Thursday, June 29, 2006

WINDOW DRESSING ACTIVITI


For today 29/06/06 Kuala Lumpur shares close firmer on technical rebound, window dressing. Share prices closed higher on a continuing
technical rebound and mid-year window-dressing activities by fund managers,
dealers said.
Despite the market holding firm at the current level, the underlying
trend of the main index is still downwards, they added.
The Kuala Lumpur Composite Index (KLCI) closed up 3.64 points or 0.40 pct
at 910.54. The second board index gained 0.47 points or 0.51 pct to 93.02.
Trading volume was 605.98 mln shares valued at 868.47 mln rgt.
Gainers beat losers 467 to 220, with 294 stocks unchanged and 331 stocks
untraded.
At the close, the ringgit was quoted at 3.6845/6870 to the dollar.
A technical analyst with a local brokerage said the market is still in a
consolidation mode, but noted that index's rebound in the past few days can
technically be considered a "good bounce".
"Nevertheless, it is still too early ... to tell if the main index has
reversed from its underlying downtrend, despite the index rebounding some 30
points in the past few weeks," he added.
He said that to reverse the current downtrend, the index may need support
from fresh news leads.
For the time being, the market is expected to be very quiet, with
investors focusing on US Federal Reserve chairman Ben Bernanke's speech
tonight, especially regarding the direction of US interest rate policy, he
added
"Hopefully, by the first week of July, we can have clearer signals from
the market," another dealer said.
Blue chips generally closed higher, with Maybank gaining 0.20 rgt to 10.
70 on volume of 1.64 mln shares and Telekom Malaysia was up 0.10 rgt at 9.00
on volume of 1.78 mln share.
Genting was up 0.10 rgt at 23.80 and Resorts gained 0.40 rgt to 11.60.
Tanjong was up 0.10 rgt at 13.40 on volume of 1.74 mln shares, while Tenaga
was steady at 9.20 rgt on volume of 4.81 mln shares.
UDA Holdings was sharply higher on its proposed 3 rgt per share capital
repayment exercise, with the stock gaining 0.54 rgt to 2.84 on volume of 7.10
mln shares. Its major shareholder, Malaysian Resources Corp was one of the
most actively traded stocks, rising 0.005 rgt to 0.77 on volume of 17.06 mln
shares.

For, we expect the market to continued trade higher...KLOFF target at 915 point...
then we will predict some profit taking later at the day...

For CPO market, Crude palm oil futures prices on Bursa Malaysia
Derivatives closed higher today on short-covering and technical buying, a deale
said.
He said sellers changed positions and were buying the local commodity
as the prices adjusted in line with the firmer soyaoil prices on the Chicago
Board of Trade.
The market is expected to trade within the RM1,460-RM1,500 range tomorrow,
he said.
At the close, July 2006 rose RM5 to RM1,423 and August 2006 was RM6
higher at RM1,452. September 2006 and October 2006 recorded an increase of
RM10 each to settle at RM1,477 per tonne and RM1,491 per tonne respectively.
Volume rose to 9,770 lots from 8,619 lots yesterday while open interests
appreciated to 44,250 contracts compared with 43,185 contracts previously.
On the physical market, July South remained at RM1,430 per tonne.
Crude palm kernel oil futures were not traded.

Regard

Anthony Wong

market side way




Kuala Lumpur shares close easier on interest rate, oil price worries Share prices closed slightly weaker, with concerns over rising oil prices and US interest rates weighing down sentiment
and driving many investors to the sidelines, dealers said.
They said the market is expected to trade in a tight range for the rest
of the week.
The Kuala Lumpur Composite Index (KLCI) closed down 0.86 points or 0.09
pct at 906.90.
The Second Board index lost 0.56 points or 0.60 pct to 92.55.
Total trading volume was 449.31 mln shares valued at 668.71 mln rgt.
Losers outnumbered gainers 373 to 272, with 311 counters unchanged and 356 stocks untraded.
At the close, the ringgit was quoted at 3.6890/6940 to the dollar.
Cheah King Yoong, acting head of research at SJ Securities said that he
expects the market to continue trading sideways in the near term, with
support seen at 890 points and resistance at 912.
"The market was pretty quiet, most of the retail investors and fund
managers were staying on the sidelines, waiting for news on the US interest
rates' direction," he said.
The US FOMC is widely expected to raise the key Fed rate by a quarter of
a point this week, but dealers said the market is more concerned about hints
at further rate hikes going forward.
Among blue chips, Tenaga closed up 0.05 rgt at 9.20 on volume of 2.07 mln
shares, Telekom Malaysia was down 0.05 rgt at 8.90 on 1.18 mln shares, and
Maybank down 0.10 rgt at 10.50 on 2.15 mln shares.
Genting gained 0.50 rgt to 23.90 on 590,800 shares, British American
Tobacco added 0.50 rgt to 39.75.
Malaysian Resources Corp (MRCB) gained on speculation that the company
would announce a move to acquire UDA Holdings shares. At the close, the stock
was up 0.005 rgt at 0.765 on 12.48 mln shares.
Iris Corp was the most actively traded stock, up 0.02 rgt at 1.18 on
volume of 57.76 mln shares.
ECM Libra Avenue was down 0.21 rgt at 0.79 on 7.59 mln shares.

