NEW YORK: US stocks rose on Monday, Dec 28, sending indexes to fresh closing highs for 2009, as optimism about the economic recovery lifted shares of TECHNOLOGY [], energy and industrial companies, offsetting a drop in airline shares amid security worries, according to Reuters.
Investors were also optimistic that the year-end holiday shopping season could prove stronger than initially expected.
Trading was choppy, with most market participants away on vacation. Indexes see-sawed for most the day, but then mounted a late advance to end in positive territory.
The Dow Jones industrial average rose 26.98 points, or 0.26%, to end unofficially at 10,547.08. The Standard & Poor's 500 Index added 1.30 points, or 0.12%, to 1,127.78. The Nasdaq Composite Index advanced 5.39 points, or 0.24%, to close unofficially at 2,291.08.
Both the Dow and the S&P 500 marked their highest closes in 14 months, and the Nasdaq notched its highest close in 15 months.
Meanwhile, gold prices rose slightly on Monday, but trade was quiet as many investors stayed on the
sidelines with European and other major metals markets closed since late last week for Christmas.
A slightly weaker U.S. dollar prompted some bargain hunting in bullion, which had fallen to a seven-week low of US$1,074.10 last week due to a sharp rise of the dollar against the euro.
"It's the end of the year, and the gold market is expected to be quiet," said Leonard Kaplan, president of Illinois-based Prospector Asset Management.
However, Kaplan said he expected lower gold prices in early 2010 because of a resurgent dollar.
Spot gold was at US$1,105.65 an ounce as of 3:14 pm EST (2014 GMT), compared with US$1,103.80, the last quote in New York late on Thursday. It has risen more than 25 percent this year.
US gold futures for February delivery settled up US$3.10 at $1,107.90 an ounce on the COMEX division of the New York Mercantile Exchange. - Reuters
December 29, 2009
US equity, bond funds find Christmas stockings stuffed
KUALA LUMPUR: While much of the talk about 2010 centered on exit strategies for governments and central banks, investors were still arriving at the entrance during the penultimate week of 2009, according to EPFR Global.
In a report released on Monday, Dec 28, it said during the week ending Dec 23 EPFR Global-tracked equity and bond funds absorbed US$13.32 billion and US$4.03 billion respectively, with US Equity Funds, Global Equity Funds leading the equity funds and US and Global Bond Funds leading the fixed income categories.
“Exchange traded funds (ETFs) were at the center of this week’s activity,” noted EPFR Global Senior Analyst Cameron Brandt, “which is in keeping with the tendency at this time of year to take positions that “dress” the books for 2009 and keep the options for next year relatively open.”
The US Equity Fund inflows of US$11.1 billion for the week were the strongest since June, 2008 and helps to improve the record year to date net outflows of what is now US$69 billion from these funds (including funds reporting both weekly and monthly).
US Bond Funds absorbed another US$1.7 billion in the latest week, adding to their record inflow totals. The US bond fund inflows have been driven by the investor flows into Municipal Bond Funds, which have set records with nearly US$50 billion of inflows so far this year. The US$2 billion received by Global Bond Funds also extends their record yearly inflows.
Another week of inflows into Emerging Market Equity funds takes their record yearly inflow total to US$80.3 billion.
Flows out of Money Market Funds slowed appreciably, with outflows only a tenth of the previous week’s US$37 billion. But this fund group remains one of eight that seem likely to end 2009 with record outflows or inflows.
Emerging Market Equity Fund Flows
All Emerging Market Equity Funds took in about US$1.7 billion of net inflows in the week ending Dec 23, extending the year to date total.
Flows into the geographically diversified Global Emerging Markets (GEM) Equity Funds surged during the second to last week of the year as better data from the US economy and the US Federal Reserve’s decision to keep interest rates on hold bolstered the outlook for emerging market’s exporters.
GEM funds took in a net US$1.94 billion for the week – a nine-week high – as year-to-date inflows moved north of US$40 billion.
