The KLCI fell sharply on July 4, after a one-day trading suspension on July 3. Although Wall Street had chalked up overnight gains on Thursday, there was pent-up selling pressure from the opening bell as regional markets had fared badly on Thursday when we were closed. On a positive note, the KLCI closed well off its intra-day lows due to bargain hunting activities in the afternoon session. The KLCI plunged right from the opening bell, and fell as much as 33.7 points at its intra-day low. Bargain hunting activities in the afternoon session limited its losses to 19.6 points at the close, with the benchmark index ending at 1,134.1. Market breadth was negative with declining stocks pouncing advancing ones by a 3-to-1 ratio on volume of 594 million shares. Blue chips bore the brunt of the sell-off and comprised much of the day's most actives list. Actively traded stocks include Resorts, Gamuda, IOI Corp, Bumiputra-Commerce, Sime Darby and AirAsia. Major losers include BAT, Kulim, DiGi, Asiatic and Bursa Malaysia. The day's top gainers were mostly thinly traded or illiquid stocks. Investors are being troubled by persistent uncertainties, both domestically and globally. Long standing external concerns over the health of the US economy, high crude oil prices and rising inflationary pressures remain. There is no evidence to suggest that prevailing trading conditions are about to change anytime soon. On Thursday, crude oil prices climbed to a new record high of US$145.85 (RM481.31) per barrel. The European Central Bank raised interest rates by 25 basis points to 4.25%, joining central banks from countries such as Russia, Brazil, Vietnam, the Philippines, Indonesia, China and India that have raised interest rates or instituted credit-tightening measures in the past month. While the external economic picture has been murky for a while, these problems are being compounded by recent domestic political developments that have created even more uncertainties. The confluence of these factors is likely to keep investors sidelined in the near term, although many stocks are looking attractively priced.
Saturday, July 5, 2008
Bursa Malaysia (KLCI) falls as trading resumes, but well off lows
Off Market Transactions On KLSE (04 July 2008)
No Off Market Transactions On 03 July 2008 due to KLSE computer problem.
Stock | Dir-Vol | Dir-Val | Av-Price | ||||||||||
INNITY | 9,057,800 | 2,626,762 | 0.29 | ||||||||||
GSB | 6,700,000 | 335,000 | 0.05 | ||||||||||
ITRONIC | 3,297,200 | 2,308,040 | 0.7 | ||||||||||
ASB-LA | 2,600,000 | 117,000 | 0.045 | ||||||||||
TDEX | 2,500,000 | 575,000 | 0.23 | ||||||||||
COCOLND | 2,042,200 | 1,225,320 | 0.6 | ||||||||||
GENTING | 2,000,000 | 10,900,000 | 5.45 | ||||||||||
LUSTER | 1,833,300 | 293,328 | 0.16 | ||||||||||
PRDUREN | 1,500,000 | 675,000 | 0.45 | ||||||||||
SYF | 1,100,000 | 440,000 | 0.4 | ||||||||||
JADI | 1,080,000 | 140,400 | 0.13 | ||||||||||
IPOWER | 1,000,000 | 190,000 | 0.19 | ||||||||||
ASTRO | 891,500 | 2,852,800 | 3.2 | ||||||||||
KEYASIC | 760,000 | 326,800 | 0.43 | ||||||||||
OSK | 700,000 | 1,120,000 | 1.6 | ||||||||||
WZRB | 700,000 | 267,000 | 0.381 | ||||||||||
ASUPREM | 668,200 | 314,054 | 0.47 | ||||||||||
POLYTWR | 638,000 | 210,540 | 0.33 | ||||||||||
OSK-WB | 564,000 | 169,200 | 0.3 | ||||||||||
LUXCHEM | 534,000 | 389,854 | 0.73 | ||||||||||
AKN | 500,000 | 190,000 | 0.38 | ||||||||||
CANONE | 500,000 | 375,000 | 0.75 | ||||||||||