For tomorow, we expect the market to trade side way with KLOFF flucturated between
895 point to 9o3 point...

For CPO we continued to expect down side in near future...target point 1450 ...

Regard

Anthony Wong

Wednesday, June 28, 2006

mid day preview

Hi, for today afternoon 28/6/06 Kuala Lumpur shares end morning lower on rate, oil price concerns Share prices finished the morning lower as
concerns over interest rates continued to weigh on market sentiment, dealers
said.
As there are no major domestic news leads to support the market,
investors are focusing on the prospects for US interest rates, as oil prices
rose above 72 usd a barrel in Asian trade today, they added.
The Kuala Lumpur Composite Index (KLCI) ended the morning down 2.26
points or 0.25 pct at 905.50.
The second board index lost 0.6 points or 0.64 pct to 92.51.
Volume was 187.07 mln shares valued at 249.22 mln rgt.
Losers beat gainers 361 to 141, with 262 stocks unchanged and 548
untraded.
At midday, the ringgit was quoted at 3.6850/6870 to the US dollar.
"Sentiment remains poor -- in this kind of market, whenever the index
tries to edge up, the selling pressure sets in. We expect the market to trade
in a very tight range in the near term," a dealer at a local brokerage said.
He added that even interest in second and lower liners is very
selective.
Investors are selectively buying stocks, such as companies with new
contracts or those likely to benefit from the Ninth Malaysia Plan, he said.
Among blue chips, Tenaga was flat at 9.15 rgt on volume of 380,100
shares, Telekom Malaysia was steady at 8.95 rgt on volume of 216,500 shares,
while Maybank was down 0.10 rgt at 10.50 on volume of 303,900 shares.
Malaysian Resources Corp (MRCB) turned lower, falling 0.01 rgt to 0.75 on
volume of 8.52 mln shares. It had earlier gained on speculation that the
company would announce a move to acquire UDA Holdings shares, after UDA asked
the exchange to suspend its shares yesterday.
Iris Corp was the most actively traded stock, losing 0.01 rgt to 1.15 on
volume of 15.36 mln shares.
New listing Rimbunan Sawit was up 0.10 rgt at 1.10 rgt on volume of 8.88
mln shares, compared with its initial public offering price of 1.00 rgt.
ECM Libra Avenue was down 0.195 rgt at 0.805 on volume of 5.39 mln
shares. ECM Libra Avenue has assumed the listing status of Avenue Capital
Resources, with a reference price of 1.00 rgt.

For KLOFF we may see some rebound in late afternoon...can buy at 897.5
target 904.5 ...

CPO market will continued going down in the afternoon... target 1450...

Regard

Anthony Wong

Tuesday, June 27, 2006

Market to face pofit taking

Hallo, For today 27/6/06 Kuala Lumpur shares close firmer on institutional bargain-hunting - Share prices closed slightly higher, with cash-rich institutional investors entering the market to hunt for bargains following recent declines, dealers said.
The stocks gained further momentum in afternoon trade after the morning
session finished firmer on speculation that the price upswing could go much
further on technical factors, they said.
With the ringgit trading firmer later in the session, there could have
been some foreign inflows to the market as well, they added.
The Kuala Lumpur Composite Index (KLCI) closed up 3.25 points or 0.36 pct
at 907.76.
The second board index was up 0.41 points or 0.44 pct at 93.11.
Total market volume was 467.09 mln shares valued at 714.56 mln rgt.
Gainers outnumbered losers 419 to 243, with 292 counters unchanged and
360 stocks untraded.
At the close, the ringgit was quoted at 3.6855/6905 to the dollar,
against 3.6875/6900 at the morning close, and from 3.6890/6940 yesterday.
Dealers said they noticed some major insurance companies entering the
market for bargain-hunting, and from the ringgit's movements -- strengthening
in the afternoon session -- they suspect there had been some light buying
from the foreign funds as well.
However, they added that until the World Cup, which has provided a major
distraction to market speculators since the event's opening, is over, the
market is expected to continue trading sideways going forward.
"With the upside capped at 915 points and the downside (limited) at 880
points, we should see limited gains for the main index. That's why most
investors have chosen to wait on the sidelines for the time being," a dealer
with a local brokerage said.
She also said that the anticipated US interest rate hike at the Federal
Open Market Committee (FOMC)'s meeting on June 28 is already a "foregone
conclusion."