Asia ex-Japan Equity Funds also posted modest inflows of US$179 million for the week, with investors in this region rotating some exposure from smaller markets like Taiwan and Singapore to bigger ones such as China .
China Equity Funds took in another US$153 million, maintaining their record-setting pace, and dedicated BRIC Equity Funds also remain on track for a record setting year after absorbing another US$451 million.
Flows into EMEA Equity Funds were even more modest, totaling less than US$1 billion, as enthusiasm for Russia ’s commodities story was offset by concerns about the outlook for the Baltic and Central European economies.
Latin America Equity Funds, meanwhile, now look set to fall just short of their 2007 inflow record as Mexico ’s recent ratings downgrade continues to weigh on investor sentiment. Redemptions from this group totaled $136 million as they recorded their first two-week outflow streak since early July.
US, Global, Europe and Japan Equity Fund Flows
US Equity Funds took in a 79-week high of US$11.13 billion in late December as money poured into US Large Cap Equity Funds and US Financial Sector ETFs. Growth oriented funds outperformed Value funds across all capitalizations.
Some better housing and employment data and expectations of some positive surprises when the 4Q09 earnings season kicks off next month helped key US equity indexes climb to 14-month highs before Christmas.
Optimism about the world’s biggest economy did not spill over into funds investing in Japan and developed Europe . The former, despite a weaker currency that helped key export plays gain ground, posted modest outflows while investors pulled $830 million out of Europe Equity Funds with Germany Equity Fund ETFs accounting for around two-thirds of that total after manufacturing data for the region’s largest economy in November showed unexpected weakness.
Global Equity Funds one of the two major diversified fund groups that invest primarily to developed markets, continue to finish 2009 at a gallop. They took in another US$1.09 billion as YTD inflows climbed over the $18 million mark. Pacific Equity Funds posted outflows of $28 million for the week.
Sector Funds
Flows into EPFR Global-tracked Financial Sector Funds hit a YTD high of US$887 million during the week ending Dec. 24 as investors translated better US housing data into reduced pressure on many bank balance sheets. Real Estate Sector Funds also benefited, taking in US$171 million for the week, as did Consumer Sector Funds.
The more bullish attitude evident in the run up to Christmas was reflected in the flows into TECHNOLOGY [] and Commodity Sector Funds, which took in US$173 million and US$113 million respectively, with the latter’s latest inflow streak standing at 16 straight weeks.
With the Copenhagen Climate Summit ending without any dramatic new commitments, Utilities Sector Funds absorbed another US$76 million and Energy Sector Funds a modest US$33 million. Healthcare/Biotechnology Sector Funds took in fresh money for the sixth straight week as healthcare reform legislation finally emerged from the US Senate.
Bond and other Fixed Income Funds
EPFR Global-tracked US and Global Bond Funds maintained their strong showings, with the former maintaining their record of taking in fresh money every week YTD and the latter recording their 37th consecutive week of inflows. US Bond Funds absorbed US$1.67 billion for the week while Global Bond Funds took in US$2.03 billion.
Flows into US Inflation Protection Bond Funds hit a YTD high of US$412 million for the week but funds investing in short-term government and corporate debt had one of their slower weeks.
Despite a noticeable spike in risk appetite that saw the spread between US Treasuries and JP Morgan’s benchmark EMBI+ index drop back below the 300 basis points level, High Yield Bond Funds posted modest outflows of US$31 million for the week. But Emerging Markets Bond Funds took in another US$369 million, with funds investing in local currency debt to the fore, as YTD inflows for this fund group moved over the $8 billion mark.
Balanced Funds, which invest in both bonds and equities, took in another US$416 million.
Note: EPFR Global provides fund flows and asset allocation data to financial institutions around the world.
It tracks both traditional and alternative funds domiciled globally with US$12 trillion in total assets.
In a report released on Monday, Dec 28, it said during the week ending Dec 23 EPFR Global-tracked equity and bond funds absorbed US$13.32 billion and US$4.03 billion respectively, with US Equity Funds, Global Equity Funds leading the equity funds and US and Global Bond Funds leading the fixed income categories.
