03rd April 2013 - Dissolve for GE13 today?

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oiks

Market Open KLCI extends gains, Genting, Tenaga, CIMB lift
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Wednesday, 03 April 2013 09:04


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KUALA LUMPUR (April 3): The FBM KLCI extended its gains in early trade on Wednesday, lifted including by Genting, Tenaga and CIMB.

At 9.02am, the FBM KLCI rose 4.78 points to 1,689.78.

Gainers led losers by 92 to 28, while 110 counters traded unchanged. Volume was 22.96 million shares valued at RM31.14 million.

The top gainers included Lafarge Malayan Cement, Genting, HLFG, BAT, Tenaga, CIMB, MISC, AmBank and MAHB.

BIMB Securities Research in a market preview Wednesday said easing concerns on Eurozone debt crisis had injected more optimism amongst investors.

It said that in addition, improving US economic data saw Wall Street higher with the Dow Jones Industrial Average up 89 points to 14,662.

Now that Cyprus’ bailout is almost at its conclusion by the granting of an extra 2 years to implement the conditions set, European bourses also showed a sigh of relief with all round improvements, said BIMB Securities.

As for the Asian markets, it was broadly higher on the back of the higher opening in Europe, it said.

The research house said that locally, the FBM KLCI was up by an impressive 17 points to 1,685.0 predominantly driven up by the prevailing high liquidity.

“We do not see any basis for such buying exuberance on the local bourse as both earnings growth and market valuations remain unexciting. Then again, we may be playing catch-up as we are still lagging behind the others in term of YTD performance.

“One would expect profit taking to emerge if the index edge closer to the 1,700 level. Immediate support is seen at the 1,680 level,” it said.

Meanwhile, Asian shares were effectively flat in Wednesday morning trade, cautiously marking time before key U.S. jobs data and news from central bank policy meetings in Japan and Europe later in the week, according to Reuters.

The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, helped by a 0.3 percent rise in Australian shares and as the Standard & Poor's 500 Index neared its all-time high the previous session, it said.

even parliament dissolve trend is up....
so watch the mkt lor
and be very careful

+1 pak cals "pua pi liow" need to eat med and get some rest.. u guys have fun watching and take care

KLCI heading south ... care all

morning

selamat pagi

Index down Fast

Hello all,
Parliment dissolvement looks like true,

Heading down.

down down down

btw sudah announce ke?

-45.

s#@& man

lariiiiiiiii.........somesay by 11am mau announce.....

hope u guys are all in cash

dissolve parliment sudah macam ini
pakatan menang lagi die.. haha

but for long term, pakatan should do well.

Cals wrote:hope u guys are all in cash

in cash

lariiiiiii......kuat2 lariiiiiiii

nitezshiro wrote:dissolve parliment sudah macam ini
pakatan menang lagi die.. haha

but for long term, pakatan should do well.

ya! we vote for long term
need some cleaning

JF wrote:

Cals wrote:hope u guys are all in cash

in cash

peanut wrote:lariiiiiii......kuat2 lariiiiiiii

-33 siaow =

nitezshiro wrote:dissolve parliment sudah macam ini
pakatan menang lagi die.. haha

but for long term, pakatan should do well.

JF wrote:

Cals wrote:hope u guys are all in cash

in cash

good one, fish only when the dust really settle... in meantime spend some time with family , do homework, read a bit and take some picks and look at some pictures

maxis so green

now klci like this, usually there will be a stock to be goreng-ed.

IRMGRP