FW: Market News - 30 Nov 2009

Wall St down 1.5%, reacting to the news of debt rescheduling of some USD60bln owed by Dubai World and Nakheel. Concern over Dubai threat to US banks was mitigated by the cheer that the first day after Thanksgiving was greeted by shoppers that came in droves. Dollar gained slightly. Commodities eased on profit taking.

 

• Dow is at 10,309. Support is at 10,171. Resistances at 10,723, 11,000
• Dollar is drifting downwards to 86.8 yen. Support is at 86.3
• Euro/dollar is lower at 1.498. Longer term upside is at 1.53
• Crude oil is lower at USD76.
• Gold eased to USD1176 from USD1200, on technical correction. Strong resistance is at the USD1201-1209 region.
• Ringgit is slightly firmer at 3.38. With support at 3.45, it is on a long term upside of 3.34.
• S’pore ringgit is firmer at 2.448. With a pullback support at 2.42, the long term upside is at 2.52.
• Malaysia market closed lower at 1270. With strong support at 1262, it is targeting yearend 1292, and 1300.
• CPO Dec futures is RM2455, with support at RM2335. Upside remains at RM2500.
• Today’s trading range is between 1266 and 1274.

 

2010 Stock Market Outlook KL - 06 Dec 2009

CIMB are pleased to announce that there will be a public seminar on 2010 Stock Market Outlook organised by Market Wizard Enterprise, supported by CIMB Investment Bank Berhad exclusively to alli*Trade@CIMB customers.

 

This seminar will be conducted in Mandarin by two reputable speakers. The profiles of the speakers are as follows:

 

·  Mr. Raphael Kok, founder of Market Wizards Enterprise, renowned Stock Columnist and popular speaker.

 

·  Mr. Justin Law, futures trader and commissioned futures broker representative and stock columnist.

 

Seminar details:

 

Date	6th Dec 2009 (Sunday)
Time	9.00 am – 11.30 am (Registration starts at 8.30am)
Venue	Kristal Ballroom 1 Hilton Hotel Petaling Jaya

 

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

 

For registration, please contact us at 03-2092 2516 or 012-317 8834 not later than 1^st Dec 2009 (Tuesday). Registration and FREE SEATS are on a first-come-first-serve basis.

 

Visit www.MarketWizardsEnt.com to find out more about the seminar.

 

Market News - 26 Nov 2009

Wall St up 0.3%, on a plethora of good figures. With the exception of Oct. durable goods down 0.6%,  weekly jobless claims had a bigger than expected drop to 466,000; new home sales rose to 430,000 annual units   in Oct; and personal income up 0.25, with personal spending on a surprise rise to 0.7% in Oct . Dollar continues to weaken. Commodities up. Markets will be closed for Thanksgiving on Thursday, and a shortened Friday trading. On the local market, Friday is also a holiday.

 

• Dow is at 10,464. Support is at 10,171. Resistances at 10,723, 11,000
• Dollar is drifting downwards to 88.1 yen. It should not breach the 88.01 low, which will pull it down to 87.0, and 86.4 yen
• Euro/dollar is higher at 1.51. Longer term upside is at 1.53
• Crude oil is higher at USD78.
• Gold has hit the USD1188 target.
• Ringgit is slightly firmer at 3.37. With support at 3.45, it is on a long term upside of 3.34.
• 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 higher at 1272. With strong support at 1268, it is targeting yearend 1292, and 1300.
• CPO Dec futures is RM2455, with support at RM2335. Upside remains at RM2500.
• Today’s trading range is between 1268 and 1274.

 

ETF & CIMBInvest Walkthrough Seminar - KL (05 Dec 2009)

CIMB are pleased to announce that there will be a FREE workshop organised by Daiwa Asset Management Co. Ltd. and supported by CIMB Investment Bank Berhad exclusively for all i*Trade@CIMB customers.

 

Mr Kyu II Oh from Daiwa Asset Management (Singapore) Ltd, will share the Overview of the Exchange Traded Fund and also Daiwa FTSE Shariah Japan 100, the First Shariah Compliant ETF listed on SGX.

 

Mr Atsushi Tahara from Daiwa Asset Management Co. Ltd, will cover the outlook on the Japanese equity market.

 

Mr Lim Chee Kiong from CIMB-GK Securities Pte. Ltd, will demonstrate the features of CIMBinvest, the online cross border share trading platform to trade in the Non-Ringgit markets which include the Singapore Stock Exchange (SGX), Hong Kong Stock Exchange (HKSE), New York Stock Exchange (NYSE), NASDAQ and American Stock Exchange (AMEX).

 

Workshop Details:

 

Date	5th December 2009 (Saturday)
Programme	9.00am – Registration   9.30am – Introduction to ETFs   10.00am – Outlook on Japanese Equity Market   10.45am – Tea Break   11.00am – Daiwa FTSE Shariah Japan 100   11.20am – CIMBinvest (Cross Border) Online Trading Platform Walkthrough   12.50pm – Q&A   1.00pm – Refreshment
Venue	CIMB Auditorium Ground Floor Bangunan CIMB Jalan Semantan Damansara Heights Kuala Lumpur

 

Don’t miss this OPPORTUNITY to learn about the investment opportunities in the current market condition.

 

For registration, please email us at itrade_events@cimb.com or call i*Trade@CIMB Call Centre at 03-2084 9890 not later than 3^rd November 2009 (Thursday). Registration is on a first-come-first-serve basis.

 

Market News - 25 Nov 2009

Wall St down 0.16%, on mixed economic figures. While the 3Q’2009 GDP was revised downwards to 2.8% from 3.5%, Consumer confidence index rose to 49.5 in Nov, up from Oct’s  48.7, and home prices rose 0.3% in Sept from Aug. Dollar was also mixed. So then, it was due more so to the shortened week of Thanksgiving on Thursday, and a shortened Friday trading. On the local market, BNM maintains OPR at the low 2%.

 

• Dow is at 10,433. Support is at 10,171. Resistances at 10,723, 11,000
• Dollar is drifting downwards to 88.6 yen. It should not breach the 88.01 low.
• Euro/dollar is unchanged at 1.496. Longer term upside is at 1.53
• Crude oil is slightly lower at USD76.
• Focus is on gold, rising to USD1166. Some resistance at USD1174.
• Ringgit weakened to 3.38, ahead of BNM’s OPR meeting, which continues to maintain the OPR rate at the low 2%. Ringgit is on a small correction to 3.45. Long term upside remains at 3.34.
• 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 higher at 1272. With strong support at 1268, it is targeting yearend 1292, and 1300.
• CPO Dec futures eased to RM2417, with support at RM2335. Upside remains at RM2500.
• Today’s trading range is between 1270 and 1276.