“Exchange traded funds (ETFs) were at the center of this week’s activity,” noted EPFR Global Senior Analyst Cameron Brandt, “which is in keeping with the tendency at this time of year to take positions that “dress” the books for 2009 and keep the options for next year relatively open.”
The US Equity Fund inflows of US$11.1 billion for the week were the strongest since June, 2008 and helps to improve the record year to date net outflows of what is now US$69 billion from these funds (including funds reporting both weekly and monthly).
US Bond Funds absorbed another US$1.7 billion in the latest week, adding to their record inflow totals. The US bond fund inflows have been driven by the investor flows into Municipal Bond Funds, which have set records with nearly US$50 billion of inflows so far this year. The US$2 billion received by Global Bond Funds also extends their record yearly inflows.
Another week of inflows into Emerging Market Equity funds takes their record yearly inflow total to US$80.3 billion.
Flows out of Money Market Funds slowed appreciably, with outflows only a tenth of the previous week’s US$37 billion. But this fund group remains one of eight that seem likely to end 2009 with record outflows or inflows.
Emerging Market Equity Fund Flows
All Emerging Market Equity Funds took in about US$1.7 billion of net inflows in the week ending Dec 23, extending the year to date total.
Flows into the geographically diversified Global Emerging Markets (GEM) Equity Funds surged during the second to last week of the year as better data from the US economy and the US Federal Reserve’s decision to keep interest rates on hold bolstered the outlook for emerging market’s exporters.
GEM funds took in a net US$1.94 billion for the week – a nine-week high – as year-to-date inflows moved north of US$40 billion.
Asia ex-Japan Equity Funds also posted modest inflows of US$179 million for the week, with investors in this region rotating some exposure from smaller markets like Taiwan and Singapore to bigger ones such as China .
China Equity Funds took in another US$153 million, maintaining their record-setting pace, and dedicated BRIC Equity Funds also remain on track for a record setting year after absorbing another US$451 million.
Flows into EMEA Equity Funds were even more modest, totaling less than US$1 billion, as enthusiasm for Russia ’s commodities story was offset by concerns about the outlook for the Baltic and Central European economies.
Latin America Equity Funds, meanwhile, now look set to fall just short of their 2007 inflow record as Mexico ’s recent ratings downgrade continues to weigh on investor sentiment. Redemptions from this group totaled $136 million as they recorded their first two-week outflow streak since early July.
US, Global, Europe and Japan Equity Fund Flows
US Equity Funds took in a 79-week high of US$11.13 billion in late December as money poured into US Large Cap Equity Funds and US Financial Sector ETFs. Growth oriented funds outperformed Value funds across all capitalizations.
Some better housing and employment data and expectations of some positive surprises when the 4Q09 earnings season kicks off next month helped key US equity indexes climb to 14-month highs before Christmas.
Optimism about the world’s biggest economy did not spill over into funds investing in Japan and developed Europe . The former, despite a weaker currency that helped key export plays gain ground, posted modest outflows while investors pulled $830 million out of Europe Equity Funds with Germany Equity Fund ETFs accounting for around two-thirds of that total after manufacturing data for the region’s largest economy in November showed unexpected weakness.
Global Equity Funds one of the two major diversified fund groups that invest primarily to developed markets, continue to finish 2009 at a gallop. They took in another US$1.09 billion as YTD inflows climbed over the $18 million mark. Pacific Equity Funds posted outflows of $28 million for the week.
Sector Funds
Flows into EPFR Global-tracked Financial Sector Funds hit a YTD high of US$887 million during the week ending Dec. 24 as investors translated better US housing data into reduced pressure on many bank balance sheets. Real Estate Sector Funds also benefited, taking in US$171 million for the week, as did Consumer Sector Funds.
The more bullish attitude evident in the run up to Christmas was reflected in the flows into TECHNOLOGY [] and Commodity Sector Funds, which took in US$173 million and US$113 million respectively, with the latter’s latest inflow streak standing at 16 straight weeks.
