Market News - 12 Nov 2009

·         Wall St up 0.4%. Prospect in regional markets is likely to improve following the strong economic data from China, and Japan. China industrial production rose 16.1% annual in October, with exports improving in October, down 13.8%, compared to Sept’s 15.2% drop. Japan machinery orders rose 10.5% in Sep, exceeding estimate of 4.5%. This weekend APEC meeting Singapore is likely to continue stimulus package. Commodities gained, and dollar eased.

·         Dow of 10,291. Resistances at 10,300, 10,500, 10,800

·         Dollar unchanged at 89.9 yen.

·         Crude oil unchanged at USD79, targeting USD84

·         Gold continues to rise to USD1,114. Targeting USD1137

·         Ringgit of 3.38, is stronger. Upside is at 3.36

·         S’pore ringgit is firmer at 2.442. With a pullback support at 2.42, the long term upside is at 2.52

·         Malaysia market closed lower at 1270. Upside is at 1281, 1294. Support is 1268 price gap.

·         CPO Dec futures of RM2220, on support at RM2100 price gap, is targeting the price gap of RM2340 of 1/9/09.

·         Today’s trading range is between 1265 and 1275.

 

Opportunities in Equities & Future Market - Kuala Lumpur

CIMB are pleased to announce that there will be two FREE seminars in Kuala Lumpur organized by CIMB Investment Bank Berhad and Grandpine Capitalexclusively for all i*Trade@CIMB customers.

 

1.       Technical Analysis on Equities & Futures Market (English)

 

·         Regional and Malaysian equities and futures market outlook

·         Which will be the next “hot” industry?

·         How to pick up the most profitable counter?

·         How to adopt Value Investment Strategy in your investment?

·         Money management and investment strategies in the uncertain market environment

·         Trading tips on equities and futures market

 

Speaker	Mr. Chen J.S. Grandpine Capital
Date	14th November 2009 (Saturday)
Time	9.00 am – 12.30 pm
Venue	CIMB Auditorium   Ground Floor, Bangunan CIMB Jalan Semantan Damansara Heights 50490 Kuala Lumpur
Registration	itrade_events@cimb.com 03-2084 9890   by 13th November 2009 (Friday)

 

2.       Explore the Opportunities in the China Market & H Shares in Hong Kong (Mandarin)

 

·         Potential gains from China’s coal and non-ferrous metal shares

·         Rapid changes and opportunities in China’s property prices

·         How global new energy development affects the future development in China’s market

·         Investment opportunities from the launch of China’s Growth Enterprise Market (GEM)

·         Potential and predictable returns from China ‘Block-Style’ capital economy

 

Speaker	Mr. Lee Yon Onn Grandpine Capital
Date	14th November 2009 (Saturday)
Time	2.00 pm – 6.00 pm
Venue	Auditorium   Nanyang Siang Pau Petaling Jaya Selangor
Registration	03-7727 0671 012-288 4727 (SMS)   by 13th November 2009 (Friday)

 

Please note that the registration is on a first-come-first-serve basis.

 

Market News - 11 Nov 2009

·         Wall St up 0.2%. Markets have quietened after the strong upkick on Monday. Commodities and dollar unchanged.

·         Dow of 10,246. Resistances at 10,300, 10,500, 10,800

·         Dollar unchanged at 89.9 yen.

·         Crude oil unchanged at USD79, targeting USD84

·         Gold is at USD1,102. Targeting USD1137

·         Ringgit of 3.38, is stronger. Upside is at 3.36

·         S’pore ringgit is on a small pullback to 2.437. With a pullback support at 2.42, the long term upside is at 2.52

·         Malaysia market closed higher at 1273. Upside is at 1281, 1294. Support is 1268 price gap.

·         CPO Dec futures of RM2244, on support at RM2100 price gap, is targeting the price gap of RM2340 of 1/9/09.

 

Market News - 10 Nov 2009

·  Wall St up 2%, taking cue from weekend’s G-20 finance ministers meeting to maintain stimulus package. Commodities gained. Dollar dived.

·  Dow of 10,226, with 10,300 resistance

·  Dollar weakens to 89.9 yen.

·  Crude oil is higher at USD79, targeting USD84

·  Gold is higher at USD1,102. Targeting USD1137

·  Ringgit of 3.38, is stronger. Upside is at 3.36

·  S’pore ringgit is on a small pullback to 2.437. With a pullback support at 2.42, the long term upside is at 2.52

·  Malaysia market closed higher at 1267. Upside is at 1278. Support is 1257 price gap.

·  CPO Dec futures of RM2210, on support at RM2100 price gap, is targeting the price gap of RM2340 of 1/9/09.

·  Today’s trading range is between 1264 and 1278

 

Market News - 09 Nov 2009

·  Wall St up 0.17%, on the unemployment probably at its worst. US unemployment, rose to 10.2% in October, a 26 year high. Safe haven in gold, yen. Sold off in oil and dollar.

·  Dow of 10,023, with 10,300 resistance

·  Dollar is down against yen at 90.0 yen.

·  Crude oil is down to USD77, targeting USD84

·  Gold is higher at USD1,096. Targeting USD1137

·  Ringgit of 3.405, is stronger. Upside is at 3.8

·  S’pore ringgit is firmer at 2.445. With a pullback support at 2.42, the long term upside is at 2.52

·  Malaysia market closed higher at 1260. Upside is at 1268. Support is 1257.

·  CPO Dec futures of RM2215, on support at RM2100 price gap, is targeting the price gap of RM2340 of 1/9/09.

·  Today’s trading range is between 1257 and 1268.