PLS | 500,000 | 400,000 | 0.8 | ||||||||||
CENBOND | 490,000 | 210,700 | 0.43 | ||||||||||
CHINWEL | 300,000 | 315,000 | 1.05 | ||||||||||
PICORP | 260,700 | 186,304 | 0.715 | ||||||||||
GKENT | 225,000 | 102,375 | 0.455 | ||||||||||
PERISAI | 200,000 | 214,000 | 1.07 | ||||||||||
LATITUD | 200,000 | 196,000 | 0.98 | ||||||||||
YTLPOWR | 195,000 | 360,750 | 1.85 | ||||||||||
ETITECH | 180,000 | 324,000 | 1.8 | ||||||||||
DUTALND-LA | 150,000 | 60,000 | 0.4 | ||||||||||
AVENTUR | 140,000 | 126,000 | 0.9 | ||||||||||
EKOVEST | 130,000 | 132,600 | 1.02 | ||||||||||
AIROCOM | 126,900 | 9,898 | 0.078 | ||||||||||
TAWIN | 126,800 | 76,080 | 0.6 | ||||||||||
DRBHCOM | 120,000 | 111,600 | 0.93 | ||||||||||
TENAGA | 112,000 | 896,000 | 8 | ||||||||||
METALR | 100,000 | 100,000 | 1 | ||||||||||
MULPHA-WA | 100,000 | 17,000 | 0.17 | ||||||||||
KULIM | 89,012 | 818,910 | 9.2 | ||||||||||
PPG | 86,400 | 35,424 | 0.41 | ||||||||||
KULIM-WB | 72,700 | 505,265 | 6.95 | ||||||||||
RESORTS | 45,000 | 119,100 | 2.647 | ||||||||||
ANNJOO | 30,000 | 116,700 | 3.89 | ||||||||||
HUPSENG | 30,000 | 38,700 | 1.29 | ||||||||||
RCECAP | 25,000 | 13,000 | 0.52 | ||||||||||
SYMPHNY | 20,000 | 5,400 | 0.27 | ||||||||||
YNHPROP | 10,000 | 15,300 | 1.53 | ||||||||||
RANHILL | 10,000 | 9,340 | 0.934 | ||||||||||
KURNIA-WA | 10,000 | 13,200 | 1.32 |
Thursday, July 3, 2008
Today KLSE is closed for half day due to system breakdown!
Bursa Malaysia (KLSE) will re-open after lunch due to system breakdown.
Malaysia political tensions hit Bursa Malaysia (KLSE) to year 2008 low
KUALA LUMPUR: Malaysia's rising political tension took a toll on local stocks at midday, sending the equity benchmark to its lowest in a year. The Kuala Lumpur Composite Index (KLCI) was down 19.87 points or 1.7% to 1,154.96 at 12.30pm. Prime movers of the 100-stock index include IOI Corp Bhd and Sime Darby Bhd whose shares dipped 20 sen each to RM7.20 and RM8.95. Market breadth was negative. Bursa Malaysia saw 561 losers versus 47 gainers with a volume of 469.58 million shares worth RM225.49 milion. Analysts said improvement in the US markets a day earlier might be able counter the negative impact of rising political tension on Malaysian stocks. The Dow Jones Industrial Average rose 32.25 points to 11,382.26, Nasdaq climbed 11.99 points to 2,304.97, while S&P 500 was up 4.91 points to 1,284.91. "The Dow fighting back is indeed an event to take note off. Of all the political news, political defections has the most effect of the KLCI. And with more possible defections coming our way, it seems that the KLCI might possibly be dragged down lower, possibly nullifying any possible effects of the Dow. "For now we are observing the progress of the Dow to see whether it is strong enough to counter the negatives in the KLCI," HLG Securities said in a note today. Most Asian indices declined at midday due costlier crude oil. Among decliners, Japan's Nikkei 225 dipped 141.55 points to 13,321.65, Hong Kong's Hang Seng dropped 218.88 points to 21,883.13, while Australia's S&P/ASX 200 retreated 27.7 points to 5,111.2. Global investors will be kept vigilant on the European Central Bank's interest rate policy tomorrow. Should the central bank maintains interest rates, it would strengthen the US dollar, hence, lower crude oil prices which will, in turn, boost the equity markets. Crude oil for August delivery rose US$1.03 (RM3.40) to US$142 a barrel on the New York Mercantile Exchange at 11.48am.