With the Copenhagen Climate Summit ending without any dramatic new commitments, Utilities Sector Funds absorbed another US$76 million and Energy Sector Funds a modest US$33 million. Healthcare/Biotechnology Sector Funds took in fresh money for the sixth straight week as healthcare reform legislation finally emerged from the US Senate.
Bond and other Fixed Income Funds
EPFR Global-tracked US and Global Bond Funds maintained their strong showings, with the former maintaining their record of taking in fresh money every week YTD and the latter recording their 37th consecutive week of inflows. US Bond Funds absorbed US$1.67 billion for the week while Global Bond Funds took in US$2.03 billion.
Flows into US Inflation Protection Bond Funds hit a YTD high of US$412 million for the week but funds investing in short-term government and corporate debt had one of their slower weeks.
Despite a noticeable spike in risk appetite that saw the spread between US Treasuries and JP Morgan’s benchmark EMBI+ index drop back below the 300 basis points level, High Yield Bond Funds posted modest outflows of US$31 million for the week. But Emerging Markets Bond Funds took in another US$369 million, with funds investing in local currency debt to the fore, as YTD inflows for this fund group moved over the $8 billion mark.
Balanced Funds, which invest in both bonds and equities, took in another US$416 million.
Note: EPFR Global provides fund flows and asset allocation data to financial institutions around the world.
It tracks both traditional and alternative funds domiciled globally with US$12 trillion in total assets.
Selangor Properties 4Q net profit up 9%
KUALA LUMPUR : Selangor PROPERTIES [] Bhd's (SPB) net profit in the fourth quarter ended October, rose 9 % to RM35.85 million from RM32.9 million a year earlier as the company sold more properties, and trimmed operating expenses.
Revenue more than doubled to RM155.13 million from RM63.92 million, the real estate estate investor and developer reported to Bursa Malaysia in a filing today (Dec 28).
Cumulative full-year net profit, however, fell 72.8 % to RM32.3 million from RM118.55 million a year earlier, mainly, due to a provision for impairment losses on the company's investment in real estate funds. Revenue advanced 52.7 % to RM321.72 million from RM210.64 million.
"Barring unforeseen circumstances, the group's prospect for the next financial year remain positive," the comapny said.
Revenue more than doubled to RM155.13 million from RM63.92 million, the real estate estate investor and developer reported to Bursa Malaysia in a filing today (Dec 28).
Cumulative full-year net profit, however, fell 72.8 % to RM32.3 million from RM118.55 million a year earlier, mainly, due to a provision for impairment losses on the company's investment in real estate funds. Revenue advanced 52.7 % to RM321.72 million from RM210.64 million.
"Barring unforeseen circumstances, the group's prospect for the next financial year remain positive," the comapny said.
December 28, 2009
CTRM dijangka bekal kubah radar kepada syarikat Itali
Firma sudah hampir muktamad perjanjian dengan Finmeccanica
COMPOSITES Technology Research Malaysia Sdn Bhd (CTRM), pengeluar dan pembekal komponen komposit untuk pesawat Airbus dan Boeing sudah hampir memuktamadkan perjanjian bagi membekalkan 'radome' atau kubah radar kepada sebuah syarikat Itali.
Ketua Eksekutifnya, Datuk Rosdi Mahmud, berkata rundingan dengan syarikat Itali itu, Finmeccanica sudah dalam fasa akhir, menyentuh antaranya perkara seperti harga dan perincian lain.
"Kami sudah berbincang harganya tapi ia belum lagi kontrak dan saya jangka dalam masa tiga hingga enam bulan, urus niaga itu akan dapat dimuktamadkan," katanya kepada Berita Harian baru-baru ini.
Rosdi berkata, Finmeccanica menunjukkan minat mendalam terhadap radome keluaran CTRM berikutan kejayaan dua projek pembekalan sama kepada kerajaan sebelum ini yang ditempatkan bagi melindungi radar di Bukit Kubong, Labuan dan Western Hill, Pulau Pinang.
