mainly because of internal currency issues with rupiah seen weakening above 9,000,” said Pardomuan Sihombing, head of research at Jakarta-based Recapital Securities.
“There is a panic selling in stocks both from local and foreigners due to the weakening of rupiah and that will cause capital outflows. Firms with dollar exposure, especially importers including Indofood and Astra, will be affected,” he said.
Indofood was down seven per cent and Astra was down eight per cent by 12.50pm.
The one-month USD/IDR non-deliverable forward rate hit a near two-year high as offshore players continued to buy amid insufficient liquidity in onshore markets, dealers said.
“Offshore investors need to hedge their positions. They cannot fulfil their needs on onshore markets,” said a Jakarta-based dealer. The one-month NDF was up 2.9 per cent at 9,382 in early trade after rising to as high as 9,650, the strongest since November 2009. — Reuters
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SUSgogo2
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Sep 22 2011, 02:18 PM
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bro MONKEYKING & BONESCYTHE please come here and advice us now.... waiting for them..
Added on September 22, 2011, 2:19 pmQUOTE(panasonic88 @ Sep 22 2011, 02:17 PM) When it rains, everyone gets wet, bluechips redchips potatochips will not be spared. 1390 BRING IT ON! panasonic88 jie, I quote your fireworks in 1st page liao... kamsiah kamsiah  This post has been edited by gogo2: Sep 22 2011, 02:28 PM |
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SUSgogo2
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Sep 22 2011, 02:28 PM
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QUOTE(Myoswee @ Sep 22 2011, 02:27 PM) HSI broke 18000 Australia Dax broke 4000 KLSE broke 1400 RoaRRRRRRRRRRRRRRRRRR  |
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SUSgogo2
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Sep 22 2011, 02:30 PM
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QUOTE(ken_ng @ Sep 22 2011, 02:29 PM) sorry to say that usually 2nd session will be uglier unless there is some magic during 4pm. hope i'm wrong. dont shoot me ya   don't worry, is expected. After break psychology level it'll be free fall. Unless of course, EPF come and save the day! |
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SUSgogo2
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Sep 22 2011, 02:36 PM
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QUOTE(GregPG01 @ Sep 22 2011, 02:32 PM) spsetia going back to 1 cent (adjusted for dividends + bonus issue) ? lol . I got SPSETIA. 1 sen is what? Warrant ar? Dun play play la... heart attack wor |
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SUSgogo2
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Sep 22 2011, 02:37 PM
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QUOTE(ken_ng @ Sep 22 2011, 02:36 PM) can i ask a question here? since we always said that "Don't lose the capital", so shd we cash out to preserve our capital instead of letting it decreases gradually. I know some our our sifus/sijies here are just lossing the profits which they earn previously. But i'm referring to the condition where i'm not lossing the profit but i'm losing my capital. thank you for any advice, recommendation and suggestions. My OSK sifu said if you lose 10% capital, RUN FOR YOUR LIFE!!! |
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SUSgogo2
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Sep 22 2011, 02:42 PM
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QUOTE(yeowyin @ Sep 22 2011, 02:40 PM) you have to decide for yourself..... you can sell today and if tomorrow drop summore than you very happy, can even buy back at lower price, but if tomorrow rebounded then  in bearish market, if tommorow rebounded, it'll go down the next day. Don't worry  |
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SUSgogo2
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Sep 22 2011, 02:42 PM
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QUOTE(flamestudio @ Sep 22 2011, 02:39 PM) Hoho..... I think the best is to hide inside the toilet and get ready your bullets and rockets and grenade for war. Or shut down computer and go back to work......... i dun dare launch war now. 1350 points seems very real now. |
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SUSgogo2
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Sep 22 2011, 02:56 PM
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QUOTE(skiddtrader @ Sep 22 2011, 02:55 PM) If it makes you feel better, everyone else is also suffering the same fate.  Me too. All my holdings in red zone... come come my dear friends... |
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SUSgogo2
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Sep 22 2011, 02:56 PM
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QUOTE(Bonescythe @ Sep 22 2011, 02:55 PM) Good.. Haha.. Work more, get more capital.. Nothing to fear in this kind of market.. After downfall, time to do serious cashing in WOots..!! wat time? 1350 time?  |
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SUSgogo2
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Sep 22 2011, 03:01 PM
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QUOTE(Bonescythe @ Sep 22 2011, 03:00 PM) Yea, in market, there is up and there is down. It is how you capitalized the downside, and "abused" the upside later on Now, faster get more capital.. And get ready for the big cashing in. I think in Malaysia cannot capitalize downside except if you short future. |
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SUSgogo2
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Sep 22 2011, 03:07 PM
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QUOTE(Bonescythe @ Sep 22 2011, 03:02 PM) I mean, cash in big time after the dip.. We don't know where is the bottom. So cashing in big time, then it'll drop some more.  |
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SUSgogo2
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Sep 22 2011, 03:11 PM
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QUOTE(Medufsaid @ Sep 22 2011, 03:08 PM) Short futures... So you hedge and don't lose money but still hold stocks... Market rebounds, money flow from future to stocks but u still get your divvy Market drops, money flow from stocks to future great idea. I have heard this a lot of time. But now I suddenly understand this. OMG.. am I slow? |
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SUSgogo2
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Sep 22 2011, 03:16 PM
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QUOTE(flamestudio @ Sep 22 2011, 03:13 PM) Use the FORCE bro gogo2, use the FORCE. Cheers.... dark FORCE mah?  |
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SUSgogo2
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Sep 22 2011, 03:35 PM
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QUOTE(freddie @ Sep 22 2011, 03:31 PM) jakarta is dead. Jakarta overpriced. CHeck 2008 and 2011. 400% rise. Malaysia is only 100% rise.... |
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SUSgogo2
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Sep 22 2011, 03:41 PM
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QUOTE(ngaisteve1 @ Sep 22 2011, 03:37 PM) so no point going in even defensive (ie consumer) stock? Do you think economy suddenly pick up, Greece problem solve, US no more problem... blah3 ??? kakakaka... this drop will continue for a very long time .....kakakakaka |
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SUSgogo2
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Sep 22 2011, 03:44 PM
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QUOTE(yeowyin @ Sep 22 2011, 03:42 PM) 2008 bear lasted 12 months..... now we are only into the 2nd months... QUOTE(nasni @ Sep 22 2011, 03:43 PM) why instill fear in this kind of market...  my mind twisted liao due to twist policy |
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SUSgogo2
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Sep 22 2011, 03:48 PM
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QUOTE(cherroy @ Sep 22 2011, 03:46 PM) Greece problem is easy to solve one. 1. Defaulted 2. Out of Euro, has own currency. 3. Own currency depreciate significantly, boost competitiveness and tourism exploding due to depreciated currency and cheap goods there, boost the rest sector, start climbing back up. Yeah, but Euro keep on supporting it. Dunno why . LOL |
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SUSgogo2
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Sep 22 2011, 03:51 PM
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QUOTE(GregPG01 @ Sep 22 2011, 03:50 PM) Indonesia Bourse Official: May Suspend Trade If Main Index Falls 10% sound scary... i never see this before in the last 2 years
Added on September 22, 2011, 3:51 pmQUOTE(ken_ng @ Sep 22 2011, 03:50 PM) wa...DIALOG below rm2 liao... My OSK Sifu said this stock got ommph... This post has been edited by gogo2: Sep 22 2011, 03:51 PM |
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SUSgogo2
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Sep 22 2011, 03:59 PM
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sakit hati saya melihat stok2 saya
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