Archive for March, 2012

Lower on jittery sentiment

Saturday, March 31st, 2012

HONG KONG: Asian markets mostly fell yesterday amid growing concerns over the global economy after an unimpressive set of US data, while weak Japanese figures and a stronger yen weighed on Tokyo. Trade was also subdued as investors balanced their books on the last day of the quarter, which saw a rally at the start […]

FBM KLCI Hits Old High To End 1Q2012

Saturday, March 31st, 2012

Foreign investor continues to buy up FBM KLCI index and it end 1Q2012 with hits old high. Foreign investor fund already invest more than 3bil into Malaysia share market. Likely once the GE13 date had been fix the big dip will come very very fast. RM3bil foreign fund in the market also show RM3bil flow […]

Sun Hung Kai leads losses

Saturday, March 31st, 2012

SHARES closed 0.26 per cent lower, with giant Sun Hung Kai Properties leading the losses after its tycoon co-chairmen Thomas and Raymond Kwok were arrested as part of a fraud probe. The Hang Seng Index fell 53.81 points to 20,555.58 on turnover of HK$ 73.68 billion. However, the index gained 12 per cent over the […]

FBM KLCI expected better toward end of the week

Saturday, March 31st, 2012

After a weak rebound (previous KLCI outlook at here) on 7th May 2010, as expected  KLCI couldn’t break the resistance at 1.350 pt. Already 2 days backtracking toward the minor support near 1315 pt. but I expect KLCI to get better toward end of the week.  As at yesterday and morning session today, there are […]

HSBC: Pent-up inflation pressures still brewing

Saturday, March 31st, 2012

KUALA LUMPUR: The growth recovery during the second half of the year can begin to build up underlying inflationary pressures in the Malaysian economy, HSBC Bank says. “We see some upside risks to inflation emanating from robust domestic demand,” it said yesterday. High oil price concerns have risen again, although the initial impact will mostly […]

KLSE Stocks Updates as July 20, 2009

Saturday, March 31st, 2012

In view of my current KLSE bearish outlook, I am in selling mode now. Counters that supposed to correct near 38% of earlier trend can now corrected near 68% and it still within Elliot wave rules. I can’t look forward for trade with longer (several weeks) holding period because of longer term bearish outlook. It […]

Shares jump 16 points

Saturday, March 31st, 2012

THE market ended higher yesterday, with the main index clocking gains of around 14 per cent for the first quarter, with property and offshore marine stocks outperforming the broader market. The index ended the day 0.6 percent, or 16.4 points, higher at 3,010.5. Olam International gained 0.86 per cent to S$ 2.36 while Oversea-Chinese Banking […]

Increase holdings in glove sector — buying Kossan.

Saturday, March 31st, 2012

Recently, share prices of glove-companies had experienced some great fall. I had decided to take the opportunity, and already bought in 1000 unit of Kossan on Friday. . Why choose Kossan instead of Harta? Diversification. Hartalega is still my favorite glove-stock now. However, it had already made up 25% of my total portfolio value. Further […]

MAA: Worst may be over as car sales start to pick up

Saturday, March 31st, 2012

PETALING JAYA: Car sales are likely to see lower or flat growth in the first quarter, largely due to tighter lending guidelines, Malaysian Automotive Association (MAA) says. But the good news was that the worst may be over as industry car sales seem to have picked up and is likely to see growth this year, […]

KLSE : Duller weeks coming?

Saturday, March 31st, 2012

Last week, last few trading days displayed some interest in buying with the breaking of the recent high (1,231 pt) but it was not strong enough for a sustainable break away. As said in my previous blogpost, my best target for now is 1,250 pt,  not that far from the last KLCI losing (1,233 pt).  […]