MALAYSIA MARKET - END OF THE DAY

SIMULATION PORFOLIO (OCTOBER/08)
COMMENCED: OCTOBER 1, 2008					CAPITAL: 100,000						VALUE:	100,732.24
T+3 TRANSACTION
D/PUR	STOCK	QTY	PRICE	FEE	TOTAL	D/SOLD	QTY	PRICE	FEES	TOTAL	G/L	D.DATE
								TOTAL G/L			0.00
								LAST ACCUM. G/L			732.24
SHARES IN HAND												CASH
102808	IOI	2,000	2.1000	23.90	4223.90
110708	IOI	2,000	2.9400	31.46	5911.46
111108	Scomi	20,000	0.4400	44.60	8844.60
	TOTAL SHARE VALUE:				18,979.96			GRAND TOTAL G/L			732.24	81,752.28

 

Conclusion: Asian markets mostly edged higher with only Korea down by 0.02%. Japan gained 2.72%, Hong Kong 2.43% and Singapore 0.21%.

KLCI lost steam during the afternoon session and ended at 881.65 gained only 1.06 pts or 0.12%. Now its overhead resistances are 885, 889 and supports at 873, 868.

Market sentiment was weak with MSO galloped downhill for the whole session and settled -110.54. Buyers opted to sideline as global markets were volatile.

It is felt that market will be traded directionless till US market shows stabilization. Penny stocks except some news-driven counters will be quiet as the margins to take profit are very thin now.