KLCI 21st June Performance: +1.69 @ 1387.96

KLCI 22nd June Performance: +1.42 @ 1389.38

KLCI 25th June Performance: -14.44 @ 1377.13

KLCI 26th June Performance: -10.14 @ 1366.99

KLCI 27th June Performance: -9.56 @ 1357.43

KLCI 28th June Performance: -6.71 @ 1350.72

KLCI 29th June Performance: +3.66 @ 1354.38

after 4 days of downward trend this week ...

KLCI among Asia's top performers

Stories By JAGDEV SINGH SIDHU, KATHY FONG, IZWAN IDRIS and YEOW POOI LING

THE substantial gains in share prices driven mainly by foreign interest have pushed the KL Composite Index (CI) into uncharted territory.

The benchmark index surged 258 points, or 23.5%, to 1,354.4 points in the first half of the year, making Malaysia Asia's best performing market after Pakistan, Vietnam and China.



The KLCI recovered rather fast from the heavy sell-down in February and early March and marched to a record high of 1,391.6 on May 22.

In the past six months, the Second Board index has risen 20 points, or 18.6%, to 110.65 while Mesdaq index soared 17.8 points, or 14.8%, to 137.7.

The buoyant market was supported by inflow of foreign funds, a slew of mergers and acquisitions, including privatisation, and news of more public projects to be dished out in the construction and oil and gas (O&G) sectors.

Many investors have probably been celebrating their hefty returns in the past six months.

But the higher share prices have also made investment decisions difficult in the second half, although investment analysts believe that the bull would still be charging ahead.

Dealers said some local fund managers, who had been through market doldrums in the past 10 years, were selling on rallies amid concerns over the sustainability of the bull run.

The cash positions of the local institutional investors are believed to be high.

MIMB Investment Bank head of equity research Pong Teng Siew said the cash held by local fund managers would soon have to pour into the market.

"Local fund managers have to invest their cash but the valuations aren't at the low levels that they want. They would have to make a decision sooner or later," he added.

Pong also noticed that foreign funds, which had been on a buying spree early this year, had been trimming their positions in recent weeks.

Such selling activities were likely to put downward pressure on the local market, he added.

Given the current low interest rate environment, Phillip Capital Management Sdn Bhd chief investment officer Ang Kok Heng told StarBiz the equity market still offered better returns than fixed deposits.

"The valuations of many stocks are more expensive now compared with a year ago. But these have not reached the levels where investors need to be cautious," Ang said, concurring that investment decisions were tougher to make now.

"Unlike a year ago, you could find many stocks trading at single-digit PE ratios. So, stock picking is more important since the valuations have gone up quite a fair bit," said Ang.

Among the sectors Ang favours are the water, O&G and property sectors.

CIMB head of equity research Terrence Wong said the local bourse had "significant room for upside".

"While it is still too early to tell whether Malaysia can enjoy a prolonged multi-year bull market supported by solid and improving fundamentals, we are confident about its prospects, at least for the next nine to 12 months," he said in his latest strategy report.

His bullish view is supported by the expectation that the general election could be held "later than sooner", the positive news flow on Government pump-priming and corporate earnings growth that were expected to beat forecasts.

Wong's 12-month target for the KLCI is 1,700 points, supported by a 22% growth on earnings per share. He anticipates the CI finishing the year at 1,440 points.

However, he also said the performance of the regional markets and Wall Street remained the greatest risk factors.

This post has been edited by David83: Jun 30 2007, 10:45 AM

KLCI 2nd July Performance: +9.99 @ 1364.37

KLCI 3rd July Performance: +8.77 @ 1373.14

with 4,072,600 shares worth RM 48.28m

This post has been edited by David83: Jul 4 2007, 07:57 AM

Noted and added.

Only KLSE provides that. I grab my daily updates from CIMB i-trade.

KLCI 3rd July Performance: +4.00@ 1377.14

with 6,072,700 shares worth RM 74.64m

KLCI 4th July Performance: -7.84 @ 1369.30

with 2,612,800 shares worth RM 32.33m

KLCI 9th July Performance: +4.85 @ 1378.69

with 1,175,100 shares worth RM 14.48m

KLSE website



http://www.klse.com.my/website/bm/

Or I extracted the wrong information?

This post has been edited by David83: Jul 9 2007, 06:56 PM

KLCI 9th July Performance: +4.85 @ 1378.69

with 14,408,153 lots worth RM 2,200,843,924

Sorry, I think my company's proxy caching is giving the inaccurate information.

KLCI 10th July Performance: -12.18 @ 1359.27

with 13,455,641 lots worth RM 2,429,381,756



This post has been edited by David83: Jul 11 2007, 07:54 PM