Please be informed that your query has been refer to the appropriate authority for further action,I believe that a reply will be forthcoming in due course from DeVils the forumer from Bursa.

Bursa going to take the views from retailers from this forum ? Serious, kah ?

Since when ?

Sorry, do not mean to flame you.

4.45 it starts...that means 4.40 until 4.44 fund manager push up the price la hehe

DJIA closed the day with:

12,381.02 +96.72 +0.79%

There is no direct benefit for everyone, just to avoid last minute manipulation as we had seen many many times, KLCI suddenly shoot up 5-6 points in last minute. It is just for the closing price more accurate reflecting the situation.

Sometimes a stock for the whole day trade at 10.00 then last minute with 1 lot done (due to no seller queueing) then the 1 lot done at 10.30 which eventually the closing price become 10.30 and index being calculated with 30 cents rise.
If one didn't monitor the market one, simply look at newspaper reporting, you will think: oh, great my stock up 30 cents today, in fact, it is just because of 1 lot being done.
Or someone didn't monitor the market one, then see the closing price is 10.30, then next day, straight away call the remiser to buy at 10.30, in fact, it falls back to 10.00 or 10.10 next day then person is being 'cheated' by the closing price already.

This situation particular pronounce on some low liquuidity stocks even on some blue chips stocks like Petgas, BAT etc whereby there is not many queue between sellers and buyers also.

This post has been edited by cherroy: Feb 23 2008, 09:02 AM

now I get it. Thanks for explanation Cherroy.

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Added on February 23, 2008, 9:05 amhei........Lyn forummers' stockholdings is some percentage of whole Bursa , yunno

This post has been edited by sharesa: Feb 23 2008, 09:05 AM

Sometimes it has to be fair to everyone because share market is an equal playing field.

There is a stock called Pharma then went up about 70sen with only 1 lot done, and then suspended. Did Bursa not aware of the manipulation going on ? Did they send out any query so far ?

Someone said the minorities have to buy back UEM world co shares at a premium, is it fair also ? afterall, share price had oledi pushed up by 70sen in first place.

The damages from unseen hands and "deemed" acceptable practices are far more damaging. than a last 10 minutes action.

Share prices of listed stocks in Bursa oledi starting to come down, even if regional and us markets are doing all right.

Sorry, do not intend to flame you, just speaking out for the silent minorities.

This post has been edited by SKY 1809: Feb 23 2008, 10:02 AM

Yes, good for beginners to know. I used to fall into that trap before too. After pay 'tuition' fees, then learn lah.

Yup, minorities shareholders most of the time being 'bullied' one.

For long term investment, that's why old timers in the market often/mostly advise people to avoid political linked stocks if can and choose those sincerely looking after the minorities shareholders one. <-- a generous dividend (as much as they could based on profit) can be seen as one of the way looking after the minorities shareholders. This is why one of the reasons I bought Reit as well, as Reit needs to distribute at least 90% of their profit to the shareholders. There are some good stocks that also giving out as much as they could.

Regarding the UEM issue, still can't find a logical answer for UEMworld to offer their shareholders to buy at 15% premium. If one is the shareholder of the company, and the company owning the shares, isn't it indirectly one own those shares? shouldn't being giving out porportional to their shareholder? Instead it is now shareholders need to fork out money (some more expensive than market price) to buy those shares rather than being given.

This post has been edited by cherroy: Feb 23 2008, 11:21 AM

DJIA closed at +96.72 (0.79%), hopefully monday got technical rebound after the heavy slump in these few days.

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Added on February 23, 2008, 10:52 amhttp://biz.yahoo.com/ap/080222/the_week_ahead.html?.v=2, In US, you can know what companies going to announce their financial report, why not here ?

Or I can get it from somewhere. Anyone to share pls ?

This post has been edited by alivecmh: Feb 23 2008, 10:52 AM

Foreign-led selling drags down KLCI

PETALING JAYA: The KL Composite Index (KLCI) lost more than 25 points yesterday, falling to 1,369.48 at the close, its lowest level in a month.

