bursa can do whatever they want le....all the good things bursa get only.....you see the price since ipo

yalo, impossible Bursa issue UMA (Unusual Market Activity) to BURSA! haha!

Another good performance day for KLCI:

Malaysian shares gain on foreign buying

KUALA LUMPUR: Malaysian shares were higher Thursday on follow-through buying interest by foreign funds.

The Kuala Lumpur Composite Index rose 0.7 percent to 1,147.66 points.

Sentiment was boosted by stable December inflation data, diminishing concerns over domestic interest rate hike and positive corporate newsflows, dealers said.

Foreign funds were actively accumulating heavyweights in construction, property, telco and finance stocks, they added.

Among gainers, top bank Maybank rose 1.7 percent to 12 ringgit on plans to sell a large bulk of its non-performing loans.

Construction firm Gamuda soared 8.4 percent on hopes the government will approve a multibillion rail project.

UEM Group's listed units also advanced on hopes of landing contracts to repair damage caused by floods in southern Johor state, dealers said.

Suria Capital jumped 24.6 percent to 0.76 ringgit on talks that Singapore government-linked companies were interested in buying a substantial equity stake in the company. - AP

In another news:

Most Asian markets rise as Japanese stocks hit 9-month high

HONG KONG: Most Asian markets advanced Thursday, with Japanese stocks hitting a nine-month high after the central bank decided to leave interest rates unchanged.

Markets in Singapore and New Zealand rose to record highs.

Tokyo's benchmark Nikkei 225 index rose 109.58 points, or 0.63 percent, to close at 17,370.93 points - the highest since April. 21, 2006.

The Bank of Japan decided Thursday to keep interest rates unchanged at 0.25 percent amid mounting political pressure to hold off on raising borrowing costs to sustain the nation's economic recovery.

The verdict settles recent market uncertainty, but some analysts said the decision was somewhat worrying in that it appeared the bank bent to the government's will rather than pursuing an independent line.

"Keeping rates on hold is quite positive for the market, but only in the short-term,'' said Akio Yoshino, market economist at Societe Generale Asset Management in Tokyo.

Traders said the move should keep the yen weak and help export stocks and companies with large borrowing requirements stay strong over the next few weeks.

Government officials denied placing pressure on the central bank, and Bank of Japan Gov. Toshihiko Fukui said the bank was only looking at economic factors.

Gainers included exporter issues like Honda Motor Co. and camera manufacturer Nikon Corp.

In Hong Kong, the blue chip Hang Seng Index rose 212.94 points, or 1.1 percent, to close at 20,277.51.

Hong Kong's stock market is "quite expensive,'' Garry Evans, a strategist at HSBC, wrote in a research report. He said Hang Seng Index is trading at 19 times of forward price/earning ratio, higher than its past six-year average of 15.7 times.

The broader market picked up its strength in the afternoon led by China Mobile - the mainland's biggest mobile phone operator and the second-largest component of the benchmark index by market capitalization.

The stock ended 2.8 percent higher at HK$70.55.

Hong Kong Exchanges closed 2.6 percent higher at HK$89.75, after hitting record high HK$89.85 in the afternoon.

Bucking the uptrend, China Construction Bank fell 2.2 percent to HK$4.79 while Bank of China was down 1.2 percent to HK$4.03. In currencies, the dollar rose to 121.28 yen late Thursday, up from 120.67 yen late Wednesday in New York.

The euro rose to US$1.2966 from US$1.2932. Elsewhere:

JAKARTA: Indonesian shares finished up, helped by firmer rupiah and gains in most Asian major markets. The Jakarta Stock Exchange Composite index closed 19.225 points or 1.1 percent up to 1,777.708 point.

KUALA LUMPUR: Malaysian shares were higher on follow-through buying interest by foreign funds. The Kuala Lumpur Composite Index rose 0.7 percent to 1,147.66 points.

MANILA: Philippine shares advanced in heavy trade dominated by foreign investors, ahead of 2006 earnings reports. The benchmark Philippine Stock Exchange Index gained 40.17 points, or 1.3 percent, at 3,081.73.

SEOUL: South Korean shares ended slightly higher, with gains led by steelmaker Posco and bank stocks. The Korea Composite Stock Price Index, or Kospi, rose 3.73 points, or 0.3 percent, to 1,383.21.

SHANGHAI: Chinese stocks slipped as investors sold shares to lock in profits from recent gains in the bank and property sectors. The benchmark Shanghai Composite Index, which tracks both A and B shares, lost 0.8 percent to 2,756.98. The Shenzhen Composite Index rose 1.2 percent to 650.20.