Bursa Malaysia (KLCI) shares trade sharply lower
Sentiment on Bursa deteriorated sharply on July 3. The KL Composite Index opened lower and continued falling through the day as sellers overwhelmed buyers. Market breadth was deep in the red for the better part of the trading day.
There was little fresh development to bolster investor confidence. Sentiment in the global financial market remained weak. US stocks closed only marginally higher overnight after falling sharply in the previous week. Most regional markets also traded lower with selling pressure intensifying as the day progressed.
Crude oil prices remained near record high levels after the International Energy Agency warned that world production will remain tight in the longer-term. Investors also used heightened geopolitical tensions in the Middle East as reason to drive prices higher. Crude oil futures on the New York Mercantile Exchange stayed above US$142 (RM468.60) per barrel.
In addition to external concerns, investors are also getting increasingly nervous that the local political sabre-rattling appears to be gathering in intensity. Local political uncertainties are also likely to have prompted more foreign selling.
Market volume increased to over 485 million shares. This seems to suggest a slight increase in the pace of selling and does not bode well for the market's near-term outlook. We suspect those investors looking to bargain hunt will lean towards more defensive and high yielding stocks, for now.
The benchmark KLCI succumbed to increased selling pressure, falling deep into the red. It touched an intra-day low of 1,149.1 points before recovering a little to close 21 points lower at 1,153.7 points. Market breadth was also decisively negative. At the close, losing counters outpaced gaining ones by roughly eleven to two.
Top losers include Tanjong plc, KFC, TM International, Bursa Malaysia, IOI Corp, Parkson, UMW and YTL. Shares for Telekom Malaysia were the most actively traded for the day.
Off Market Transactions On KLSE (02 July 2008)
Stock | Dir-Vol | Dir-Val | Av-Price | ||||||||||
MPHB | 4,000,000 | 5,800,000 | 1.45 | ||||||||||
INNITY | 2,260,876 | 655,654 | 0.29 | ||||||||||
MRCB | 1,275,000 | 1,480,750 | 1.161 | ||||||||||
BONIA | 1,000,000 | 1,700,000 | 1.7 | ||||||||||
TSH | 1,000,000 | 3,100,000 | 3.1 | ||||||||||
PICORP | 747,000 | 537,840 | 0.72 | ||||||||||
GRANFLO | 710,000 | 238,400 | 0.336 | ||||||||||
TAWIN | 474,920 | 284,952 | 0.6 | ||||||||||
PRDUREN | 339,800 | 158,007 | 0.465 | ||||||||||
HARBOUR | 326,700 | 222,156 | 0.68 | ||||||||||
ASUPREM | 250,000 | 120,000 | 0.48 | ||||||||||
YNHPROP | 150,000 | 274,500 | 1.83 | ||||||||||
KPS | 112,500 | 249,548 | 2.218 | ||||||||||
PBBANK | 100,140 | 931,302 | 9.3 | ||||||||||
N2N | 60,000 | 31,500 | 0.525 | ||||||||||
GENTING | 44,000 | 239,850 | 5.451 | ||||||||||
COMMERZ | 25,000 | 205,500 | 8.22 | ||||||||||
RANHILL | 22,000 | 20,680 | 0.94 | ||||||||||
KHSB | 15,000 | 8,505 | 0.567 |
Wednesday, July 2, 2008
Bursa Malaysia Index (KLCI) countinue falls on uncertainties
The stock market got off to a bad start for the second half of the year – after an already weak first half that saw a loss of nearly 18% for the KLCI.
Investor confidence remains on shaky ground. Investors are being troubled by persistent uncertainties, both domestically and globally. There is no evidence to suggest that prevailing trading conditions are about to change anytime soon.
Long-standing external concerns over the health of the US economy, high crude oil prices and rising inflationary pressures remain.