"If the Federal Reserve chooses to keep the rates at status quo, the
market is expected to react even more negatively, as it would read that as a
signal that the US economy is not holding up well," she added.
Among blue chips, Tenaga closed flat at 9.15 rgt on volume of 2.79 mln
shares, TM was down 0.05 rgt at 8.95 on 2.14 mln shares, while Maybank was
steady at 10.60 rgt on 2.15 mln shares.
British American Tobacco was up 0.75 rgt at 39.25, Genting up 0.20 rgt at
23.40, Tanjong Plc up 0.20 at 13.40 and Transmile up 0.20 rgt at 12.90.
Rashid Hussain Bhd edged higher by 0.05 rgt to 1.14 on 17.38 mln shares,
while RHB Capital gained 0.09 rgt to 2.79 on 6.6 mln shares.
Polytower was the most actively traded stock, rising 0.045 rgt to close
at 1.03 on 32.51 mln shares.
Iris Corp firmed 0.01 rgt to 1.16 on 25.24 mln shares.

For tomorrow, we may see some profit taking activity taking place, KLOFF may trade low to 890 point...

For CPO market, we are still negative about the market as for today closing lower to 1463...target price 1445...


Regard

Anthony Wong Pau Yean
012-3116806

Market not good


Hai every one,

For today share market preview,share prices closed lower on 26/6/2006 in thin trade on some
profit-taking, with sentiment still generally weighed down by fears that
rising interest rates would slow global economic growth, dealers said.
The Kuala Lumpur Composite Index (KLCI) closed down 1.83 points or 0.20
pct at 904.51.
Bursa Malaysia said it encountered some technical problems in the course
of today's trade following the launch of six FTSE indices on the exchange,
explaining the delay in the release of the trading outcome.

Losers outnumbered gainers 412 to 257, with 287 counters unchanged.
Volume was at 524.477 mln shares.
At the close, the ringgit was quoted at 3.6890/6940 to the dollar.

Kenny Yee, head of research at OSK Securities, said while there were no
major sell orders in the market today, sentiment was largely influenced by
external factors, such as the widespread fear of the impact of impending
interest rate hikes in the US on global economies.
The Federal Open Market Committee (FOMC) is due to meet on Wednesday, and
it is widely anticipated that the outcome of the meeting will be a 25-basis
point increase in the Fed Fund rates.
Yee said that although the market had factored in a potential 25-basis
point rate hike by the US by the end of the month, concerns about a
continuing rate hike cycle remain.
"Going forward, I think the market will continue to trade in tight range,
" he added.
Meanwhile, a local brokerage dealer said the launch of the new FTSE
indices is not expected to provide any support to sentiment at the moment.
"We don't foresee the launch of the new FTSE indices to have an immediate
positive effect on invesors' sentiment. In fact many retail investors were
not aware of the FTSE indices launch," the dealer said.
Among blue chips, Tenaga, Telekom Malaysia, and Maybank were flat at 9.15
rgt, 9.00 and 10.60, respectively.
Genting was down 0.50 rgt at 23.20 rgt and British American Tobacco lost
0.50 rgt to 38.50 rgt.
AEON gained 0.30 rgt to 6.10 rgt and UDA Holdings Bhd was down 0.29 rgt
at 2.34 rgt.
At the close, the three-month interbank rates were quoted at 3.90/3.92
and the overnight rate was quoted at 3.43/45.

For the CPO market, price was down 3 point to 1465 after reaching at high of 1478, for tomorow we are forth seeing more selling pressure of CPO... target price 1455...

For KLOFF , we are still negative for the momont and for tomorow we expectrd it to trade lower to 885 point


Regard

Anthony Wong
012-3116806

Wednesday, June 21, 2006


hi every one,

welcome to my stock and index future dairy tip page, pls welcome to contact me for further information for the hot tip of the day by calling my hp: 012-3116806 during trading hour...

As for tomorow 22/6/06 Klinf will climb higher... target 895 point

CPO will decline ... target 1445...

Stock to watch 7175 POLYTWR ... target price RM 1.30...

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