Fitch Affirms Malaysia's LTFC rating at 'A-'; Outlook Revised to Stable
http://www.reuters.com/article/2015/06/30/...t92745620150630

Kelana Jaya MP claims Malaysia escaped Fitch’s downgrade due to the people having contributed some RM15bil through GST & the ending of the fuel subsidies

FBM KLCI gained 21.32 points, or 1.25%, to finish at 1,727.96 points today, but the benchmark index retreated from its intra-day high of 1,737.67 points as some selling pressure emerged in the afternoon.

Across the board, a total of 1.94 billion shares, valued at RM2.17 billion, were traded on Bursa Malaysia today.

Gainers outweighed losers, with 678 gainers against 192 losers, while 251 counters remained unchanged.

According to Areca Capital Sdn Bhd's chief executive officer Danny Wong, the quantum leap in the FBM KLCI can be attributed to the improved sentiment after Fitch Ratings has affirmed Malaysia’s credit rating at ‘A-’ and revised its outlook to stable from negative.

“For investors, one major issue, which was the potential downgrade of Malaysia’s credit rating by Fitch, has been resolved; but whether it is enough to constitute a bull market, I think that is yet to be seen, as it would depend on commodity prices moving forward, and also corporate earnings for the second quarter of 2015,” he told

Franklin Templeton: M'sia can absorb headwinds from current external risks

http://www.theedgemarkets.com/my/article/f...-external-risks

Kenanga IB Research has lowered its FBM KLCI end-2015 forecast to 1,810 points, from 1,845 earlier.
http://www.theedgemarkets.com/my/article/k...ast-1810-points

FBM KLCI gained 5.92 points or 0.3% to finish at 1,733.88, on optimism after Fitch Ratings upgraded Malaysia's debt outlook. Fund managers said Malaysian shares had also tracked Asian equity gains.

Etiqa Insurance and Takaful Bhd's head of research Chris Eng said, "the increase in KLCI points today was in line with other Asian markets, and was also a follow-on effect from yesterday’s positive newsflow, following a non-downgrade for Malaysia’s credit rating by Fitch."

“The non downgrade by Fitch was a welcome relief for investors, as evidenced by the performance of the stock market today, and some of the positive sentiment is still in effect, considering the performance of the market today,” Eng said

2H15 outlook remains rough for Malaysia
http://www.theedgemarkets.com/my/article/2...ia?type=Markets

The FBM KLCI gained 0.36 point to finish at 1,734.24, as investors bargain hunted for beaten-down shares. Bursa Malaysia saw 1.46 billion shares, valued at RM1.39 billion traded. There were 459 decliners and 295 gainers. This came amid significant losses in China shares and concerns over Greece's debt crisis.

Analysts said the KLCI had tracked Asian share losses, amid weak sentiment on the ringgit. Jupiter Securities chief market strategist Benny Lee said the "unexciting movement in the KLCI today can be correlated to the weak ringgit."

“Another factor is the weak markets regionally. The Shanghai market for instance, fell by 6% today, therefore the KLCI’s flattish trade today was in line with the downward sentiment regionally,” Lee said

Affin Hwang Investment Bank's retail research head Datuk Dr Nazri Khan said investors were mindful of Greece's debt crisis and the timing of US interest hikes.

Higher US interest rates will generate demand for US dollar-denominated assets, hence, a stronger US dollar.

“We expect the FBMKLCI index to stage a downside consolidation on Greece volatility, stronger dollar, flat ringgit, a respite in commodity price and a possible hike in Federal Reserve rates. Volatility is expected to remain high due to bond yield movement and Greece Grexit uncertainty, following the referendum over the weekend," Nazri said.

JAKS to jointly develop 1,200MW power plant in Vietnam?

VCAP Asset Managers launches fund to invest in blue chips

http://www.theedgemarkets.com/my/article/v...ps?type=Markets

KLCI falls 17.19pts on Greece debt crisis, Malaysian political woes

JF Apex Securities research head Lee Chung Cheng said investors were concerned about the possibility of Greece leaving the euro region and the timing of US interest rate hikes.

“We expect the KLCI to be trading sideways with negative bias in the near term, due to worries on 'Grexit', US rate hike (expected in Sept), local politicking and corruption allegations surrounding 1MDB,” Lee said.

Overall, Bursa Malaysia saw 1.54 billion shares, valued at RM1.409 billion, traded. There were 158 gainers and 646 decliners.

The Wall Street Journal (WSJ) has played their game well. After getting Najib to deny his involvement over the past few days, WSJ has now started uploading original banking documents depicting the money trail into the various accounts.

Be prepared for more downside for KLSE tomorrow.

LINK Panas Jibby - 1MDB

let's wait what they say bout the latest exposure by WSJ

LINK

http://money.cnn.com/2015/07/08/investing/...tions-answered/

http://money.cnn.com/2015/07/08/investing/...rge-toplead-dom

Malaysia’s blue chips ended a very volatile week on a firmer note on Friday

FBM KLCI was up 14.04 points or 0.83% to 1,715.58. Turnover was 1.673 billion shares valued at RM1.66bil. Advancers led decliners two to one or 537 gainers to 283 gainers while there were 298 counters unchanged.

Among the key regional markets,

Japan’s Nikkei 225 fell 0.38% to 19,779.83;

Hong Kong’s Hang Seng Index rose 2.08% to 24,901.28;

CSI 300 jumped 5.36% to 4,106.56;

Shanghai’s Composite Index rose 4.54% to 3,877.80;

Shenzen Composite rose 4.09% to 2,035.26;

Hang Seng China Enterprise rose 3.60% to 12,858.55;

Taiwan’s Taiex fell 0.69% to 8,914.13;

South Korea’s Kospi rose 0.17% to 2,031.17 and

Singapore’s Straits Times Index rose 0.38% to 3,279.88

Bursa enhances ACE Market listing requirements for greater clarity
http://www.theedgemarkets.com/my/article/b...ty?type=Markets

would go up because of weaker MYR says gomen