Check-in.

I'm licking my wound. Half of my gain from GE13 has been wiped out.

Anybody knows where I can get the KL stock market index by month? I don't need to index by day, by month will do.. And I hope to get the data as far back as possible... 20, 30 years.

The Malaysian government should slap some heavy penalty, to subsidise for the cost of healthcare and loss of revenue from the tourism.
And we should boycott products from these two companies. We should hurt them where it hurts most and the place that hurts most for companies is "profits". Everything else, the management will just ignore... and then forgotten. Only when profits are hurt, then management will succumb to pressure and start doing the right thing.

Somebody should start compiling a list of products and services offered by these companies and share them on facebook EVERY MONTH to refresh our memory. It's like the chain letter that does not die. If this message is reinforced long enough into the consumer minds, then the value of these brands will diminish.

OT

http://thestar.com.my/news/story.asp?file=...99&if_height=10

What the h3ll is wrong with our government? "Open burning has been banned .... with immediate effect". Why only now? Open burning should be banned ALL YEAR ROUND 24/7. Fark our government.

I wonder what Neo's doing now.

I got margin call

I get margin call when I breach the approved margin.
My approved margin is 60%.
Example my share margin is 100k. And total portfolio is 200k. So the margin is 100/200 = 50%. When the stock price goes lower and lower, this means the value of the portfolio becomes lower. Example, 100/170 = 58.8%. So I am still safe.
If the price goes even lower, then I'll get margin call. Example, 100/160 = 62.5%

No. The share financing or margin financing is not 2-3x of cash value. The financier will give you an approved limit. Example, 100k. You cannot borrow more than 100k. But at the same time, you don't need to use all the 100k. you can use 0, 20k, 45k.... up to you. It's like an overdraft ready for you to use.

They have certain rules like earlier example, the margin must not be more than 60% of the portfolio, or collateral. So, if you deposit 10k and buy 50k of stock, this means you borrow 40k margin. Then 40/50 = 80%... above the 60% limit. Financier will ask you to top up the collateral with cash or sell.
If you deposit 10k and buy 15k stock, this means you borrow 5k. So 5/15 = 33%. This is below the approved limit so there is no margin call. Is considered the bank loan you money to buy share. This amount will charge you interest.

Beware also that not all the stocks is valued at 100%. For example, I buy ABC share and bank only take 80% of it's value as collateral. So if market price for my ABC stock is 50k, bank will only assume it is worth 40k when calculating whether I have breached the margin limit or not.

The margin interest is calculated daily rest.
In this example, you haven't touched the margin yet because you only bought 80k stock. So your account will left with 20k cash. After you have finished using your cash, then if you still want to buy, then you will use the margin.

Yes. Daily rest.

I think the interest start charging after T+3, but I cannot confirm this because I have never bought on margin and sold before the T+3.
On T+3, you will settle 5k. Then your account will have 0 cash and 15k stock. If you want to buy more, then you will use the margin. If you add more cash, then when you buy, it will minus your cash first before using margin.