5:30 pm - KLCI closes on the year high at 1445.03

If 2 Jan 2008 closes on the down bar, KLCI will experience weakness and sideway movements. Let's see what happen on Wednesday.

4:51 pm - FKLI selldown on the last 30 minutes of the year 2007

FKLI exhibits the same pattern as last year at 30 Dec 2006. It selldown at the last 30 mins of the year.

Let's see if there is a last min buying on FKLI and KLCI.

5:42 pm - KLCI closed all time high 1447.04

This is all time high since KLSE opened back in 1975.

5:33 pm - All plantation theme stocks like IOI Corp, Kretam, PPB are having 18 L/C

Also UMW also broke into new high by last min buying by insiders to go RM 15.60.

Check them out.

Remember my earlier blog on Dec 13, 2007, Malaysia fund managers are looking to buy into the last week of year 2007 and earlier week of 2008.

12:47 pm - KNM hits new high & 18 L/C

10:22 am - Big players are buying more of IOI Corp

10:07 am - A look at Sime Darby today

As our KLCI is now more correlation to crude palm oil due to heavy weightage of Sime into KLCI. No wonder our KLCI is bucketing the trend of the regional market.

9:56 am - UMW proposing 1-2 stock splits

This explained why UMW Holdings is going to have a 18 L/C.

9:37 am - Kretam is moving up nicely. Catch this now !

5:54 pm - Malaysian shares close higher in thin trade led by palm oil stocks

Malaysian shares close higher in thin trade led by palm oil stocks - UPDATE (Updating with analyst comment, share prices) KUALA LUMPUR (Thomson Financial) - Malaysian shares closed higher Thursday led by palm oil stocks as the price of crude palm oil (CPO) reached another historical high, but volume was thin as most traders were still away on holiday. The Kuala Lumpur Composite Index (KLCI) was up 13.8 points or 1 percent at 1,437.82. The FTSE Bursa Malaysia 30-large cap index gained 95.67 points or 1 percent to 9,309.73 while the FTSE Bursa Malaysia second board index fell 13.53 points or 0.2 percent to 6,695.35. The plantation sector sub-index rose 165.07 or 2.1 percent to 7,977.51. Advancers led gainers 478 to 345, with 339 stocks unchanged and 192 counters untraded. Trading volume was 839.78 million shares, valued at 1.45 billion ringgit. The benchmark index was lifted by gains in major palm oil stocks like Sime Darby and IOI Corp after CPO futures traded to another all-time high, said Stephen Soo, analyst at TA Securities. On the Malaysian derivatives exchange, the benchmark CPO contract for March delivery was last at 3,094 ringgit per metric ton, up 14 ringgit. It earlier traded to an all-time high of 3,150 ringgit on concern severe flooding in major palm oil-producing states will cut output. The KLCI could breach its previous intraday high of 1,449.7 points in the final trading days of the year on last minute window-dressing, said Soo. "I think we can expect a new year rally next month when traders return from their year-end holidays," said Soo. Sime Darby, the world's largest listed palm oil company by planted area, jumped 30 sen or 2.6 percent to 11.70 ringgit. IOI Corp, the second largest palm oil stock on the local bourse by market value, rose 20 sen or 2.7 percent to 7.70 ringgit and Kuala Lumpur Kepong, which owns oil palm estates in Malaysia and Indonesia, gained 30 sen or 1.8 percent to 17.00 ringgit. High CPO prices will translate into strong earnings for palm oil producers. "CPO prices are at record levels owing to anticipated decline in global edible oil stock next year. We believe the upcycle in CPO prices will be extended for another year at least," said Alvin Tai, analyst at OSK Investment. Among other index heavyweights, Maybank, Malaysia's largest bank, added 10 sen or 0.9 percent to 11.90 ringgit, state-held Telekom Malaysia was unchanged at 11.30 ringgit while national power supplier fell 5 sen or 0.5 percent to 9.55 ringgit. DiGi.com, the local unit of Norway's Telenor, jumped 60 sen or 2.5 percent to 24.60 ringgit. At the close, the Malaysian ringgit was quoted at 3.3350/3400 against the US dollar. Three-month interbank rates were at 3.55/58 percent and the overnight rates were quoted at 3.47/50 percent.

5:45 pm - KLCI has broken its 61.8% retracement and going to test its last high 1449.7

Will it break ? We are at current 1437.82. We are only 12 pts (1449.7 - 1437.82) from the last high.

12:14 pm - Plantation based Kretam is having a 18 L/C

Look at this share. It is forming a nice base.

1:05 pm - TRC came into our 18 L/C filter few days ago.

Look at it go up trend.

11:04 am - KLCI finding resistance at 61.8% resistance

10:21 am - Hang Seng and Australia are closed today.

Our KLCI markets is going to be quiet due to many of the regional markets been closed.

Trading volume is going to be low.

4:58 pm - What happens after X'mas last year 2006 ? Window dressing by fund mgrs

let's take a look how the KLCI market fare after X'mas. The KLCI had a mini rally with a large buy up on 1st trading day of Jan 2007.

Volume is steady increasing during the last week of Dec 2006.

let's see if we going to see some window dressing on Wed Dec 26, 2007.

3:45 pm - KNM broke above 7.15 two days ago.

This is a nice swing trade.

12:14 pm - Foreign fund managers selling off AirAsia.

BMSB stated the following - Fidelity International Limited sold off AirAsia shares on 17 & 18 Dec 2007.

This happens just after the crossdown of 200 MA. Becareful of shares when it goes below the 200 MA.

9:05 pm - Chart of the Week - IOI Corp

I believe there are some volume building up and big players are interested in IOI Corp.