These problems are being compounded by domestic issues -– namely the impact of the recent 41% hike in fuel prices and the latest political developments. The confluence of these negative factors is likely to keep investors at bay in the near term.
The KLCI opened marginally higher on July 1, but soon fell sharply throughout the morning and afternoon sessions. It slumped as much as 17 points before ending 10.8 points down at 1,175.8. Declining stocks beat advancing ones by a 2.1-to-1 margin.
Trading volume was very thin volume at 340 million shares -– down from Monday's 371 million shares. This was the third lowest volume so far this year and reflects investors' cautious stance in the wake of these uncertainties.
Volume leaders include AirAsia, Bumiputra-Commerce, Resorts, Gamuda, YTL Power and Sime Darby. Gainers include Tanjong plc and Proton, but mostly on thin volume. Losers include BAT, KNM, Bumiputra-Commerce and Bursa Malaysia.
Few investors are motivated to buy under current climate. The low trading volume suggests more investors are staying on the sidelines. Wall Street's recent sharp losses are also unsetlling global investors. A number of major US economic data are due this week, including the all-important jobs data, which will influence Wall Street and global financial markets.
Off Market Transactions On KLSE (01 July 2008)
Stock | Dir-Vol | Dir-Val | Av-Price | ||||||||||
LINGUI | 22,580,000 | 32,063,600 | 1.42 | ||||||||||
SCOMAL | 10,300,000 | 1,493,500 | 0.145 | ||||||||||
INNITY | 4,278,064 | 1,240,639 | 0.29 | ||||||||||
GNEALY | 4,000,000 | 21,000,000 | 5.25 | ||||||||||
EKIB | 2,568,000 | 1,129,920 | 0.44 | ||||||||||
MTRONIC | 2,000,000 | 130,000 | 0.065 | ||||||||||
BINAIK | 1,450,000 | 942,500 | 0.65 | ||||||||||
JAKS | 1,000,000 | 560,000 | 0.56 | ||||||||||
ENGTEX | 1,000,000 | 750,000 | 0.75 | ||||||||||
LANDMRK | 444,500 | 635,635 | 1.43 | ||||||||||
WZRB | 350,000 | 126,000 | 0.36 | ||||||||||
MULPHA-WA | 300,000 | 51,000 | 0.17 | ||||||||||
KURNIA | 287,000 | 717,500 | 2.5 | ||||||||||
SARAWAK | 230,000 | 680,800 | 2.96 | ||||||||||
TIME | 200,000 | 39,000 | 0.195 | ||||||||||
STAR | 200,000 | 628,000 | 3.14 | ||||||||||
MRCB | 182,000 | 203,640 | 1.119 | ||||||||||
LIONDIV | 167,461 | 205,977 | 1.23 | ||||||||||
SAAG | 120,000 | 470,400 | 3.92 | ||||||||||
EFFICEN | 100,000 | 13,500 | 0.135 | ||||||||||
HWATAI | 81,600 | 32,640 | 0.4 | ||||||||||
KURNIA-WA | 72,000 | 93,600 | 1.3 | ||||||||||
PENERGY | 70,000 | 140,000 | 2 | ||||||||||
IE | 50,100 | 4,509 | 0.09 | ||||||||||
KPS | 30,000 | 71,100 | 2.37 | ||||||||||
RANHILL | 20,000 | 19,600 | 0.98 | ||||||||||
EQUINE | 8,000 | 3,800 | 0.475 | ||||||||||
SUNCITY | 5,000 | 13,200 | 2.64 | ||||||||||
ENCORP | 2,000 | 1,660 | 0.83 | ||||||||||
YTLPOWR | 56 | 102 | 1.83 |
Tuesday, July 1, 2008
EPF bought into AIRASIA !
I really do not understand, with the price oil hike why EPF buy in this AIRASIA?
But maybe they know something I don't know. No wonder Air Asia cannot go further down.