Beliau berkata, CTRM juga sedang berunding dengan Thales dari Perancis bagi pembekalan sama tetapi ia masih lagi pada peringkat awal.
Katanya, radome keluaran CTRM yang diperbuat daripada komposit sepenuhnya mempunyai kelebihan berbanding struktur konvensional yang diperbuat daripada besi kerana ia tidak berkarat, memiliki tahap ketahanan cuaca yang tinggi dan tidak memantun balik gelombang menyebabkan keberkesanan pengesanan kekal di tahap tinggi.
"Radome itu di reka bentuk dan dibangunkan menggunakan kepakaran tempatan, justeru ia dapat dibekalkan pada harga kompetitif.
"Harga sebuah radome ialah RM7 juta, kalau kami dapat bekalkan 10 radome kepada Finmeccanica ini bermakna kontrak itu nanti ialah RM70 juta," katanya sambil menambah konsep perniagaan CTRM ialah menumpu kepada perniagaan khusus yang tidak ramai menyertainya.
Dalam perkembangan lain, anak syarikat Kementerian Kewangan Diperbadankan itu, akan menghidupkan semula program pembangunan pesawat ringan dua tempat duduk Eagle 150B yang diberhentikan sebelum ini, selain memulakan pembangunan pesawat enjin berkembar awal tahun depan.
Rosdi berkata, prototaip bagi kedua-dua jenis pesawat itu pula akan disiapkan dalam tempoh setahun untuk Eagle baru manakala satu setengah tahun untuk enjin berkembar.
CTRM, katanya sudah menjual 20 unit Eagle 150B sebelum ini kepada pelanggan di New Zealand, Australia, Amerika Syarikat dan Malaysia.
Ia masih memiliki 21 unit Eagle 150B yang disewakan kepada lima sekolah latihan penerbangan tempatan.
Rosdi menjelaskan untuk mendapatkan pulangan modal, CTRM perlu mengeluarkan 60 unit Eagle setahun.
Eagle 150B dikeluarkan di Australia sehingga Februari 2002 oleh perekanya, Eagle Aircraft Pty Ltd, sebelum ia dikeluarkan sepenuhnya di Malaysia oleh CTRM.
Pengeluarannya diberhentikan susulan kegagalan mengkomersialkannya. Eagle 150B dipertontonkan kepada orang ramai pada Lima 2003.
COMPOSITES Technology Research Malaysia Sdn Bhd (CTRM), pengeluar dan pembekal komponen komposit untuk pesawat Airbus dan Boeing sudah hampir memuktamadkan perjanjian bagi membekalkan 'radome' atau kubah radar kepada sebuah syarikat Itali.
Ketua Eksekutifnya, Datuk Rosdi Mahmud, berkata rundingan dengan syarikat Itali itu, Finmeccanica sudah dalam fasa akhir, menyentuh antaranya perkara seperti harga dan perincian lain.
"Kami sudah berbincang harganya tapi ia belum lagi kontrak dan saya jangka dalam masa tiga hingga enam bulan, urus niaga itu akan dapat dimuktamadkan," katanya kepada Berita Harian baru-baru ini.
Rosdi berkata, Finmeccanica menunjukkan minat mendalam terhadap radome keluaran CTRM berikutan kejayaan dua projek pembekalan sama kepada kerajaan sebelum ini yang ditempatkan bagi melindungi radar di Bukit Kubong, Labuan dan Western Hill, Pulau Pinang.
Beliau berkata, CTRM juga sedang berunding dengan Thales dari Perancis bagi pembekalan sama tetapi ia masih lagi pada peringkat awal.
Katanya, radome keluaran CTRM yang diperbuat daripada komposit sepenuhnya mempunyai kelebihan berbanding struktur konvensional yang diperbuat daripada besi kerana ia tidak berkarat, memiliki tahap ketahanan cuaca yang tinggi dan tidak memantun balik gelombang menyebabkan keberkesanan pengesanan kekal di tahap tinggi.
