FBM KLCI Likely Move Sideways

After a big mark up, fund manager will distribute they share at this level till minimum level before dip it by flow out the news "market healthy correction"

Due to this month full of financial result flow out from big company from 30 share FBM KLCI index, likely 1,550 level will be supported. Every year fund manager is using this ways "mark up share before the good news flow and dip it after retail investor jump in.

FBMKLCI "Water Fall" Dip Is Near!

Yesterday FBM KLCI rally high with also high vol. Usually share market will big dip when hits new high so now KLCI is above 50 point to broken last new high on 1,600 level.

In short term I think the share will go to new high before a "water fall" dip because as we all know Europe debt and US problem still no yet solve. Fund manager need to push the share up and distribution they share in high price to make profit for they enjoyment of live. For me I almost sale all my share in my profile include PBBANK share because even good share like PBBANK will drop and by that time can buy back again, but may be need to wait till min-year.

FBM KLCI Likely To Mark Up This Week!

Today FBM KLCI reopen after CNY holidays and likely will be mark up if low seller from retail investor. However this mark up likely just to show a false good economic in Malaysia.

With latest data show FDI investment in Malaysia is low, Malaysia economic is really not in good shape, anytime in this year, the share may dip.

FBM KLCI Mark Up Will Happen Very Soon

FBM KLCI mark up will happen very soon. I think the best time will be next week after the 2 days holidays.

This is the last call to sale share in hand before the big dip.

FBM KLCI Likely Windows Dressing Mark Up

Base on the chart, show that most of the fund manager already sold part of their share to take profit so a mark up during CNY next week will be likely.

However, after the mark up Fund Manager need to dip the share to enter again so DON'T buy share when it was up, wait for the big dip.

FBM KLCI may facing risk to dip below 1,500 level

If retail investor urgent need money for CNY really sale share in low price this week, and FBM KLCI caped at 1520 to 1510 gap.

However if next week (last week before CNY) FBM KLCI unable to broken 1,530 level, FBM KLCI may facing risk to dip below 1,500 level.

KLCI Index End Year 2011 With A Big Jump Of 24 Point

Due to last min jump on MayBank share had help the KLCI index end year 2011 with a big jump of 24 point.

Malaysia share index really a good show.

Happy New Year To All.

FBM KLCI Loss All The Gain Since 30 August 2010!

Today most of Asia market is holding up in positive zone however FBM KLCI still dip in red.

FBM KLCI already loss all the gain since 30 August last year. I think Foreign investor did not make any good profit.

However, likely after all the foreign investor run away from FBM KLCI, the index will mark up. Any dip below 1,400 level may buy some good share like Petronas.

Malaysian bourse may stage a technical rebound ahead

We are of the view that our Malaysian bourse may stage a technical rebound ahead. A reversal of its downward momentum is probable assuming that positive vibes will emerge from the external front this week. If so, then we will look forward to the benchmark FBM KLCI making a comeback and test the 1,575- mark anytime soon.

After falling on four out of five days, the key market barometer posted a cumulative weekly loss of 16.2- point or 1.0% to settle at 1,548.81 on Friday. Meanwhile, the FBM 70 Index (+0.1%) and the FBM ACE Index (-1.2%) showed a mixed performance last week. Daily average volume stood at 1.0b shares valued at RM1.6b (versus 980.1m units worth RM1.8b the week before) as trading interest was held up by three new listings (namely Hibiscus Petroleum, Peterlabs Holdings and Prestariang) during the week.

What is going to happen these two days will probably set the market tone for the rest of the week, as our local market tracks the regional trend. In particular, all eyes will be on the U.S., which must work out its federal debt limit impasse by Tuesday. The bone of contention now is on how to narrow the budget deficit (either by cutting government spending or increasing taxes or both) in exchange for a legislative approval for a higher debt ceiling. Our hunch is that a compromise will eventually be reached by the lawmakers from both sides of the political
divide. As the matter remains very much within their control, these politicians will likely be sensible and realistic to make a breakthrough at the end of the day, considering the huge political backlash and economic repercussions should the unthinkable happen. Just imagine who will want to shoulder the blame for the brouhaha if their actions subsequently trigger an adverse chain of events, as a debt default will inevitable lead to a U.S. sovereign credit rating downgrade which in turn will wreak havoc in the global economy and financial markets.

The wide implications arising from the U.S. debt limit outcome also means that domestic news flows will be of less significance for now. In the pipeline this week will just be an economic report on external trade statistics for Jun due on Thursday and isolated corporate developments such as takeover offers to merge AIC Corporation, Jotech Holdings and AutoV Corporation (with their shares to be re-listed on Monday) and Pulai Springs (to be re-listed sometime this week).

On the chart, the FBM KLCI has slipped for three straight weeks already, losing a total of 45.9-point or 2.9% along the way to hover at a two-month low currently. From a momentum perspective, there is still no sign of a trend reversal yet. The first two support levels for the bellwether are presently seen at 1,530 and 1,495, respectively. Notwithstanding the short-term market pressures, we are hopeful that the benchmark index – after finding a stable footing – will stage an eventual recovery. A resumption of the uptrend will be more apparent when the FBM KLCI overcomes the resistance barriers of 1,550 (immediate) and 1,575 (next) going forward.

