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	32.46	5912.46
111108	Scomi	20,000	0.4400	48.60	8848.60
	TOTAL SHARE VALUE:				18,984.96			GRAND TOTAL G/L			732.24	81,747.28

 

Conclusion: Asian markets mostly down only slightly though both Japan and Hong Kong have declared their first recession quarters. Japan edged up 0.71%, but Hong Kong down 0.10% and Singapore 0.54%.

KLCI lingering up and down for the whole session and last minute buying pushed the Index to 884.06 gained 2.41 pts or 0.27%. After falling below its 5-Day Average, the Index is expected to trade sideway with downwards bias. Its supports now fall on 873 then 868. Overhead resistances will be 886, 894.

Today’s market sentiment followed its Asian peers and was sluggish. MSO galloped downhill all the way to its low at -261.32. Only some last minute buying that pushed it higher to settle at -141.06.

Market is still not suitable for trade as risk has become higher and gain will be thin.