"Radome itu di reka bentuk dan dibangunkan menggunakan kepakaran tempatan, justeru ia dapat dibekalkan pada harga kompetitif.
"Harga sebuah radome ialah RM7 juta, kalau kami dapat bekalkan 10 radome kepada Finmeccanica ini bermakna kontrak itu nanti ialah RM70 juta," katanya sambil menambah konsep perniagaan CTRM ialah menumpu kepada perniagaan khusus yang tidak ramai menyertainya.
Dalam perkembangan lain, anak syarikat Kementerian Kewangan Diperbadankan itu, akan menghidupkan semula program pembangunan pesawat ringan dua tempat duduk Eagle 150B yang diberhentikan sebelum ini, selain memulakan pembangunan pesawat enjin berkembar awal tahun depan.
Rosdi berkata, prototaip bagi kedua-dua jenis pesawat itu pula akan disiapkan dalam tempoh setahun untuk Eagle baru manakala satu setengah tahun untuk enjin berkembar.
CTRM, katanya sudah menjual 20 unit Eagle 150B sebelum ini kepada pelanggan di New Zealand, Australia, Amerika Syarikat dan Malaysia.
Ia masih memiliki 21 unit Eagle 150B yang disewakan kepada lima sekolah latihan penerbangan tempatan.
Rosdi menjelaskan untuk mendapatkan pulangan modal, CTRM perlu mengeluarkan 60 unit Eagle setahun.
Eagle 150B dikeluarkan di Australia sehingga Februari 2002 oleh perekanya, Eagle Aircraft Pty Ltd, sebelum ia dikeluarkan sepenuhnya di Malaysia oleh CTRM.
Pengeluarannya diberhentikan susulan kegagalan mengkomersialkannya. Eagle 150B dipertontonkan kepada orang ramai pada Lima 2003.
Ulasan Pasaran: Prestasi saham kembali pulih
BURSA Malaysia mengalami jualan besar besaran Isnin minggu lalu disebabkan pembetulan di pasaran saham Hong Kong dan China berikutan kebimbangan China akan mengawal pemberian pinjaman kepada sektor hartanah untuk menangani spekulasi.
Bagaimanapun, prestasi kembali pulih menjelang cuti Krismas tetapi minat belian tergugat dengan ketiadaan sebahagian besar peserta pasaran yang menghabiskan cuti akhir tahun.
Pada asas mingguan, Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) turun 3.03 mata atau 0.24 peratus untuk ditutup pada 1,263.94, dengan menyaksikan IOI Corp jatuh 13 sen, dan Tenaga (-8 sen).
Kejatuhan ini menongkah kenaikan yang dicatat Genting Bhd (+8 sen), DiGi.com (+50 sen) dan Genting Malaysia (+4 sen).
Purata jumlah urus niaga harian dan nilainya turun kepada 429.4 juta saham bernilai RM678.3 juta berbanding 597.1 juta saham bernilai RM863.9 juta dalam minggu sebelumnya.
Maklum balas pasaran global terhadap perkembangan di China sudah diambil kira memandangkan negara berkenaan sedang berusaha mengambil alih kedudukan Jepun sebagai ekonomi kedua terbesar dunia tahun depan.
Minggu lalu China meningkatkan anggaran pertumbuhan Keluaran Dalam Negara Kasar (KDNK) 2008 kepada 9.6 peratus dan ia dijangka mencatat pertumbuhan lebih daripada lapan peratus tahun ini selepas kerajaannya melaksanakan pakej rangsangan untuk meningkatkan KDNK suku ketiga kepada 8.9 peratus.
Walaupun kerajaan China berjanji melaksanakan dasar kewangan yang longgar tahun depan untuk mengekalkan pertumbuhan, ia mungkin perlu menyemak semula dasar fiskal dan kewangannya untuk mengelakkan pertumbuhan ekonominya yang terlalu mendadak dan kebimbangan untuk mengawal pinjaman bagi mengekalkan spekulasi hartanah tidak silap.