Bursa Malaysia Market ends mid-year 2008 on jittery ground
Investor confidence remains on shaky ground on June 30. Investors are troubled by persistent uncertainties, both domestically and in the global financial market. There is no evidence to suggest that prevailing trading conditions are about to change anytime soon. The KL Composite Index opened on a weaker footing and remained in negative territory throughout the day. The benchmark index eventually closed four points lower at 1,186.6 points. This brings its total losses for the first half of the year to nearly 18%. Few investors are motivated to buy under current climate. Wall Street's sharp losses last week may portend more difficult times ahead. The upcoming corporate reporting season for 2Q08 could see more earnings downgrades. The financial sector, in particular, could witness more write-downs related to the credit crisis. Investors will also be looking closely at US jobs figures slated for release later in the week. Crude oil futures traded on the New York Mercantile Exchange hit fresh all-time high of US$142.99 (RM471.87) per barrel -– adding further to investor concerns about rising inflationary pressures. Oil is currently trading nearly 48% higher from the start of 2008. Unsurprisingly, key Asian stock markets too ended the mid-year on a nervous note. Most relevant bellwether indices in regional markets have lost between 12-20% for the year to date while the Shanghai Composite Index has fallen by some 48%. Market breadth in the local bourse was in the red all through the day. At the close, the number of losing counters outpaced gaining ones by a ratio of roughly seven to three. Volume was low. Less than 371 million shares changed hands, one of the lowest recorded this year. Some of the days' bigger losers were TM International, Tanjong plc, Public Bank, Bumiputra-Commerce and Bursa Malaysia. At the other end, shares for BAT, KL Kepong, Kulim, Lafarge Malayan Cement and IOI Corp finished higher on Monday.
Off Market Transactions On KLSE (30 June 2008)
Stock | Dir-Vol | Dir-Val | Av-Price | ||||||||||
AXIS | 3,450,000 | 6,210,000 | 1.8 | ||||||||||
ASB-LA | 2,600,000 | 130,000 | 0.05 | ||||||||||
PRDUREN | 1,270,300 | 588,737 | 0.463 | ||||||||||
EIG | 769,000 | 515,230 | 0.67 | ||||||||||
FRB | 705,000 | 528,750 | 0.75 | ||||||||||
AVENTUR | 600,000 | 540,000 | 0.9 | ||||||||||
INIX | 505,500 | 103,628 | 0.205 | ||||||||||
SARAWAK | 500,000 | 1,460,000 | 2.92 | ||||||||||
SIGN | 500,000 | 550,000 | 1.1 | ||||||||||
GKENT | 320,000 | 153,600 | 0.48 | ||||||||||
PERISAI | 300,000 | 333,000 | 1.11 | ||||||||||
DAYANG | 300,000 | 375,000 | 1.25 | ||||||||||
BORNOIL | 229,500 | 66,555 | 0.29 | ||||||||||
LATITUD | 220,350 | 220,350 | 1 | ||||||||||
MPHB | 200,000 | 300,000 | 1.5 | ||||||||||
YTLPOWR | 195,000 | 380,250 | 1.95 | ||||||||||
LITESPD | 160,000 | 14,400 | 0.09 | ||||||||||
YSPSAH | 50,000 | 48,750 | 0.975 | ||||||||||
GAMUDA | 50,000 | 120,500 | 2.41 | ||||||||||
TRANMIL | 50,000 | 63,000 | 1.26 | ||||||||||
KPS | 50,000 | 124,000 | 2.48 | ||||||||||
SPSETIA | 50,000 | 164,450 | 3.289 | ||||||||||
HEXZA | 15,200 | 9,348 | 0.615 |
Monday, June 30, 2008
Football: Euro 2008 End With Spain beats Germany 1-0 to win Euro 2008 title
VIENNA, Austria: Fernando Torres finally lived up to his billing as one of the world's great strikers Sunday by scoring to give Spain a 1-0 win over Germany and the European Championship title.
Torres, who had been overshadowed by teammate David Villa all tournament, scored in the 33rd minute of the final to down the three-time European champions and earn his nation's first major title in 44 years.
Touching a sliding pass from Xavi Hernandez past Philipp Lahm, Torres turned and ran past his marker on the opposite side, collected the ball and lifted a shot over sliding goalkeeper Jens Lehmann and into the far corner.
