Market News - 15 June 2009

U.S. and European Market Roundup

• The DJIA up 28.34 points to 8,799.26 points.
• Dow moved into positive territory for the year for the first time since early January on Friday, lifted by defensive sectors like pharmaceuticals while a disappointing outlook from National Semiconductor weighed on technology stocks.
• European shares fell on Friday, snapping a three-day winning streak, as softer commodity prices weighed on energy and mining stocks, though demand for pharmaceuticals offered support.

Macro and Corporate New

• Malaysia Airlines (MAS) has posted its first quarterly net loss in over two years, mainly due to fuel hedging losses.

FKLI Technial Analysis - 11 June 2009

FKLI closed 5 points lower after rally @ 1083.50.

Bollinger band width begin to contract with candle still maintain above middle BB. RSI sits @ 67.

Resistance @ 1093, 1096

Support @ 1086.5, 1081

HAPPY TRADING!

Market News - 12 June 2009

U.S. and European Market Roundup

• The DJIA up 31.90 points to 8,770.92 points.
• U.S stocks racked up gains across a wide array of sectors on Thursday, aided by rising commodity prices and improving labor market conditions, along with a sharp drop in interest rates.
• European equities ended at their highest close in five months on Thursday, propelled by buoyant banking stocks, as U.S macro data showing the recession was abating helped shares extend their sharp three-month rally.

Macro and Corporate New

• SapuraCrest Petroleum, the oil and gas arm of Sapura Group, is bidding for some RM5 bln worth of contracts, of which more than half comes from within the region.
• Johor Land (JLand) has achieved an acceptance level of 93.83% for its shareholders’ proposed voluntary takeover of the company for RM90 mln.

Technical Analysis Training Program @ Penang - 14 June 2009

CIMB are pleased to announce that there will be a FREE preview entitled Technical Analysis Training Program organised by ChartNexus Pte Ltd and supported by CIMB Investment Bank Berhad in Penang.

In this seminar, Mr William from ChartNexus will share his view on the local market outlook. Mr William has an extensive analytical skill and writes regularly on the regional market outlook. He is a core member of the ChartNexus Team of Trainers in Malaysia and has trained thousands of investors in his training sessions. William is also a key figure in the after-course support program leading charges such as graduate gatherings. 

Details:

Date	14th June 2009 (Sunday)
Time	9.30 am – 11.30 am
Venue	Function Hall 2   Gurney Hotel, Penang

 

Don’t miss this seminar to learn more about the investment opportunities in the current market trend.

Please register at http://www.chartnexus.com/events/details.php?eid=2586 by 12^th June 2009 (Friday).

Registration is on a first-come-first-serve basis.

 

Market News - 10 June 2009

U.S. and European Market Roundup 

·  The DJIA down 1.43 points to 8,763.06 points.

·  U.S stocks ended a quiet day mostly higher Tuesday as traders bought commodities and technology stocks.

·  Elsewhere, Europe stocks pared losses in the early trade after German industrial production fell unexpectedly by 1.9% month-on-month in April, hit by a sharp fall in capital goods output, the Economy Ministry said.

  

Macro and Corporate New

·  DIGI Telecommunications Sdn Bhd, a unit of DiGi.Com, launched its latest promotion yesterday as it seeks to win more customers from big corporate clients.