Kuala Lumpur shares close higher-
UPDATE 16/1/2007
- The benchmark Kuala Lumpur Composite Index (KLCI) closed up 8.08 points
or 0.72 pct at 1,127.41.
Gainers led decliners 676 to 252 with 246 stocks unchanged and 246
counters untraded.
Trading volume was heavy at 1.50 bln shares valued at 1.96 bln rgt.
Among blue chips, Malayan Banking rose 0.20 rgt to 11.50, Esso Malaysia
advanced 0.24 rgt or 8.22 pct to 3.16, Resorts World increased 0.50 rgt to 15.
80 and Bumiputra Commerce was up 0.28 rgt at 4.44
Technology stocks were higher supported by rotational interest, with AKN
Technology rising 0.01 rgt to 0.51, Globetronics Technology advancing 0.03
rgt or 8.82 to 0.37 and Uchi Technologies up 0.04 rgt at 3.18.
Genting surged 1.50 rgt or 4.44 pct to 35.25 after a report that the
group is planning to invest 3 bln usd to build a biofuel plant in Indonesia.
Sapura Technology advanced 0.105 rgt or 11.93 pct to 0.985 on a report
that its parent has secured a 1 bln rgt project from the government.
TRC Synergy added 0.19 rgt or 11.18 pct to 1.89 on hopes that the
construction firm may secure more contracts from the government's Ninth
Malaysia Plan.
Proton Holdings rose 0.35 rgt or 5.47 pct to 6.75 on speculation that GM
may make an offer to acquire a stake in the ailing car maker at 10.00 rgt per
share.

For tomorrow...market may do some correction...

For CPO Market...correction toward 1800 levels...

Kuala Lumpur shares close lower on profit-taking in blue chips - UPDATE 11/1/2007
- Share prices closed lower on persistent
profit-taking pressure on key blue chips from institutional investors,
especially foreign funds, dealers said.
The KLCI closed down 7.13 points or 0.64 pct at 1,106.06.
Loser led gainer 456 to 384, with 291 stocks unchanged and 194
untraded.
Trading volume was 808.10 mln shares valued at 1.43 bln rgt.
Among blue chips, Malayan Banking dropped 0.30 rgt to 11.30, PPB Oil
Palms lost 0.30 rgt to 11.70 and Telekom Malaysia eased 0.15 rgt to 9.65.
Lion Forest Industries rose 0.02 rgt to 2.78 after the company said it
has obtained approval from the Ministry of International Trade and Industry
to dispose of its 97.78 pct stake in Sabah Forest Industries Sdn Bhd to JP
Morgan Special Situations Asia Corp and Ballarpur Industries Ltd for 261 mln
usd.
Gaming group Magnum Corp Bhd fell 0.05 rgt to 2.53 after it said it
currently has no plans to undertake a capital repayment to shareholders,
contrary to a report.
Halifax Capital surged 0.085 rgt or 53.12 pct to 0.245 on news that the
company has won a shipbuilding contract worth about 23.2 mln usd from PT
Kasih Industri Indonesia.
Malaysian Airline System was flat at 4.98 on profit-taking after gaining
earlier on hopes that its earnings may be boosted by lower crude oil prices.

For tomorrow...correction expected to continued...

For CPO Market...correction toward 1800 levels...

KUALA LUMPUR, 10/1/2007 -- Share prices closed lower on
profit-taking in line with the steep fall across the region.
The Kuala Lumpur Composite Index (KLCI) was down 5.77 points or 0.52 pct at
1,113.19.
Losers outnumbered gainers 633 to 250 with 265 stocks unchanged and 169
counters untraded.
Trading volume was 1.0 bln shares valued at 1.77 bln rgt.
"The regional fall, as well as Thai government's move to limit foreign
ownership, had provided investors with an excuse to sell," said a dealer at TA
Securities.
Gaming group Genting led the losers, falling 0.50 rgt or 1.52 pct to 32. 50.
Unit Resorts was unchanged at 14.10.
Among index heavyweights, Maybank fell 0.20 rgt or 1.69 pct to 11.60,
Telekom Malaysia slid 0.20 rgt or 2 pct to 9.80 while Tenaga was steady at 11.
50 rgt.
Telecoms Maxis and Digi finished the day unchanged at 10.30 rgt and 15.50
rgt, respectively, as they rebounded from earlier losses after Communications
Minister Lim Keng Yaik was reported to have said the government plans to
introduce mobile number portability -- a technology which allows mobile phone
users to change their service providers while retaining their numbers -- over
the next six months.
National car maker Proton closed flat at 6.20 rgt, off an intra-day low of
6.10 rgt.
According to local reports, General Motors had approached Proton
shareholders and management regarding plans to acquire a stake in Proton. Proto
later said it is unaware of the reported approach by GM.
Pilecon Engineering gained on news that the company had finally completed
its restructuring and may return to profit in 2007. Pilecon was up 0.015 rgt or
4.55 pct at 0.345.
Banking groups Rashid Hussain Bhd (RHB) and Utama Banking saw active trade
after media reports said Hong Kong-based Primus Pacific Partners has offered to
acquire a stake in RHB. RHB ended the day up 0.06 rgt or 3.97 pct at 1.57 and
Utama gained 0.06 rgt or 4.03 pct to 1.55.

For tomorrow...market may continued to correction...

For CPO Market...correction toward 1800 levels...