"My job is to score goals,'' Torres said.
"I want to win more titles and be the most important player in Europe and the world.''
Spain's Sergio Ramos, center, and Iker Casillas, right, celebrates with the trophy after the Euro 2008 final between Germany and Spain in the Ernst-Happel stadium in Vienna - AP
Spain had more chances but the goal was enough to give the country its first title since the 1964 European Championship.
"Spain played very well during whole tournament. and they were technically excellent,'' Germany coach Joachim Loew said.
"They fully deserve victory.''
In the end, Spain was a deserved winner of the 13th European Championship.
Long known as an underachiever that peaked between tournaments rather than at them, the team reached the final at Ernst Happel Stadium with a string of beguiling attacking displays orchestrated by a vibrant midfield - and held true to its values in the highest pressure match.
Germanfan reacts after the defeat - AP
Xavi, Andres Iniesta and David Silva swapped positions constantly against a midfield marshaled by Michael Ballack and eventually wore out their opponents until it seemed Spain was simply counting down time until the final whistle.
Red-shirted fans started to greet each successful pass with cheers of "Ole!'' before erupting into relieved delirium on the whistle.
The overjoyed players gathered to throw 69-year-old coach Luis Aragones into the air in celebration, while the massed ranks of Spanish fans sang themselves hoarse with "Viva Espana'' as fireworks went off overhead.
"It is the most imporant day in Spanish football in many, many years,'' Torres said.
Germany, playing in its seventh European Championship final, had a strong appeal for a first-half penalty turned down but, despite Ballack's imperious performance, could not find a way past the Spain defense.
Ballack's tender right calf had meant that, until right before kickoff, it looked like he was about to add a missed European Championship final to the World Cup final he sat out in 2002.
But he took his place in the lineup and, against a team with even slightly less skill and passion, could have been the driving force in another German win.
A soccer fan with German and Spanish national flags reacts at the ' Fan-Mile', a public viewing zone in central Berlin, Germany on Sunday during the last minutes of the final of the Euro 2008 soccer championships in Vienna - AP
"We had a great tournament, but made one mistake too many,'' Ballack said.
"We were lacking of power against a great Spanish team, we couldn't keep up with them.''
Germany dominated the opening exchanges until a lucky break in the 14th gave the Spanish their first chance on goal and a boost that clearly lifted their play.
"We controlled the game for 15 minutes, but had no answer after Spain found to its rhythm,'' Loew said.
"Spain played better. We couldn't match their level.''
On a rare foray forward, Iniesta sent a cross into the box from the left and Germany defender Christoph Metzelder stuck out a boot to send the ball rocketing toward his own goal.
Only a diving reaction save by Jens Lehmann kept it out and prevented an own-goal. Spain never looked back.
Per Mertesacker had to dispossess Torres in the area with a well-timed sliding tackle before Torres found space for a couple of dangerous headers.
He put the first just over the bar before sending the second against the foot of the post with Lehmann beaten.
Germany then was left to rue its luck in what could have been the decisive moment of the match in the 29th.
Fullback Joan Capdevila mis-controlled the ball and it clearly bounced up to hit his hand, but referee Roberto Rosetti waved away the appeals.
Moments later, Torres showed why he is rated one of the best strikers in the world. With leading tournament scorer Villa absent because of injury, Torres was again the sole outlet in attack.
He took Xavi's pass and finished off his chance by flipping the ball over Lehmann and watching it roll softly into the corner for his second goal of Euro 2008.
Germany replaced the struggling Lahm with Marcell Jansen at halftime but Silva still got in a 54th-minute shot that right back Sergio Ramos almost deflected in with a back heel.
Ballack, who had already received treatment for a head wound and was railing against every decision in Spain's favor, shot past the post and almost set up substitute Kevin Kuranyi with a cross that goalkeeper Iker Casillas just tipped away.
"We wanted to come back in the second half, but we just couldn't do it,'' Ballack said.
"For us, to reach the final was a great achievement. We have to be satisfied with that regarding the quality of the other teams competing.''
