English please!

At 3:40PM : 13,206.95 -5.04 (-0.04%) (from Yahoo UK)
At 3:43PM : 13,192.80 -19.19 (-0.15%)
At 3:46PM : 13,167.36 -44.63 (-0.34%)

This post has been edited by David83: Aug 1 2007, 10:47 PM

Dow Jones is currently at green colour: At 4:20PM : 13,224.02 +12.03 (+0.09%)

I use Yahoo! UK.

Just said it's at green region and now turn to red.

At 4:24PM : 13,198.74 13.25 (0.10%)

You guys should quote the time as well. Make it more real time.

At 4:32PM : 13,189.47 -22.52 (-0.17%)

Crossed back to green:

At 4:34PM : 13,215.81 +3.82 (+0.03%)
At 4:35PM : 13,222.96 +10.97 (+0.08%)

This post has been edited by David83: Aug 1 2007, 11:36 PM

Dow Jones starts the day with

At 2:30PM : 13,354.81 -7.56 (-0.06%)

Well, it's climbing now and in the GREEN region.

13,398.06 +35.69 (+0.27%)

Investors face uneasy times:- Effects of US subprime loans issue a worry

PETALING JAYA: Investors will probably have to live with volatility in the coming weeks, given the worries over the ripple effect of defaults in US subprime loans and possibly more unwinding of yen carry trades.

The KL Composite Index started on a strong note yesterday but slumped into negative territory later, hitting an intra-day low of 1,323 points, 15 points lower than the previous day's close.

The benchmark index finished at a three-month low of 1,333 points, down 6.2 points.

Among regional bourses, Japan's Nikkei 225 Index gained 113 points to 16,984, Hong Kong's Hang Seng Index fell 12 points to 22,443, and Singapore's Straits Times Index inched up 3.75 points to 3,435.

K&N Kenanga Asset Management Sdn Bhd chief investment officer Chen Fan Fai is awaiting bargain-hunting opportunities on current share price weakness.

"The fundamentals of Bursa Malaysia, such as the visibility of corporate earnings, are still intact," Chen told StarBiz.

But, he also warned of the high volatility in the stock markets that made short-term investments difficult.

Investors monitoring stock prices in Kuala Lumpur yesterday. - Reuters
"It is a globalised world now. External factors, like more hedge funds reporting losses, would make the equity markets more volatile," he said.

When foreign fund managers' risk appetite dropped, Chen said, emerging markets, including Malaysia, would likely undergo heavy selling.

"The sentiment now will be more driven by risk appetite and the flow of funds," he noted.

Philip Capital Management chief investment officer Ang Kok Heng concurred that fundamental factors, including the global economic health, remained positive.

"The current correction is actually an opportunity for investors who missed the boat earlier," Ang said.

To him, the impact of the US subprime loans was not significant enough to rock the American banking system and slow down its economy.

"The subprime loans only account for 4% of bank borrowings in the US," he added.

Ang said he was currently re-jigging his investment portfolios. He liked sectors like oil and gas and construction, and also water-related industries and high-end property developers.

The fear over US subprime loans resurfaced when Bear Stearns Cos, the manager of two hedge funds that collapsed last month, stopped investors from withdrawing money out of a third fund as losses in the credit markets expanded.

In addition, there are concerns that Bank of Japan may revise interest rates upwards, given that economic data is pointing to a firm recovery in the world's second largest economy.

The Japanese jobless rate dropped to a nine-year low of 3.7% in June.

"An increase in Japan's interest rate would trigger unwinding of yen carry trades again," said SJ Securities research head Cheah King Yoong.

Institutional investors, who borrow Japanese loans to invest elsewhere (which is known as yen carry trades), will have to unload their investments if the cost of borrowing in Japan rises.

URL: http://biz.thestar.com.my/news/story.asp?f...95&sec=business

Choppy stock trade likely in near term

PETALING JAYA: Bursa Malaysia is set for some choppy trading in the immediate future but chief executive officer Datuk Yusli Mohd Yusof expects the local bourse to perform well once global markets stabilise.

"Fundamentals are still intact but the global markets are looking choppy. That should set the direction for the immediate future. If global markets stabilise, our market should do quite well this year," he told StarBiz.

Yusli observed that overseas traders and analysts seemed unclear over which direction they should take, adding that this situation could prevail over the next few weeks.

"Investors have to decide on their investment strategy.

"This is a great market for trading if people can read it properly. If they are in for the long term, they must buy stocks based on fundamentals. They should speak to their brokers for the right advice," he said.Moreover, investors should understand which sectors would be affected by the US subprime problem. "It looks like a herd mentality at the moment and that is characteristic of many markets. We should look into which Malaysian companies could be affected by this problem," Yusli said.

He said the assumption was that the US subprime problem (which wiped out US$2.1 trillion from global share values last week) could cause the US economy to fall but there was now data indicating the impact would be not be so severe.

He said traders and analysts were "reacting to every bit of news nowadays", attributing this partly to the information age.

"People sometimes overreact. In the past, they analysed more before they jumped in.

"Overall, the outlook for the Malaysian market is good for the rest of the year and the results of companies over the next six to 12 months are likely to be good," Yusli said.

In reply to a StarBiz query on subprime lending, CIMB group treasurer Lee Kok Kwan said the group had "no exposure to subprime mortgages and related risks and assets of this nature," while a Maybank spokesman said the bank did not have any exposure to such mortgages.

The RHB banking group also said it had no exposure to US subprime lending.

Prudential Assurance Malaysia CEO Tan Kar Hor said: "We have no exposure to investments in the US subprime mortgage market and our business is not affected in any way."

URL: http://biz.thestar.com.my/news/story.asp?f...97&sec=business

Dow Jones starts the day with

At 2:30PM : 13,185.89 +3.98 (+0.03%) from Yahoo! UK

Starts at 9.30pm. I'm not sure its ending time since I won't monitor till that extend.

It's already in RED zone:

At 2:51PM : 13,177.03 -4.88 (-0.04%)

Not that consistent. Now is

At 2:56PM : 13,220.68 +38.77 (+0.29%)

Stocks Tumble amid Subprime Turmoil [at BusinessWeek Online]

URL: http://www.businessweek.com/investor/conte...paign_id=yhoouk

DJIA starts the day with

At 2:35PM : 13,387.89 -80.89 (-0.60%)

It's very volatile nowadays. It's better not to enter at this rate. The inconsistency of DJIA is unpredictable.

DJIA closed the day with:

On Aug 7: 13,504.30 +35.52 (+0.26%)

DJIA starts the day with:

At 2:30PM : 13,500.32 -3.98 (-0.03%)

DJIA is already in RED region now:

At 2:41PM : 13,480.48 -177.38 (-1.31%)