Buat permulaan, langkah kerajaan China menaikkan bayaran pendahuluan bagi pembelian tanah adalah petunjuk yang menarik tentang apa yang akan berlaku dalam tempoh jangka panjang untuk mengelakkan 'gelembung aset daripada pecah'.
Dengan meningkatnya dagangan dunia, ramai menjangkakan China akan melaksanakan regim mata wang yang anjal yang sekali gus akan mengukuhkan mata wangnya berbanding dolar Amerika Syarikat (AS).
Sepanjang tahun ini, renminbi meningkat berbanding dolar AS sekali gus mencadangkan bahawa kerajaan AS tidak begitu gembira dengan isu berkaitan dagangan dua hala.
Memandangkan pada masa lalu ringgit menjejaki pergerakan renminbi, kekukuhan dalam ringgit mungkin menjadi pemangkin penting untuk menarik aliran masuk dana asing baru ke pasaran tempatan.
Sehubungan itu, adalah lebih penting untuk melihat arah pasaran dalam tempoh tiga hingga enam bulan ke hadapan, daripada mengharapkan kegiatan 'mencantikkan akaun' akhir tahun yang dijangka tidak akan memberi kesan berdasarkan kepada nilai dagangan dan kekurangan pemangkin untuk mendorong pasaran dalam jangka pendek.
Indeks penanda aras juga dijangka tidak akan berubah daripada sasaran akhir tahun pada 1,255 mata dan ketiadaan penunjuk positif mendorong pasaran untuk berada dalam keadaan lemah minggu ini.
Kekalkan tinjauan awal pasaran dalam separuh pertama 2010 berdasarkan kepada semakan meningkat yang berterusan dalam pertumbuhan pendapatan korporat, kecairan yang tinggi, kekukuhan ringgit berbanding dolar AS yang akan mendorong kemasukan modal asing, permintaan domestik yang kukuh dan pemulihan harga minyak sawit mentah dalam suku pertama tahun depan.
"Kesan Januari" juga mungkin boleh menyediakan permulaan yang baik bagi 2010 yang selama ini mendatar untuk tempoh 10 tahun, kecuali 2008 apabila indeks penanda aras membuat pembetulan daripada tahap tertinggi pada 1,525 mata.
Sebagai perbandingan mudah bagi kesan berkenaan, ketika kejatuhan besar pada 1998, indeks penanda aras membuat pembetulan bulan-ke-bulan sebanyak 4.2 peratus pada Januari 1998, sebelum naik 0.9 peratus dan 13.5 peratus masing-masing pada 1999 dan 2000.
Sama ada ia akan mengulangi pergerakan yang sama dengan pengembangan dua angka pada 2010 tidak dapat dibuat agakan oleh sesiapa pun, tetapi kedinamikan pasaran menunjukkan permulaan yang bermakna bagi 'Tahun Harimau' yang akan datang.
Sehubungan itu, pelabur dianjurkan terus mendapatkan saham berkualiti yang di bawah nilai dan saham yang mempunyai prospek untuk mencatat rali menghala ke 1,390 mata dalam separuh pertama tahun ini sebelum langkah lebih berhati-hati dalam separuh kedua 2010.
Bagaimanapun, prestasi kembali pulih menjelang cuti Krismas tetapi minat belian tergugat dengan ketiadaan sebahagian besar peserta pasaran yang menghabiskan cuti akhir tahun.
Pada asas mingguan, Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) turun 3.03 mata atau 0.24 peratus untuk ditutup pada 1,263.94, dengan menyaksikan IOI Corp jatuh 13 sen, dan Tenaga (-8 sen).
Kejatuhan ini menongkah kenaikan yang dicatat Genting Bhd (+8 sen), DiGi.com (+50 sen) dan Genting Malaysia (+4 sen).
