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
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
112608	KNM	20,000	0.5425	54.83	10,904.83							11/29
112608	MKLand	20,000	0.1450	16.05	2,916.05							11/29
								TOTAL G/L			0.00
				TOTAL	27,344.40			LAST ACCUM. G/L			2,290.96
SHARES IN HAND												CASH
111108	Scomi	20,000	0.4400	48.60	8,848.60
111808	MKLand	50,000	0.1530	47.92	7,697.92
112008	KNM	20,000	0.6025	66.23	12,116.23
112108	IOI	2,000	2.8300	31.47	5,691.47
	TOTAL SHARE VALUE:				34,354.22			GRAND TOTAL G/L			2,290.96	67,936.75

 

Conclusion: Though Japan down by 1.33% but other Asian stock markets mostly advanced. Hong Kong was up by 3.81% and Singapore 3.50%. Korea advanced impressively by 4.72%.

But, local market stubbornly defied the trend and traded downwards to as low as 848.03 points, today. Buying interest only emerged at the last hour and helped to trim some losses. KLCI closed at 855.43 lost 4.75 or 0.55%. Its supports are now at 848 then 845 and resistance 861.

Market sentiment was sluggish for the whole day but last 30 minutes buying reduced number of losers and narrowed down the gap. At the close, gainers were 212 and losers 275. MSO surged from -114.22 to -44.49 during that 30 minutes trading. This indicated that investors confidence, to certain extend, has returned.

Meantime, European stocks fell for the first time in three days and U.S. index futures declined on concern recessions around the world are deepening.