But aside from isolated passages of play, it was all Spain.
Ramos sent a diving header onto the bar from Xavi's deep cross, Iniesta almost scored with a near post shot that Torsten Frings just managed to block, and Senna just missed a cross in front of an open goal in the 82nd.
It was a dramatic change from the start of the match, when all the attacking had come from Germany.
Exploiting space left by Ramos, who was pushing forward down the wing and leaving captain Carles Puyol to cover, Miroslav Klose, Lahm and Ballack all found openings.
Klose could have had a shot in the third, but his poor touch took the ball out for a goal kick, Lahm sent a cross too far across the area, and Ballack beat Puyol before the recovering Ramos got a toe to the cross to deflect it from danger.
"We will analyze the next couple of days what went wrong and work on that for the near future,'' Loew said.
"Overall, the team had a great result, considering the other contenders, like Italy, France, or the Netherlands.''
Lineups:
Spain: Iker Casillas, Sergio Ramos, Carles Puyol, Carlos Marchena, Joan Capdevila, Xavi Hernandez, David Silva (Santi Cazorla, 66), Marcos Senna, Andres Iniesta, Cesc Fabregas (Xabi Alonso, 63), Fernando Torres (Dani Guiza, 78).
Germany: Jens Lehmann, Christoph Metzelder, Per Mertesacker, Philipp Lahm (Marcell Jansen, 46), Arne Friedrich, Bastian Schweinsteiger, Thomas Hitzlsperger (Kevin Kuranyi, 58), Torsten Frings, Michael Ballack, Lukas Podolski, Miroslav Klose (Mario Gomez, 79). - AP
European Championship Champions
2008_Spain
2004_Greece
2000_France
1996_Germany
1992_Denmark
1988_Netherlands
1984_France
1980_Germany
1976_Czechoslovakia
1972_Germany
1968_Italy
1964_Spain
1960_Soviet Union
Bursa Malaysia Index (KLCI) falls as US Wall Street Market plunges
KUALA LUMPUR: Stock prices on Bursa Malaysia closed sharply lower on Friday, as an overnight plunge on Wall Street sent regional markets reeling.
On Thursday, the Dow Jones Industrials Average Index plunged 358 points to 11,453 points - its lowest close since Sept 2006.
While concerns over the health of the US economy, the housing market and inflation continue, the latest plunge was precipitated by a worsening outlook for the financial and auto sectors, as well as rapidly rising oil prices. Crude oil prices topped a record high of just over US$140 (RM462) per barrel - fueling further inflationary fears.
The local stock market also took its cue from Wall Street, with the KLCI in negative territory throughout the day. The benchmark index fell as much as 17 points at the open, but recovered part of it to end 13.3 points lower at 1,190.5 points - below the psychologically important 1,200 point level.
Market breadth was negative, with declining stocks beating advancing ones by a 2-to-1 margin at the close. Trading volume remained low with just 378 million shares changing hands.
Volume leaders on Friday include AirAsia, Luxchem, Gamuda, Resorts, TMI, IOI Corp and TM. Gainers include LCL, Loh & Loh, Berjaya Land and Hai-O. Losers include CCB, DiGi, Luxchem, TMI and MPI.
It is unclear where the market will head next given the prevailing host of external economic uncertainties. The low trading volume suggests more investors are staying on the sidelines.
Investor confidence has already been affected by earlier domestic political issues, prevailing external uncertainties and rising inflationary pressures following the recent sharp petrol price hike. Investors will likely continue taking their cues from external factors. Further falls on Wall Street and escalating crude oil prices will further dampen sentiment.