The benchmark index rebounded from a day's low of 1,354.71 but was "mirroring" the trading movement on Jan 22, when there was a market sell-off, TA Securities technical analyst Stephen Soo told StarBiz.

On Jan 22, the KLCI closed at 1,354.48 points.

According to KL-based fund managers, the market saw foreign-led selling that dragged down heavyweights Sime Darby Bhd, MISC Bhd, IOI Corp Bhd, Tenaga Nasional Bhd and MMC Corp Bhd, among others.

Gamuda Bhd, the country's second largest construction player, saw its shares fall for a second consecutive day, down 28 sen, or 6.67%, to RM3.92.

On Thursday, Gamuda founder Datuk Lin Yun Ling cut his stake in the company to 1.7% from 5.2%, causing a 15.67% daily drop in the counter.

This comes as regional property stocks also tumbled yesterday.

Construction counters IJM Corp Bhd and MMC fell three sen, or 3.97%, to RM7.25 and 26 sen, or 6.4%, to RM3.80 respectively.

Soo said: "For the next two weeks the market should be range-bound between 1,340 and 1,400 points.

"However, it depends on regional markets. If they rebound and trigger a rally, there is a possibility of the KLCI breaching the 1,400-point level in the next two weeks."

In the near term, Soo expects the index to range from 1,350 to 1,380 points.

The 1,340-point level was a very strong support level as it was a triple-bottom reached in intra-day trading in October, November and January, he added.

According to fund managers, another reason for foreign selling yesterday was the expectation for further rate cuts by the US Federal Reserve which would make borrowing costs in Malaysia less attractive compared with the United States.

Morgan Stanley Research, Asia/Pacific in a Jan 29 report said it expected Bank Negara to "keep rates on hold".

"However, if the growth slowdown surprises on the downside, we believe the central bank will tilt towards addressing growth concerns and the risk with regard to policy direction are skewed towards easing, particularly given that the Fed is likely to bring the target rate down further than we previously expected to 2.5%," the report said.

Regional markets were down yesterday on US recession fears as the Dow Jones Industrial Average fell more than 140 points in overnight trading to 12,284 due to weak manufacturing report from the Philadelphia Federal Reserve Bank.

Bloomberg reported that the Federal Reserve Bank of Philadelphia's general economic index fell more than forecast this month to -24, showing the margin by which more firms reported a decrease in activity instead of an increase.

Meanwhile, despite talk of foreign selling, the ringgit closed at a new high of 3.21 against the US dollar as Asian currencies rose on speculation that central banks in the region would allow currency advances to curb inflation.

The ringgit yesterday weakened against the euro and pound sterling at 2.7709/7742 and 6.3256/3311 respectively.

URL: http://biz.thestar.com.my/news/story.asp?f...83&sec=business

If FF sell our blue chips, it is not just simply because of UEM as political connected stock or gamuda's director selling shares.

These are just on the surface " stories ". You need to understand why FF want to pull out of Malaysia at this moment . Figure out for yourself.

Stocktube is a good place to know something.

This post has been edited by SKY 1809: Feb 23 2008, 07:44 PM

There is question that need to ask here:

Why there is new call warrant named as CHMOBIL-CA and CHMOBIL-CB?
I tot all foreign call warrants ended as 1,2,3... And local call warrants ended with A,B,C..
But now seem the situation is reversed..

Gamuda still dropping huhhhh

come on....go up somemore SCOMI...h.ehehe

I think scomi will not move much. Same goes to Sapcres. Just have to see how, after election.

hahhaha......with the current market condition....just wait n be patient lo....just to cheer myself up hhehehehe. If it doesn't drop much, already a blessing

Hey Guys,

Would like to know which Online Stock is better? Maybank? RHB or?

Which one should I sign up for

Thank You!

gamuda may hv heavy selldown frm foreign tranche la....MD wanna leave in 18mths maybe sooner...i guess may b due to MMC-Gamuda project..got strong objection frm malay contractors chamber wan 30% of the deal

i use zoomFinance

www.zoomfinance.com

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Added on February 25, 2008, 10:42 amwhat happen to gamuda, dropping 40cents now.



This post has been edited by Suk: Feb 25 2008, 10:42 AM