MALAYSIA MARKET - END OF THE DAY

SIMULATION PORFOLIO (SMARTBIZ)
COMMENCED: OCTOBER 1, 2008					CAPITAL: 100,000						VALUE:	102,842.85
DAILY TRANSACTION
D/PUR	STOCK	QTY	PRICE	FEE	TOTAL	D/SOLD	QTY	PRICE	FEES	TOTAL	G/L	D.DATE
112608	KNM	10,000	0.5200	29.40	5,229.40							12/4
120208	Dialog	2,000	0.8550	9.70	1,719.70							12/5
				TOTAL	6,949.10			LAST ACCUM. G/L			2,842.85
SHARES IN HAND												CASH
111108	Scomi	20,000	0.4400	48.60	8,848.60
111808	MKLand	70,000	0.1507	58.47	10,607.47
112008	KNM	50,000	0.5700	156.25	28,656.25
								TATOL		0.00
	TOTAL SHARE VALUE:				48,112.32			GRAND TOTAL G/L			2,842.85	54,730.53

 

Conclusion: Asian stock markets mostly retreated after US market’s sharp fall. Japan was down by 6.35%, Hong Kong 4.98% and Singapore 3.02%.

But KLCI was resilient and managed to climb near yesterday’s closing level after falling by 10 points. The Index ended at 845.75 lost 2.68 points. The fate of the market still depends on the movement of tonight’s US market. Its support now lies on 835 and resistance 856-860.

Despite of the sharp fall in US market, local sentiment was not heavily affected. This might due to the continuous falling in the past few days whereby number of sellers has been minimized. Total volume was also unnoticeable with only 388 mln.

Meantime, report shows U.S. futures rose and European stocks rebounded.