Kuala Lumpur shares close lower on profit-taking-8/1/2007
- Share prices closed lower on profit-taking
after recent gains.
The Kuala Lumpur Composite Index (KLCI) closed down 7.38 points or 0.66
pct at 1,113.02.
Losers outnumbered gainers 518 to 343, while 262 stocks were unchanged
and 195 counters were untraded.
Trading volume was 876.02 mln shares valued at 1.29 bln rgt.
The market's longer term prospects remain good, he said, noting that OSK
has a year-end target of 1,200 points for the KLCI.
Among index heavyweights, Maybank lost 0.20 rgt or 1.68 pct to 11.70,
Telekom Malaysia fell 0.05 rgt or 0.5 pct to 9.95 and energy firm Tenaga was
steady at 11.40.
Genting fell 1.25 rgt or 3.68 pct to 32.75 and its unit Resorts was down
0.10 rgt or 0.69 pct at 14.40.
Among other gainers, LPI Capital continued to post sharp gains on the
back of its recently-announced generous dividend of 80 sen per share. The
general insurer gained 0.30 rgt or 2.97 pct to 10.40.
Property firm Landmarks surged on hopes that its recent venture for a
resort on Bintan Island in Indonesia may boost its long-term growth
prospects. The stock gained 0.16 rgt or 7.24 pct to 2.37.
Sentiment was also supported by Genting Group's move to continue to
increase stake in the company, dealers said.
New listing Quill Capita Trust also posted sharp gains on its debut on
the main board as it finished at 0.98 rgt, up 16.67 pct over its IPO price
of 0.92 rgt.
The New Straits Times Press (NSTP) and Utusan Melayu were both higher on
renewed speculation that a merger involving the two companies may be
finalized soon. NSTP was up 0.12 rgt or 5.02 pct at 2.51 and Utusan gained 0.
12 rgt or 8.22 pct to 1.58.
Proton was down 0.05 rgt or 0.81 pct at 6.15 after former premier
Mahathir Mohamad said the company should ditch its entire management or risk
further deterioration.

for tomorrow...correction toward 1050 points...

CPO Market correction toward 1800 levels...

Kuala Lumpur shares close little changed - UPDATE 4/1/2007
- Share prices closed little changed after
investors took profits from the market's new-year opening rally.

The KLCI closed up 1.09 points at 1,118.18.
Losers outnumbered gainers 432 to 416, with 280 stocks unchanged and 194
counters untraded.
Trading volume was 1.14 bln shares valued at 1.44 bln rgt.
At the close, blue chip Genting and major plantation counters such as PPB
Oil and KLK were down on profit-taking. Genting shed 0.25 rgt to 34.00 while
PPB Oil lost 0.40 rgt or 3.13 pct to 12.40 and KLK shed 0.20 rgt or 1.37 pct
to 14.40.
Bank stocks closed higher and helped offset the market's losses.
Bumiputera-Commerce gained 0.30 rgt or 3.8 pct to 8.20 while its call
warrants (Commerz-CW) jumped 0.40 rgt or 11.76 pct to 3.80 before they were
suspended pending a material announcement on the proposed disposal of its
insurance companies.
Bumiputra Commerce had been in negotiations with three financial
institutions, namely Kurnia Asia, AMMB Holdings and Allianz General Insurance
for the possible sale of its general insurance arm Commerce Assurance Bhd.
Elsewhere, General insurer LPI Capital Bhd was sharply higher after
reporting a 45 pct year-on-year rise in net profit for the fourth quarter to
December to 25.42 mln rgt.
Investors also welcomed the company's decision to declare a final
dividend of 80 sen per share, bringing its total dividend to 105 sen per
share.
LPI Capital was up 0.40 rgt or 4.21 pct at 9.90.
At the close, the ringgit was traded at 3.5150/5180.

For tomorrow...short term market still very bullish...target 1200 points...

For CPO Market...correction toward 1800 levels...

Kuala Lumpur shares close higher - UPDATE 3/1/2007
- Share prices closed significantly higher on the
first trading day of the new year, with gains led by plantation stocks and
blue chips, dealers said.
The Kuala Lumpur Composite Index (KLCI) closed the day up 20.85 points or
1.86 pct at 1,117.09.
Gainers outnumbered losers 588 to 284, with 240 stocks unchanged and 211
counters untraded.
Trading volume was 974.96 mln shares valued at 1.51bln rgt.
Blue chips such as Genting and Digi.com also helped lift the market,
gaining 1.25 rgt or 3.79 pct to 34.25 and 0.80 rgt or 5.26 pct to 16.00,
respectively.
Among the heavyweights, Tenaga gained 0.30 rgt or 2.75 pct to 11.20, TM
added 0.35 rgt or 3.59 pct to 10.10 while Maybank was flat 11.80.
Rashid Hussain Bhd (RHB), RHB Capital and majority shareholder Utama
Banking Group were all higher as the market continued to speculate that
Utama's negotiations to sell its controlling stake in RHB to Kuwait Finance
House in a merger deal will go through.
RHB was up 0.05 rgt at 1.50, RHB Cap up 0.14 rgt or 4.09 pct at 3.56, and
Utama up 0.04 rgt or 2.72 pct at 1.51.
The New Straits Times Press (M) Bhd (NSTP) and Utusan Melayu (M) Bhd were
higher on renewed speculation that a merger deal involving the two firms may
materialize in the near term.
NSTP was up 0.08 rgt or 3.45 pct at 2.40 and Utusan rose 0.09 rgt or 6.43
pct to 1.49.
Elsewhere, AirAsia Bhd was sharply higher on speculation that the budget
carrier may launch cheap flights to the UK in partnership with some European
carriers, dealers said.
AirAsia was up 0.11 rgt or 7.28 pct at 1.62.

For tomorrow...bull run will beach new high...target 1300 points...

For CPO Market...correction toward 1800 levels...