Off Market Transactions On KLSE (27 June 2008)
Stock | Dir-Vol | Dir-Val | Av-Price | ||||||||||
INSAS-LA | 29,400,700 | 13,230,315 | 0.45 | ||||||||||
SAUJANA | 13,250,000 | 13,250,000 | 1 | ||||||||||
CUSCAPI | 7,000,000 | 1,260,000 | 0.18 | ||||||||||
PANTECH | 4,378,900 | 3,525,015 | 0.805 | ||||||||||
AXIS | 4,150,000 | 7,470,000 | 1.8 | ||||||||||
OCNCASH | 3,879,700 | 349,173 | 0.09 | ||||||||||
TDEX | 2,500,000 | 625,000 | 0.25 | ||||||||||
ARREIT | 1,000,000 | 955,000 | 0.955 | ||||||||||
BSDREIT | 1,000,000 | 1,460,000 | 1.46 | ||||||||||
PERISAI | 1,000,000 | 1,230,000 | 1.23 | ||||||||||
TM | 1,000,000 | 3,340,000 | 3.34 | ||||||||||
WCT | 1,000,000 | 3,080,000 | 3.08 | ||||||||||
JPK | 805,900 | 81,396 | 0.101 | ||||||||||
BONIA | 780,600 | 1,467,528 | 1.88 | ||||||||||
HUAYANG | 550,000 | 374,000 | 0.68 | ||||||||||
AEONCR | 500,000 | 1,780,000 | 3.56 | ||||||||||
SCOPE | 500,000 | 42,500 | 0.085 | ||||||||||
WCT-PA | 490,000 | 284,200 | 0.58 | ||||||||||
ENVAIR | 439,900 | 87,980 | 0.2 | ||||||||||
KNM | 410,000 | 2,585,500 | 6.306 | ||||||||||
SWKPLNT | 300,000 | 1,122,000 | 3.74 | ||||||||||
HEVEA | 300,000 | 300,000 | 1 | ||||||||||
IOICORP | 290,000 | 2,160,500 | 7.45 | ||||||||||
ANNJOO-WB | 250,000 | 402,500 | 1.61 | ||||||||||
IJMPLNT | 200,000 | 732,000 | 3.66 | ||||||||||
SARAWAK | 200,000 | 594,000 | 2.97 | ||||||||||
THPLANT | 200,000 | 692,000 | 3.46 | ||||||||||
WCT-WB | 200,000 | 132,000 | 0.66 | ||||||||||
BURSA | 195,300 | 1,503,810 | 7.7 | ||||||||||
SUNCITY-WA | 150,000 | 64,500 | 0.43 | ||||||||||
RESORTS | 116,000 | 316,680 | 2.73 | ||||||||||
KULIM-WB | 100,000 | 745,000 | 7.45 | ||||||||||
TDM | 64,000 | 134,400 | 2.1 | ||||||||||
PW | 60,000 | 36,000 | 0.6 | ||||||||||
BKAWAN | 50,297 | 533,148 | 10.6 | ||||||||||
MAYBANK | 47,439 | 339,211 | 7.15 | ||||||||||
HARTA | 47,000 | 71,910 | 1.53 | ||||||||||
AMMB | 44,000 | 139,920 | 3.18 | ||||||||||
GAMUDA | 34,000 | 74,800 | 2.2 | ||||||||||
GENTING | 30,900 | 178,230 | 5.768 | ||||||||||
UCHITEC | 30,050 | 63,406 | 2.11 | ||||||||||
MTDINFR | 30,000 | 22,200 | 0.74 | ||||||||||
RHBCAP | 17,000 | 73,100 | 4.3 | ||||||||||
TONGHER | 15,000 | 39,300 | 2.62 | ||||||||||
PIE | 12,000 | 58,800 | 4.9 | ||||||||||
KURNIA-WA | 10,000 | 13,800 | 1.38 | ||||||||||
POS | 10,000 | 23,000 | 2.3 | ||||||||||
PRTASCO | 6,100 | 5,094 | 0.835 | ||||||||||
FABER | 4,510 | 3,991 | 0.885 | ||||||||||
MPI | 4,000 | 28,800 | 7.2 | ||||||||||
COMMERZ | 3,000 | 24,750 | 8.25 | ||||||||||
PARAMON | 3,000 | 6,660 | 2.22 | ||||||||||
APLAND | 1,467 | 455 | 0.31 | ||||||||||
TEBRAU | 1,333 | 680 | 0.51 |