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Friday, November 28, 2008

Malaysia Market - Mid-Day Comments

12:30 Asian markets were mixed with Japan up by 1.48%, Hong Kong 2.22% but Singapore down 0.77%.

Local market traded with no confidence due to week end and US was a holiday yesterday. KLCI was down by 6.52 points or 0.75% and ended at 863.46. The Index was mainly dragged by Genting and Resort which both announced losses for the previous quarters.

MSO fell from the opening bell and settled at -145.47.

The same scenario will continue this afternoon with possible last minute buying towards closing.

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