SINGAPORE: Singapore shares ended at a record high, buoyed by gains in key Asian markets and a decision by the Bank of Japan to keep interest rates unchanged. The benchmark Straits Times Index rose 0.79 percent to 3,061.65. The previous closing high was 3038.21 points on Tuesday.

SYDNEY: Australian stocks rose, supported by major bank and mining stocks ahead of the February profit reporting season. The benchmark S&P/ASX 200 index added 26.3 points, or 0.5 percent, to 5,672.4.

TAIPEI: Taiwan shares rose slightly on optimism that financial companies had put bad-debt problems behind them. The Weighted Price Index of the Taiwan Stock Exchange gained 61.2 points, or 0.8 percent, to 7,895.18.

WELLINGTON: New Zealand stocks surged to a record high on takeover activity and speculation ahead of February's earnings season. The benchmark NZX-50 index gained 23 points, or 0.6 percent, to 4,096.34. - AP


Source: The Star Online

1200 is coming!

A declined day for KLCI today ...

Settled at 1179.66 after dropped 3.38

He investing in US market one. But since I dun know much of foreign market. He gave me a site to study(kinda teaching me something. ). He stocked many of those crude oils?! Dun know what he planning for?!

Another down day for KLCI

Declined 9.77 and closed at 1169.89



This post has been edited by David83: Feb 2 2007, 09:05 PM

A very good day for KLCI ... exceeded 1200.

Gained 20.13 and finished the day at 1209.48

The CI is getting bullish towards the CNY. Anyway it's doing good to everyone i guess

i think can crack 1300 before CNY

Recently, CI managed to cross 1200 level because of several reasons

1. general public pocket money
2. ringgit appreciation

I said general public pocket money is because the electrical tariff hike has caused public pocket to shrink but it has generated better profit for TNB, a huge more than 20% rise in profit, so its share goes up from RM9 to RM12 which contributed almost 30 points there.

Rising interest rate in BLR but not FD has led to better profit margin for financial stock like PBBank, Maybank and Commerz so their shares up almost more than 20% especially Commerz more than 50% so another 30-50 points from there. But general public suffer from high BLR but low FD rate, only good for banks due to the widespread of margin.

Another huge contribution will be Genting, needless to elaborate due to optimistic prospect for the new casino, gain from RM25-27 to recent RM39.50

2. Ringgit appreciation has attracted plenty of hot money into stock market that looks for double gain of stock and currency

My guess will be 1250 only since it's roughly 2 weeks to go.

Genting should give the CI further boost after it splits

2000-1209=791 to go! haha

Foreign interest in local stocks surges

PETALING JAYA: Foreign appetite for local stocks has increased substantially in recent months, judging from reports.

Collectively, overseas investors now own nearly a third of exchange operator Bursa Malaysia Bhd, a quarter of Tenaga Nasional Bhd (TNB) and over 40% of Bumiputra-Commerce Holdings Bhd. They also own substantial shares in top companies like IJM Corp Bhd and IOI Corp Bhd.

It is safe to assume that the level of foreign shareholding in local blue-chip stocks has risen significantly from a year ago.

The surge in interest has pushed the KL Composite Index (KLCI) past the 1,200-point level and made Bursa one the best performers among Asian stock markets so far this year.

Since January, the local benchmark has jumped 10.3% to yesterday's closing of 1,209.48 - its best level in almost 10 years. The rise follows the 22% increase in 2006.

Some analysts predict the KLCI would outperform other regional bourses this year - a first in four years. "We would probably see some profit-taking on select blue chips that have risen sharply in past weeks, but the market should be able to absorb that,'' a local fund manager said.

Much of the optimism came from the rising level of interest in the market. Yesterday, RM3.7bil worth of stocks changed hands, the highest since early 2000.

According to stock exchange data, the daily average value of stocks traded on Bursa in January was RM2.1bil compared with RM1.28bil in the final quarter of 2006.

The daily average for the whole of last year was RM1bil.

Brokers attributed the sharp increase in trading value in recent months to the huge inflow of funds from overseas.

Foreign investors currently account for about a third of the daily trade on the local bourse, Bursa chief executive officer Datuk Yusli Mohamed Yusoff has said.

And there are indications that overseas investors are still looking to increase their exposure to local big-cap stocks.

TNB recently said it has proposed to the Government to review the voting cap placed on its foreign shareholders who exceeded the 25% limit.

