KLCI up by 11.33 and closed at 1245.64

'time to join in', small fries. Big fish are waiting in the pond. Wait till more fries in, then big fish will swallow u all.

This post has been edited by Singh_Kalan: Feb 14 2007, 07:18 PM

Anyhow,... I hope my wish would be granted...

A sign of real giant-turbo-bull in the making!!!

This post has been edited by edifgrto: Feb 14 2007, 07:20 PM

now the so call "rubbish" stock also join the trend! Is it a sign end of BULL or A REAL BULL it just starting

2 days left before KLCI is closed for long CNY weekend.

hope can find some angpow for the last 2 days before CNY..
may the force be with u..

Sentiment on KL market buoyant

PETALING JAYA: With the US, Japan and Singapore stock markets charting new highs in the past few days, sentiment on the local bourse appears to be buoyant as foreign funds continue to pour into Malaysian stocks.

The Kuala Lumpur Composite Index (KLCI) rose 11.3 points, or 0.9%, to 1,245.6 yesterday driven by big gains in index-linked stocks such as Kuala Lumpur Kepong Bhd (KLK) and IOI Corp Bhd.

KLK put on 70 sen to RM16.50 while IOI rose 20 sen to RM19.80.

Counters related to the Iskandar Development Region also attracted strong buying interest. UEM World Bhd's share price advanced 48 sen to RM3.96 while unit UEM Builders Bhd surged 7.8% to RM2.07. Ekovest Bhd rose 11.6% to RM2.51 and Tebrau Teguh Bhd jumped 26.6% to 90.5 sen.

The Second Board Index rose 1.1 points to 97.6.

Gainers outnumbered losers 804 to 215 with 185 counters unchanged. Trading turnover hit a record high of 2.8 billion shares worth RM3.4bil.

On Tuesday, the Dow Jones Industrial Average rose 0.8% to 12,654.85 points, Standard & Poor's 500 Index improved 0.8% while the Nasdaq Composite Index was up 0.4%.

Japan's Nikkei 225 closed at an almost seven-year high of 17,752 points yesterday. The Singapore Straits Times Index reached an all-time high of 3,236.6 points on Feb 7.

OSK Securities head of research Kenny Yee said the regional bourses were seen as "liquidity markets" given the huge inflow of foreign funds.

"Fundamentally, we are doing quite well in terms of corporate earnings, transformation exercises as well as merger and acquisition activities. Corporate Malaysia is finally showing results," he said, noting that the market could easily pass 1,300 points.

Another head of research concurred, saying "it is high time Malaysia catches up" with its regional peers after lagging behind for years. "We have a lot of good news and the right audience. The interest from foreign funds continues to build up. The question now is what could derail the market" he said.

Elsewhere, the share prices of companies with stockbroking operations like ECM Libra Avenue Bhd, TA Enterprise Bhd and OSK Holdings Bhd also improved on expectation that they would benefit from the heavy trading volume.

ECM added 8.5 sen to 96.5 sen, TA improved 6 sen to RM1.40 while OSK increased 21 sen to RM2.69.

On whether a "bubble" could be expected, the head of research said while the local market was trading at a premium over its peers, the gains were not as excessive as during the pre-crisis years.

CMS Dresdner Asset Management Sdn Bhd chief investment officer Scott Lim said the positive changes in the country had resulted in many foreign funds wanting "to put money in Malaysia."

"If the whole world is doing well, we shouldn't be doing worse. After all, we went through 10 years of not-so-good times," he added.

For latest Bursa Malaysia indices, charts and other information click here

Source: The Star Online
URL: http://biz.thestar.com.my/news/story.asp?f...20&sec=business

Just hope that volume is not that high, otherwise normally huge volume hint the sign of near the end of a bull run cycle. You can see the long term chart, normally market peak when volume is peaking also.

Fundamentally, not much has huge improvement except TNB with tariff hike which boost its profit and solve the cashflow problem. This time of bull run is driven by liquidity and playing some catch up game (previously a bit undervalued).

Economically and fundamentally is not as exciting as the stock market shown due to anticpated a much slower growth a year or two ahead.

This post has been edited by cherroy: Feb 15 2007, 09:39 AM

Seemed like the KLCI will increase until CNY...probably will slow down and decrease after CNY...now KLCI rise 11 points again...1257.08!!!

KLCI rose 12.99 and closed at 1258.63

hmm mm,... why you two posts is not the same one?
Who shall I believe now?

>_<"


This post has been edited by edifgrto: Feb 15 2007, 06:33 PM

Mine is from KLSE website and it's closing data. His is should be lunch break data.

So close to 1260, eh?!
By the way, which 2 days then no market in Malaysia? Me forgotten already...
Lazy to go bursa... ... mate remember?

Should be Monday and Tuesday (Malaysian calendar).

Woah,... means tomorrow would be the last day. Then long vacation?!...

PS: can mate check the thread of Stock Market in Malaysia. I update my last post there... regarding Puncak... your opinion please!

This post has been edited by edifgrto: Feb 15 2007, 06:56 PM

noobie ere..
may i know wat is
*bull run
*liquidity

thxz

bull run=market keep going up
liquidity=the number of share float in the public for change hand, the more it float, the more liquid the stock!

---

Added on February 15, 2007, 11:55 pmanother new high of value change hand! RM 4 billion! If market cannot maintain above RM3 billion, then may sign of retreat!

This post has been edited by investmentlink: Feb 15 2007, 11:55 PM

I think there will be a quite a major correction after CNY. If you see for the past 2 months, there is not much/no correction made. We need this correction very badly actually. What cherroy mentioned is right, normally when there is high volume, the bull cycle tends to end after that. But IMO, not this time, this cycle is too short even tho we broke the record of 4 bil today, investors jus came in around 2 months ago and retailers, jus started to play around 2 weeks ago. But i think there will be a major correcting after CNY, maybe dropping the CI to 1200 and then pushing up to god knows how high they want to push.

Lets hope the year of the dog will end in a good note and may the year of the pig bring fortune to everyone.

correction is required when all shares are up...how many % of shares are actually up n require correction? if foreign fund keep on buying n holding existence shares...mkt may not dry up....if overall sentiment in the region remains good...y cash out? all asian regional bourses register healthy gain not only msia

if you compared like to like, KLSE gain is still underperform compared to like STI if compared back 2-3 years time. It is just KLSE is playing some catch up game lately.

I can understand people cash out/lock in their profit partly because KLSE has been subdue for last few year time, also economy seen like going nowhere, lack of direction currently, majority of the economists also predict much slower growth next year.

Currently sentiment are extremely bullish, but you never know when it will change especially those 'goreng' stock can diminish quickly out of your seen.