Crude oil is edging higher and palm oil production was lower due to flooding in the south & east M'sia.

Check out the earlier blog that I have written.

8:51 pm - Last week Chart of the Week : VADS really flew off the chart.

Let's see if it can continue for next week. Tradeguider did pick it up too before it ran off.

Here is a chart from Tradeguider.

8:36 pm - Malaysian shares close higher in thin trade led by blue chips

- UPDATE KUALA LUMPUR (Thomson Financial) - Malaysian shares closed higher Friday supported by gains in key blue chips, but volumes were thin as most traders have begun their holiday break ahead of the weekend and Christmas Day. The Malaysian stock exchange will be closed on Tuesday for the Christmas holiday. The Kuala Lumpur Composite Index (KLCI) closed up 16.35 points or 1.2 percent at 1,403.56, little changed from last Friday's closing level of 1,403.41. The FTSE Bursa Malaysia 30-large cap rose 115.92 points or 1.3 percent to 9,065.06 and the FTSE Bursa Malaysia second board index added 17.01 points or 0.3 percent to 6,652.08. Advancers outnumbered decliners 472 to 344, with 293 stocks unchanged and 240 counters untraded. Trading volume was 636.24 million shares valued at 1.4 billion ringgit. Investor confidence has somewhat improved after major central banks implemented a rescue plan aimed at easing the global credit crunch, said Ang Kok Heng, chief investment officer of Phillip Capital Management. He was referring to the European Central Bank's injection of 500 billion US dollars into the financial system earlier this week. "Going forward, we will still have to look at the developments in the US credit market," said Ang. "I don't expect things will turn out to be very ugly as the concerted effort by major central banks around the globe will serve as a liquidity buffer against a global credit squeeze." The local market may trade higher next week on year-end window dressing activity by fund managers, said Pong Teng Siew, head of research at MIMB Investment Bank. "However, given that 2007 has been a very good year, with the KLCI gaining more than 30 percent compared to the same time last year, I don't think fund managers will embark on any ambitious window-dressing," said Pong. Palm oil producer Kuala Lumpur Kepong led the advance, rising 50 sen or 3.2 percent to 16.20 ringgit. Sime Darby, the world's largest listed palm oil company by planted area, rose 20 sen or 1.8 percent to 11.20 ringgit. Among other index heavyweights, Telekom Malaysia advanced 10 sen or 0.9 percent to 11.20 ringgit, national power supplier Tenaga rose 25 sen or 2.7 percent to 9.55 ringgit and Maybank, Malaysia's largest bank, was up 10 sen or 0.9 percent at 11.60 ringgit. IJM Corp jumped 35 sen or 4.3 percent to 8.55 ringgit after the construction group said it plans to make a cash repayment of 50 sen per share. Gamuda gained 32 sen or 7.3 percent to 4.72 ringgit. The builder is the contractor for the 12.5 billion ringgit double-tracking project linking Malaysia and Thailand. State-controlled UEM World rose 10 sen or 2.7 percent to 3.84 ringgit and its construction arm, UEM Builder, advanced 2 sen or 1.8 percent to 1.15 ringgit. On Wednesday, UEM Land, the property arm of UEM World, said it has teamed up with Limitless Holdings to develop a residential project in the southern state of Johor. Limitless is a unit of Dubai World, an investment company owned by the Dubai government. At the close, the Malaysian ringgit was quoted at 3.3470/3520 against the US dollar. Three-month interbank rates were quoted at 3.58/61 percent and the overnight rates were quoted at 3.48/50 percent.

11:23 am - Election fever and mini rally to March 2008 ???

Election is generally held on school holiday. So the next year school holiday break is from March 8 to March 16.


Prediction : March 3, 2008

10:02 am - IOI Corp acquired by Progressive Holdings S.B

If we see a series of test around RM 7.05 - RM 7.10 then watch this counter.

According to changes in shareholdings in BMSB. Progressive Holdings S.B bought almost 3 mil units of IOI Corp. from 13 - 18 Dec 2007.

9:55 am - VADS is having another 18 L/C.

Volume is not fantanstic but ok !

5:30 : Wish you a Happy Hari Raya Haji for our Muslim investors & traders !

10:02 am - VADS is progressing well.

Let's see how high can it go !

9:35 am - CI Futures had a change of guard i.e. a reversal

Yesterday FKLI had a reversal, are we seeing a reversal for KLCI ?

Note: FKLI i.e. the futures market is the leading indicator for KLCI.

The high of today has taken out the high of yesterday.

KLCI retraced to 61.8% - normal retracement.

5:35 pm - Biz Week today had a trading buy for KNM Group

Interesting, STAR Biz had a trading buy at RM7.05 as at Dec 13.

Remember only buy KNM is break above RM 7.15 based on chart.

Chart of the Week : VADS showing 18 L/C

Volume for VADS is building up a bit. Nice little blue chips companies. Worthwhile to take a look.

10:21 am : Fund managers in Msia

Media wud release news that all fund managers are on leave due to holidays and trading volume is going to be low.

Hari Raya Haji holiday on Thursday, 20 Dec 2007. X'mas holiday on Tuesday, 25 Dec 2007.

If you are going to buy and accumulate good quality shares, better do it in the week of the holidays mood.

Fund Managers that had collected all their monies during the last few months and get ready to buy on first trading of the year in January 2008.

Let's see if this is true for 1st of trading Wed, 2 Jan 2008 ?

10:03 am - KNM has a change of guard yesterday and buy confirmation today.

Chk out the stock today. If break RM7.15 and above, can buy.