But the KLCI's sharp re-rating over the past six months may have also prompted some investors to review their stance.

Yesterday, Bloomberg reported that ABN Amro Holdings NV had lowered its rating on Malaysia and Indonesia to "neutral" from "overweight". The Dutch bank said it would lock in profits in the two markets following sharp gains over the past year.

Another foreign house, Credit Suisse First Boston, however, reiterated its "overweight" call on the local market on the prospect of higher earnings and increased liquidity.

"Earnings multiples will be expanded, in our view, as confidence in the Government, government-linked companies' restructuring, corporate earnings and Malaysia in general continues to build up,'' it said in a report

Source: The Star Online
URL: http://biz.thestar.com.my/news/story.asp?f...70&sec=business

if the volume & value cannot sustain at 2-3 billion average per day, market may has risk of colapse, unless foreign funds keep supporting it! Do u think they will do it forever to us, once the USD has sign of reversal to RM, they sure will pull out the money from malaysia stock market!

& again, the statistic of bank told us that the saving in the savings account & fixed deposit keep increasing & no sign of money pull out & flow into the market! This confirmed the buying interest only supported by the foreign funds & minor support by local fund & retailer!

Another good performing day!

Up 16.25 and closed at 1225.73

Market Outlook: Who is afraid of CNY correction?

On January 22, I've written about the potential of the then developing rally, which most have called the CNY rally. To wit, I've stated that the CI may rise to 1220 & peak in the second week of February. As at the end of last week, the CI is nearing the target & one would await anxiously the onset of the anticipated correction. Should we be afraid of this correction?

After further study of the CI for the past 16 years, I've noticed a fair bit of similarity between the current rally & the rally of 1993.You can see that the current rally began after a breakout of a 3-year rising wedge at the 985 level in October last year (which I've posted on earlier). The earlier 1993 bull run happened after a breakout of a 3 & 1/2-year rising wedge at the 680 level in March/April 1993.

The 1993 bull run gained 660 points or 97% to reach a high of 1340 points. If the current rally can make a similar 660-point gain, it may hit a high of 1645. On the other hand, if it gained 97%, it may hit a high of 1940. These are very ambitious targets but they are not far fetched if you have been following the economic & corporate development lately. There are a lot of exciting news or announcements include news of huge jump in foreign ownership of top blue chips, spectacular M&A activities (such as Synergy Drive), implementation of mega projects etc. All these have provided the catalyst for a very bullish case for Malaysian equity but unfortunately the retail investors have yet to be convinced. I think they will only buy into the bull case when the CI has broken into new high. Until then, these 'wise' investors would be watching the market action from the ceiling while the 'fools' are dancing on the trading floor.

Conclusion/Recommendation

At this point, it is still prudent to raise some cash since the market has had quite a sharp run-up. The amount of cash reserve to hold is entirely up to your risk appetite. An amount of 20-30% may be reasonable. In the event that the market were to take a tumble, you should add to your position again if the CI were to retrace to 1150 & below.

Extract From: Alex

This post has been edited by investmentlink: Feb 5 2007, 08:13 PM

1993 super bull run is totally different from current stage of bull run. Those had experience the 1993 bull run will tell you that current bull run is no match at that time.

Also at 1993, economy situation is way different from time being. At that time, Malaysia economy is growing at 8-10% rate so business prospect is much much better. At that time, people easily get 2-3 months bonus during year end, while wages increment is a certainty, just how much it will, job easily can get just what you want to do.
Now, economy grow is modest only (5-6%), most of the people (especially businesses) complaining business is hard to do now, blue collars people not much dare to ask for increment, job is more difficult to find, no wonder there ain't much celebrating atmosphere this few year. Also severe inflation (not as low as 3% as official number, I think most people will agree inflation rate is not just 3% as reported) has make people pocket shrink much faster.

That's why current bull run is not having the full strength as 1993.
Current bull run can be said as composite index bull run rather than whole market. Although index keep on rising everyday more than 10 points, still counter up and down is evenly match. During the super bull run, almost every counter is on the green side (up) with ratio 10 up and 1 down only.

I don't know current bull run is fueled by 'hot' money or some overseas fund start to weight and adjustment their portfolio to include Malaysia stock from none to some, but current upwards swing is little too fast for time being, a correction is due for short term for sure.

yeap in 1993 you can go to another company and have a walk-in interview...... that time many state government were pretty furious cos when people go to penang for their holidays they end up resigning their current job and work in penang.....btw cherroy do you think it will hit new peak?