MALAYSIA MARKET - END OF THE DAY

SIMULATION PORFOLIO (OCTOBER/08)
COMMENCED: OCTOBER 1, 2008					CAPITAL: 100,000						VALUE:	102,290.96
DAILY TRANSACTION
D/PUR	STOCK	QTY	PRICE	FEE	TOTAL	D/SOLD	QTY	PRICE	FEES	TOTAL	G/L	D.DATE
112008	KNM	10,000	0.6300	34.35	6,334.35							11/25
112008	MKLand	20,000	0.1500	17.50	3,017.50							11/25
112108	IOI	2,000	2.8300	31.47	5,691.47							11/26
112108	KNM	10,000	0.5750	31.88	5,781.88							11/26
112408	Zelan	10,000	0.8000	43.00	8,043.00							11/27
112408	KNM	10,000	0.5450	30.53	5,480.53							11/27
								TOTAL G/L			0.00
								LAST ACCUM. G/L			2,290.96
SHARES IN HAND												CASH
111108	Scomi	20,000	0.4400	48.60	8,848.60
111808	MKLand	30,000	0.1550	30.42	4,680.42
	TOTAL SHARE VALUE:				13,529.02			GRAND TOTAL G/L			2,290.96	88,761.94

 

Conclusion: Most Asian stock markets retreated Monday as worries about Citigroup Inc. weighed on financial shares, but pared some losses after the U.S. government unveiled a plan to rescue the troubled banking giant. Hong Kong lost 1.59% and Singapore 2.52%.

Local market closed at its lowest level with KLCI settled at 855.93 lost 11.49 points or 1.33%. Its supports are now 848 and 833, overhead resistances at 863 and 866.

MSO lay low for the whole session and market sentiment didn’t show any improvement. The falls of Asian Stocks made investors turn skeptics from optimistic. However, selling was not heavy as total volume for the day was only 472 mln.

It is anticipated that the 306 bln loan guarantee and 20 bln government assistance for Citigroup will ease US market tension and continue to plaudit on Obama’s new team. Meantime, Europe stocks and US Index Future both rally for Citigroup’s rescue.

Another release is some US analysts said that, based on economic data, US recession should have deepened at October and now on it way to build its base.