03rd April 2013 - Dissolve for GE13 today?

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

..traders play..maybe... can keep a watch out surely easy to spot

i miss DO punya -HA

hurm not many put's around

1130am lai liaow, wait him announce

confirmed

Bubar!

market start buying back

index climbing back.....

peanut wrote:index climbing back.....

ooopppssss

out of sudden, many stocks look like discounted.

DRB is the lagging one..
CQ - 0.06 is good i think

nitezshiro wrote:out of sudden, many stocks look like discounted.

DRB is the lagging one..
CQ - 0.06 is good i think

am looking at CU....

maybank-cw 0.08 is good too.

wat u guys think about second session....

peanut wrote:wat u guys think about second session....

flat n nthg much
this morning the best part shd b over...........

i may be wrong though

time to vote first wo....

zerorised all positions since last week ....

Cals wrote:

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

..traders play..maybe... can keep a watch out surely easy to spot

puncak was the star

close of session

yoyo market cap and buy rate, check transaction also

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top winner vs loser

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ace
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warrant
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Market Close KLCI flat after 53-point plunge on Parliament dissolution
Business & Markets 2013
Written by Chong Jin Hun and Surin Murugiah of theedgemalaysia.com
Wednesday, 03 April 2013 17:24


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KUALA LUMPUR (Apr 3): The FBM KLCI tumbled as much 3.1% on news that the Parliament was dissolved today to make way for the 13th general election (GE), but it finished flat at close.

At 5pm, the KLCI eked out a 0.4-point gain to 1,685.40 as gains in selected blue-chip shares like CIMB Group Holdings Bhd, DIGI.COM BHD [], and BRITISH AMERICAN TOBACCO (M) [] Bhd (BAT) helped the 30-stock index’s rebound.

The KLCI had earlier reached an intraday high of 1,692.85 at 9.30am, before tumbling as much as 52.72 points to a low of 1,632.28 at 10.14am.

Across Bursa Malaysia, 1.35 billion shares worth RM2.89 billion changed hands. There were 237 gainers versus 585 decliners.

The top gainer was BAT while ORIENTAL HOLDINGS BHD [] led decliners. The most-active stock was IRM GROUP BHD [].

Affin Investment Bank Bhd head of retail research Dr Nazri Khan said the research firm's pre-election assessment shows that investors tend to be risk averse, prompting them to sell down politically-linked cyclical stocks.

In an email reply to the theedgemalaysia.com, Nazri said investors will instead buy defensive and politically-neutral entities in the banking, telecommunication, consumer and real estate investment trust sectors.

"We do believe any market sell down due to political shock is temporary and will normalise within 3 months after GE. As such, investors with longer term investment horizon should capitalise and buy on weakness cyclical stocks within the oil and gas, PROPERTIES [], CONSTRUCTION [] and PLANTATION [] sectors which are likely to be re-rated post 13GE in second half 2013.

"In summary, despite temporary weakness, we believe the dissolution of Parliament and the upcoming 13th GE should be a positive catalyst to rejuvenate Malaysia's underperforming stock market, reaffirm political stability, reduce market risk premium and ultimately push the local stocks price higher over the medium term," Nazri said.

Meanwhile, another analyst said trading in the KLCI are expected to be "choppy" until polling day, the date of which will be announced by the Election Commission.

Hence, it is hard to gauge how the benchmark will perform in the following weeks ahead of the election, the analyst said.

"It is hard to tell," the analyst said over telephone.

The Parliament was dissolved today to pave way for the country's 13th GE, Prime Minister Datuk Seri Najib Tun Razak.

Najib who spoke during a live-telecast from Putrajaya this morning, said he had earlier today met the Yang di-Pertuan Agong, Tuanku Abdul Halim Mu'adzam Shah, at the Istana Negara to seek the latter's consent for the dissolution of Parliament.

Najib said the King has approved the dissolution.

Ruling coalition Barisan Nasional lost its two-thirds parliamentary majority for the first time in the 2008 elections and faces a confident three-party opposition alliance led by former deputy prime minister Datuk Seri Anwar Ibrahim in this coming tightly-contested race.

Across Asian markets, Japan’s Nikkei 225 jumped 3% while Hong Kong's Hang Seng fell 0.14%. Singapore's Straits Times gained 0.13%.

Reuters reported that Asian shares fell on Wednesday as investors waited for news on the U.S. economy, while Japanese stocks rose and the dollar recovered against the yen on expectations of forceful monetary easing emerging from this week's Bank of Japan policy meeting.

The MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent, turning negative after Australian shares wiped earlier gains to slip 0.6 percent with weakness in commodity prices weighing on mining and energy stocks.