O&G stocks will start to tango today

Stock Corrections Come to Europe as Greek Vote Hits Italy, Spain

While most financial markets were spared selloffs Monday, it was hardly a good day in equities -- especially those perceived as vulnerable to Greek contagion.

Stocks in Italy and Portugal fell more than 3.8 percent, and benchmark indexes in Spain and France lost 2 percent after voters in Greece rejected bailout terms. Half of the 18 western-European markets tracked by Bloomberg are now in corrections, with shares down 10 percent or more from their 2015 highs.

URL: http://www.bloomberg.com/news/articles/201...its-italy-spain

Fitch boost for Malaysia short-lived, ringgit hardest hit in Asia

PETALING JAYA: The simmering economic crisis in Greece and weakness in China continued to roil financial markets across the region, with the ringgit being the hardest hit among Asian currencies.

Sentiment on the ringgit was further compounded by rising domestic political risk, lingering concerns about 1Malaysia Development Bhd’s massive debt problems and lower oil revenue.

The local unit fell to a 16-year low yesterday at 3.809 against the US dollar - a level last seen before the exchange rate was pegged in 1998.

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URL: http://www.thestar.com.my/Business/Busines...ived/?style=biz

Oil low...August petrol price...

MYR weak. China dolls, Viet moi who work here may be heading home

RM1.6/L
vroom vroom is back again

China’s Stocks Resume Rout as Traders Unwind Record Margin Bets
http://www.bloomberg.com/news/articles/201...ind-margin-bets

Nvm lor...we can get more DJ Soda, Eunsol, Miyabi...

SSE Comp drops 3.86% as of now!

China n Europe ... N turn the head bc to Malaysia after the current issue resolved ...

true


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no one do top-up or cash-out?

retail price up because weaker MYR says jibby

Hi , just want to ask, is it monthly deduction/auto debit is a good strategy for investing in equity fund? e.g PONZi 2.0 ? Or only buy when the price is drop ? I know that this strategy is work with some low risk mutual fund, not sure is it correct way to do this in high risk equity fund?

This post has been edited by yeah016: Jul 7 2015, 01:05 PM

may I know work as what here until you cry?

I tried to make a payment today but I'm not able to receive TAC for all 3 banks.

Anybody faced similar problem on TAC delivery?

happy2 hour

monthly auto deduction will eliminate the guesswork and emotional factors of investing....
(guess work as in timing the mkts, emotional as in fear when the mkts corrects)

do monthly investment if you just starting out....buy in more when the markets corrects at the same time if you see that the regions will have more upside after the corrections....

You said this..."I know that this strategy is work with some low risk mutual fund, not sure is it correct way to do this in high risk equity fund?"
isn't it low risk mutual funds will usually fluctuates less...thus...anytime is also a good time to invest....lump sum or monthly deduction.....?

Who's to blame for China's stock-market plunge?
The Shanghai Composite has fallen 29 per cent since June 12. However, short positions made up less than 0.03 per cent of China's market capitalisation, while foreigners own less than 3 per cent of Chinese shares, making it unlikely that they could take down the whole market.
So who is to be blamed?
http://www.straitstimes.com/business/whos-...k-market-plunge

Chinese Trading Suspensions Freeze $1.4 Trillion of Shares Amid Rout

Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading.

Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges, according to data compiled by Bloomberg. Most of the halts are by companies listed in Shenzhen, which is dominated by smaller businesses.

The suspensions have locked up $1.4 trillion of shares, or 21 percent of China’s market capitalization, and are becoming increasingly popular as equity prices tumble. If not for the halts, a 29 percent plunge in the Shanghai Composite Index from its June 12 peak would probably be even deeper.

URL: http://www.bloomberg.com/news/articles/201...hares-amid-rout