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Bursa Malaysia; The Stock Market Is HOT!
Topic Started: Feb 9 2007, 12:43 PM (2,375 Views)
ykkiong
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QUaLITY SINsIE
Luckily throw all mine investment 2 week ago. Few days later morket drop like cirit birit.
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TunYau
SUpER ELiTE SINsIE
24-01-2008: Asian markets extend rally

Down Jones up 300 point yesterday

Asian markets extended their rally for the second day on Jan 24, boosted by the strong overnight close on Wall Street as investors turned positive, optimistic about the US government plan to throw a lifeline to ailing bond insurers.

Bursa Malaysia, which was closed on Jan 23, played catch up with the regional peers. At 10am, the KLCI had surged 37 points to 1,391.52, off its early high of 1,409.93.

Singapore’s Straits Times Index rose 2.86% to 3,068.89, the Nikkei 225 added 1.44% to 13,013.92 and South Korea’s Kospi 1.81% up to 1,657.87.

Hong Kong’s Hang Seng Index opened 1.27% higher but investors were quick to take profit, sending the index down 0.72% or 172.29 points to 23,917.88.

Ramunia jumped 24 sen to RM1.45 after the reverse takeover from MISC via the injection of its fabrication yard. Ramunia-WA added 27 sen to RM1.01.

Bursa rose 70 sen to RM13.60, Sime and Maybank jumped 50 sen each to RM11.70, Parkson added 40 sen to RM7.70. Public Bank-foreign gained 40 sen to RM11.20.

However, Signature put up a dismal performance on its first day of trading, falling 19 sen to RM1.06. It opened at RM1.26, just one sen above its offer price of RM1.25.

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alam
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alam
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Market becomes unstable now. Fluctuates like riding a roller coaster. A bit scary.
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TunYau
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alam
Jan 25 2008, 08:25 AM
Market becomes unstable now. Fluctuates like riding a roller coaster. A bit scary.

All sign showing economic downturn. US had take step to make the down turn slow or try to move it up again. Just see how it go.
In Malaysia probably it wont go down so fast till after Election.
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TunYau
SUpER ELiTE SINsIE
[size=7]Asian Stocks Fall on Recession Concerns; Mitsubishi UFJ Drops [/size]


Nikkei Down 500 point now
Hang Seng down 1200 poiny now
Singapore down 142 point now
Malaysia down 21 point now
By Chen Shiyin

Jan. 28 (Bloomberg) -- Asian stocks fell, with the region's benchmark set for its biggest monthly decline since September 2001, on concern the world's two largest economies are slowing.

Mitsubishi UFJ Financial Group Inc. led Japanese banks lower after Goldman, Sachs & Co. said the nation is probably in a recession. Komatsu Ltd., Japan's largest maker of construction machinery, slid after CLSA Ltd. cut its rating. Datang International Power Generation Co. plunged after China's worst snowstorms in decades disrupted travel and cut energy supplies.

``The U.S. is either also close to a recession or already in it,'' Hans Goetti, chief investment officer of LGT Bank in Liechtenstein AG, which manages $10 billion, said in an interview with Bloomberg Television. ``Uncertainty is high and we have a strategy of selling into strength in the next few months.''

The MSCI Asia Pacific Index dropped 3 percent to 141.57 as of 2:40 p.m. in Tokyo, snapping a three-day, 10 percent rally. The benchmark has lost 10 percent so far this year and volatility today jumped to 61, the highest since October 1998, according to Bloomberg data. About nine stocks retreated for each that rose.

The CSI 300 Index slumped 6.2 percent in China, the least favored market by the region's funds, according to Citigroup Inc. Japan's Nikkei 225 Stock Average lost 3 percent to 13,215.80. Benchmarks in other markets open for trading retreated. Australia is closed for a holiday.

Hong Kong's Hang Seng Index tumbled 4.7 percent. Yue Yuen Industrial (Holdings) Ltd., the world's largest maker of sports shoes for brands such as Nike Inc., slumped to a three-month low.

Banks Decline

Mitsubishi UFJ, Japan's largest publicly traded bank, slid 5.1 percent to 987 yen. Sumitomo Mitsui Financial Group Inc., the second-biggest, dropped 5 percent to 802,000 yen.

Japan's economy probably entered a recession amid ``a slump in domestic demand,'' Tetsufumi Yamakawa, Goldman Sachs chief Japan economist, said in a report today.

A U.S. government report due on Jan. 30 is expected to show growth slowed to a 1.2 percent annual rate from October to December, a quarter of the previous three months' pace, according to the median estimate of economists in a Bloomberg News survey.

Kookmin Bank, South Korea's largest, fell 2.4 percent to 60,900 won. HSBC Holdings Plc, Europe's No. 1 bank by market value, slipped 2.8 percent to HK$117.10 in Hong Kong.