Report from HWangDBS

Malaysian bourse could remain under selling pressures today

The waiting game continues. There was no compromise yet by the lawmakers to reach an amicable agreement to resolve the U.S. federal debt ceiling. In reaction, Wall Street’s equity indices ended between flat and minus 0.5% last night.

Back home, our Malaysian bourse could remain under selling pressures today. The benchmark FBM KLCI may show a downward bias ahead, threatening to slip below the immediate support level of 1,550. On the corporate front, we will probably see share price actions in the following property counters today:
(a) E&O, after a local newspaper reported that the major shareholders of SP Setia plan to acquire a strategic stake in the company; and
(b) Dutaland, which has announced a disposal of 12,000 ha of plantation land to IOI Corporation for RM830m.

Technical rebound on our Malaysian bourse today

Taking the cue from Wall Street, we will probably see a technical rebound on our Malaysian bourse today. The benchmark FBM KLCI – after a plunge of 39.1-point or 2.5% over the past seven days – may bounce up towards its immediate resistance level of 1,575 ahead.

This comes as major U.S. equity indices jumped between 1.6% and 2.2% at the closing bell last night. Essentially, investors’ confidence was lifted by news that an agreement among lawmakers could be nearing to resolve the U.S. government’s debt ceiling stalemate. Stocks that will likely garner added interest today include:
(a) DiGi, in anticipation of the release of its latest quarterly results this afternoon; and
(b) Unico-Desa Plantations, which has proposed a distribution of shares in subsidiary ELK-Desa Resources to all its shareholders by way of dividend-in-specie and a restricted offer for sale of the remaining shares in ELK-Desa Resources to its shareholders. ELK-Desa Resources – which is involved in the hire purchase business – will be pursuing a listing on the Main Market.

Malaysia Economic Competitiveness Slips Out From Top 10

Malaysia economic competitiveness slips out from top 10 to 16th from latest report from Insitute of Management Development (IMD) so it mean that most of Najib economic plan is like "US Vietnam War" - win in TV loss in Vietnam. This is a bad news for out economic because it mean Najib plan is not working and most of the Mega project funder is EPF.

FBM KLCI close above 1,540 still is a good sign of a mini bullish outlook but after this news, the index may dip so for short term investment is better sale it and go away.

FBM KLCI Short Term Still Good

Short term period FBM KLCI may look good but for FBM KLCI to hits new high may unlikely to happen in this year end. I think in this week and next, FBM KLCI may only go sideways because most of the up side momentum is from hot money so now the hot money is in holidays, FBM KLCI may only go sideways.

Slowly but steadily, our Malaysian bourse could be making its way to higher grounds

Slowly but steadily, our Malaysian bourse could be making its way to higher grounds amid the ongoing market consolidation cycle.

After hitting a low of 1,476.56, the benchmark FBM KLCI quickly rebounded to end the week at 1,490.64, close to where it was two Fridays ago. Both the FBM 70 Index (+1.2%) and the FBM ACE Index (-1.5%), however, showed a mixed weekly performance. Daily average volume rose further to 1.4b shares (from 1.2b units) valued at RM1.7b (RM1.8b before).
Trading interest is set to increase even more in the coming week. Over the weekend, the Prime Minister has dropped a hint that a general election could be held in the near future (as soon as in several months’ time). That being the case, an air of “feel-good” expectations may hold up our market sentiment in the run-up to the polling dates.

And looking to capture investors’ attention in the week ahead are two high-profile events, namely:

1. The official launch of the government’s Economic Transformation Programme on Monday (25 Oct), the essence of which could be significant considering that the recent Budget 2011 was lacking of implementation details on how to restructure the nation’s economy into a high-income model; and
2. The debut listing of Malaysia Marine & Engineering Holdings – a heavy engineering and marine services provider with a market cap of RM6.1b (based on the institutional offer price of RM3.80 per share) – scheduled on Friday (29 Oct).

On the corporate front, the earnings reporting season continues with index heavyweight Tenaga due to release its FY Aug 10 full-year financial results on Thursday (28 Oct). This comes as more foreign money has been parked in Malaysia equities already. Bursa Malaysia last week
revealed that foreign ownership (as a percentage of overall market cap) has gone up from 20.6% in Jun to 21.7% in Sep this year after foreigners turned net buyers of RM9.5b worth of stocks in the third quarter.

Nonetheless, the existing foreign shareholdings level remains way below what it was in Jan 08 (at 26.5%), even though the FBM KLCI has now recovered to near its record peak of 1,524.69 about 2¾ years ago. From a technical perspective, we are still waiting for the FBM KLCI to cross the immediate resistance hurdle of 1,495 in a matter of time. Riding on a mini uptrend channel at the moment, if and when it overcomes the first barrier, the bellwether will probably then be on its way to challenge the next resistance target of 1,525.

Meanwhile, the recent trading pattern suggests that any market weakness arising from the ongoing consolidation activity will likely be relatively brief and shallow. Our existing support lines remain at 1,465 (first) and 1,435 (second), respectively.

Report from
HWangDBS

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