Free Seminar: Mid Term 2009 Review & Outlook

Time flies and it has been an eventful 6 months. The KLCI has gone up by more than 30% from a low of 840 points on 17 March 2009 to a high of 1,096 points on 15 June 2009, and now appears to be consolidating. What's Next? Is it going to be a recovery or a slum? Is it going to be V-Shape, L-Shape or U- Shape recovery? What are the sectors to be investing? On stocks specific, what are the stocks to put on your watch list? These are the key questions that will be addressed at our MARKET CHAT: Mid Term 2009 Review and Outlook event.

This Event is FREE and will be held on 18 July 2009 at the Auditorium, SIME DARBY CONVENTION CENTER.

REGISTER NOW. Please call Mr Melvin at 03-20341888 Ext 2206, your appointed dealer or send an email to servicecenter@jssb.com.my. Bring your friends along.

Wishing you success in life and a rewarding experience in trading online with Jupiter

FKLI closed 17 points lower @ 1057 due to no lead from DJ (closed on Friday for Independent Day) and weak Asian market.

FKLI candle begin to move below middle BB band with BB width begin to expand. Once BB expanding further and candle below middle BB, this is a sign for further downside for FKLI. MACD also in bearish mode moving south heading to zero line.

1000 become the critical psycholigical support for FKLI within this short term. As long as 1000 not broken it shall be a correction wave before the next jump.

HAPPY TRADING!

Market News - 07 Jul 09

U.S. and European Market Roundup

• The DJIA up 44.13 points to 8,324.87points.
• The Dow rose and the S&P 500 rebounded in late trading on Monday as investors' concerns about the strength of an economic recovery triggered a move into defensive stocks.
• European shares fell for the third straight session on Monday on renewed worries about the sustainability of economic recovery foreseen in recent sentiment surveys on both sides of the Atlantic and in China.

Macro and Corporate New

• LTKM, a poultry company, plans to invest RM15 mln to set up a glass processing plant in Klang, Selangor, to diversify its income base.
• UMW Holdings said a client, PCPP Operating Co Sdn Bhd, has terminated a RM601.8 mln contract for its Naga 2 jack-up drilling rig.

FKLI Technial Analysis - 01 Jul 2009

FKLI traded higher on 01 Jul 2009 disregards of cash market which is traded lower in the morning but picking up in the afternoon. FKLI closed 4 points @ 1083 with 8,375 contracts transacted.

Bollinger band remain consistant wth candle closed above middle BB. MACD forming golden cross, RSI begin moving norht @ 59.8. Most of the indicator suggesting that further uptrend is possible for FKLI depending on participation/volume involved.

Support @ 1080, 1072, 1046 while resistance @ 1098.

HAPPY TRADING!

Market News - 01 Jul 2009

U.S. and European Market Roundup

• The DJIA down 82.38 points to 8,438.39 points.
• U.S stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade.
• European shares fell on Tuesday, led lower by banks and energy companies, after U.S consumer confidence readings proved weaker than expected.

Macro and Corporate New

• AirAsia is looking at raising about RM500 mln by placing out up to a fifth of its shares to private investors to pay off some debt, says its CEO.
• AMMB Holdings is considering plans to raise about RM400 mln in innovative Tier-1 capital, or the most liquid capital, for the commercial and Islamic bank in the next few months, a top official said.