``The outlook for shares is still in doubt as there are a number of fronts that could potentially deteriorate,'' said Masatoshi Sato, a strategist at Mizuho Investors Securities Co. in Tokyo. ``Bank earnings may show more losses, but the end still isn't in sight.''

Ratings Cut

Komatsu dropped 6.5 percent to 2,455 yen. The shares were cut to ``underperform'' from ``buy'' by Takeaki Ueno, an analyst at CLSA.

Hitachi Construction Machinery Co. plunged 12 percent to 2,670 yen. CLSA also lowered its recommendation on shares of the world's biggest maker of giant excavators to ``underperform'' from ``outperform,'' while Nomura Securities Co. cut its rating to ``neutral'' from ``buy.''

Datang Power plunged 9.4 percent to 17.51 yuan, poised for its lowest close since Dec. 25. China shut 5 percent of the country's coal-fired power plants after snowstorms delayed fuel deliveries, making it ``difficult'' to stabilize energy supplies, the National Development and Reform Commission said today. The problem may persist in some regions throughout the year, the country's top planning agency said.

In South Korea, Daewoo Engineering & Construction Co. slipped 3.5 percent to 18,200 won after Korea Investment & Securities Co. cut its six-month price estimate for the nation's largest builder by 24 percent.

To contact the reporter on this story: Chen Shiyin in Singapore at
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alvin
S i n S i e B a b e
wow it is dropping fast :sweat
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clement
SINsIE
brusa stopped trading for one hour at 3pm. Dropped 130 points :sweat . Reopened at 4pm
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punisher
QUaLITY SINsIE
got a strong wind...just get out now...
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ykkiong
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QUaLITY SINsIE
GLC share cirit birit.
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seizai
UnWorthY MemBeR
watch n waiting <_<
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alam
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alam
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I don;t see any chance of rebounce since it has shed so badly. Not only election effect. All burses are the same.
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Faizal_Ali
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Pak Guard
If you're a player, it's time to going in. :thumbup
If you invest with unit trust before, it's time to Ringgit cost averaging and it's a long term investment. No need to worry. Our track record with Public Mutual, you put your money more than 3 years, average return, at least 8% a year.
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alam
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alam
Moderator
Yeah, may be. But the political issues have to be resolved. Food pirices are going up. That's another threat.
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TunYau
SUpER ELiTE SINsIE
Is time to start monitoring share for investment or gambling.

Market outlook will remain at this level or going down as current
data show that is should be going down in slower momentum.

For newbies who want a less risk you can start a list of share with proven track record and high divident payout and share price below RM1.
Monitor the share price by comparing with the historical price.
buy when you think is cheap and the volume is not so active for long term investment


For Gambler you can try monitor those penny mesdaq stock such as Patimas, & Gpro. Is only few cent stock.
Patimas maybe the right choice as it seems that somebody is accumulating the share. I might be wrong.

Feel free to drop your opinion here so we had more clue and idea about share market.
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ongkh
Global Forum
Moderator
TunYau
Jan 25 2008, 09:08 AM
alam,Jan 25 2008
08:25 AM
Market becomes unstable now. Fluctuates like riding a roller coaster. A bit scary.

All sign showing economic downturn. US had take step to make the down turn slow or try to move it up again. Just see how it go.
In Malaysia probably it wont go down so fast till after Election.
the recent share market dropped like space ship.......... :deem :deem :deem
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TunYau
SUpER ELiTE SINsIE
Buy IOI Corp, Asiatic, Kwantas alla this plantation stock keep for 1 or 2 year u will get ur return
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ongkh
Global Forum
Moderator
heard that uob bank has offer a pkg for a 10 yrs plan for retirement.
a fren roughly told me that :--
invest 10k, bank will gv interest of 8% for 7k.
remaining 3k falls in norm fd rate.

this offer is valid for 3 mth.
anyone heard abt this b4 ??
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ongkh
Global Forum
Moderator
the bank gv me wrong info...... actually the story as :-

heard that uob bank has offer a pkg for a 10 yrs plan for retirement.
a fren roughly told me that :--

invest 10k for 10yrs, bank will gv interest of 8% for 6k.
remaining 4k falls into norm saving rate.

this offer is valid for 10, 15, 20 or 25 yrs.
anyone heard abt this b4 ??
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eri
MEmBER
The average will be abt~~ 6 %
any string attach...... how abt early withdrawal.....?

just curious :wacko :wacko no S$$
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ongkh
Global Forum
Moderator
how was the share market performed recently ??
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seizai
UnWorthY MemBeR
normally which website u guys used for share deals?
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ongkh
Global Forum
Moderator
the recent share markets hv shown a +ve impact on the overall pkg........
good sign to show as the market recover slowly.......
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TunYau
SUpER ELiTE SINsIE
I still see this as political windows dressing wont be long.

Grab genting resort again if if retreat down below RM4 for genting
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ongkh
Global Forum
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govt said temp economy recovery doesn't mean a very good impact.
it still need a min 1-2 yrs for a full recovery....
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