It's an upward trend now but I have feeling that it won't sustain long ... probably will stick in the range of 1300.

This post has been edited by David83: Dec 8 2006, 07:32 AM

Rising daily living cost is not a big issue ... it has been there all the while.

Seems like the peak rush is over ... it's back to the normal up-down trend. My two cents ...

How much further they can push? It's roughly two weeks to go before you kiss goodbye to 2006.

KLCI gained 20.85 points today and settled at 1117.09. That's a lot since the previous hike!

This post has been edited by David83: Jan 3 2007, 08:16 PM

Gained 51.91 and closed at 3037.74

Today's KLCI performance is not that good.

Another down day for KLCI ...

Lost 7.13 and closed at 1106.06

KLCI up1.2%

PETALING JAYA: Renewed interest in technology-related counters sparked a broad-based surge on Bursa Malaysia, pushing the Kuala Lumpur Composite Index to finish 13.27 points, or 1.2% higher, at 1,119.33 on Friday.

The upward movement in the prices of semiconductor stocks spilled over to other technology counters and boosted trading volume.

Analysts said institutional funds were picking up technology counters such as Unisem (M) Bhd and Malaysian Pacific Industries Bhd (MPI), which had been hit by the weaker outlook forecast recently.

Chipmakers Unisem and MPI were among the stellar performers.

Unisemjumped 17 sen, or 7.83%, to an almost two-year high of RM2.34 on moderate volume of 12.6 million shares. MPI opened at RM11 and hit an intra-day high of RM11.40 - its highest price in 12 months - before closing at RM11.30.

Source: The Star Online
URL: http://biz.thestar.com.my/news/story.asp?f...09&sec=business

Why you said so? Any supporting article?

Market Commentary for last Friday KLCI performance:



Source: Bursa Malaysia website
URL: http://www.klse.com.my/website/bm/resource...ntary_0003.html

Today's KLCI review:

Malaysian shares up on strong blue chips buying

KUALA LUMPUR: Malaysia's stock market rose Monday, buoyed by strong buying interest in key blue chips.

The Kuala Lumpur Composite Index rose 0.5 percent to 1,125.32 points, but off a high of 1129.42 on mild profit-taking, dealers said.

Sentiment was lifted by recent declines in crude oil prices and firmer regional bourses, as well as further strengthening of the Malaysian ringgit which hit a fresh 9-year high of 3.5045 to the dollar on Monday, dealers said.

Among gainers, national carmaker Proton surged 5.5 percent to 6.75 ringgit in anticipation that an announcement of its new foreign partner will emerge soon.

Bursa Malaysia soared 7.1 percent at 9.75 while top bank Maybank added 1.8 percent at 11.50.

Penny stocks dominated trade as broad market gains encouraged day traders to punt, with Iris up 1.4 percent at 0.38 ringgit and Sunway Holdings rising 18.4 percent at 0.68. - AP

Source: The Star Online
URL: http://biz.thestar.com.my/news/story.asp?f...54&sec=business

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

A declined day for KLCI today ...

Settled at 1179.66 after dropped 3.38

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

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

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

Another good performing day!

Up 16.25 and closed at 1225.73

Another hiking day for KLCI ... seems like it will last till CNY.

Hiked 10.9 and settled at 1236.63