Purata jumlah urus niaga harian dan nilainya turun kepada 429.4 juta saham bernilai RM678.3 juta berbanding 597.1 juta saham bernilai RM863.9 juta dalam minggu sebelumnya.
Maklum balas pasaran global terhadap perkembangan di China sudah diambil kira memandangkan negara berkenaan sedang berusaha mengambil alih kedudukan Jepun sebagai ekonomi kedua terbesar dunia tahun depan.
Minggu lalu China meningkatkan anggaran pertumbuhan Keluaran Dalam Negara Kasar (KDNK) 2008 kepada 9.6 peratus dan ia dijangka mencatat pertumbuhan lebih daripada lapan peratus tahun ini selepas kerajaannya melaksanakan pakej rangsangan untuk meningkatkan KDNK suku ketiga kepada 8.9 peratus.
Walaupun kerajaan China berjanji melaksanakan dasar kewangan yang longgar tahun depan untuk mengekalkan pertumbuhan, ia mungkin perlu menyemak semula dasar fiskal dan kewangannya untuk mengelakkan pertumbuhan ekonominya yang terlalu mendadak dan kebimbangan untuk mengawal pinjaman bagi mengekalkan spekulasi hartanah tidak silap.
Buat permulaan, langkah kerajaan China menaikkan bayaran pendahuluan bagi pembelian tanah adalah petunjuk yang menarik tentang apa yang akan berlaku dalam tempoh jangka panjang untuk mengelakkan 'gelembung aset daripada pecah'.
Dengan meningkatnya dagangan dunia, ramai menjangkakan China akan melaksanakan regim mata wang yang anjal yang sekali gus akan mengukuhkan mata wangnya berbanding dolar Amerika Syarikat (AS).
Sepanjang tahun ini, renminbi meningkat berbanding dolar AS sekali gus mencadangkan bahawa kerajaan AS tidak begitu gembira dengan isu berkaitan dagangan dua hala.
Memandangkan pada masa lalu ringgit menjejaki pergerakan renminbi, kekukuhan dalam ringgit mungkin menjadi pemangkin penting untuk menarik aliran masuk dana asing baru ke pasaran tempatan.
Sehubungan itu, adalah lebih penting untuk melihat arah pasaran dalam tempoh tiga hingga enam bulan ke hadapan, daripada mengharapkan kegiatan 'mencantikkan akaun' akhir tahun yang dijangka tidak akan memberi kesan berdasarkan kepada nilai dagangan dan kekurangan pemangkin untuk mendorong pasaran dalam jangka pendek.
Indeks penanda aras juga dijangka tidak akan berubah daripada sasaran akhir tahun pada 1,255 mata dan ketiadaan penunjuk positif mendorong pasaran untuk berada dalam keadaan lemah minggu ini.
Kekalkan tinjauan awal pasaran dalam separuh pertama 2010 berdasarkan kepada semakan meningkat yang berterusan dalam pertumbuhan pendapatan korporat, kecairan yang tinggi, kekukuhan ringgit berbanding dolar AS yang akan mendorong kemasukan modal asing, permintaan domestik yang kukuh dan pemulihan harga minyak sawit mentah dalam suku pertama tahun depan.
"Kesan Januari" juga mungkin boleh menyediakan permulaan yang baik bagi 2010 yang selama ini mendatar untuk tempoh 10 tahun, kecuali 2008 apabila indeks penanda aras membuat pembetulan daripada tahap tertinggi pada 1,525 mata.
Sebagai perbandingan mudah bagi kesan berkenaan, ketika kejatuhan besar pada 1998, indeks penanda aras membuat pembetulan bulan-ke-bulan sebanyak 4.2 peratus pada Januari 1998, sebelum naik 0.9 peratus dan 13.5 peratus masing-masing pada 1999 dan 2000.
Sama ada ia akan mengulangi pergerakan yang sama dengan pengembangan dua angka pada 2010 tidak dapat dibuat agakan oleh sesiapa pun, tetapi kedinamikan pasaran menunjukkan permulaan yang bermakna bagi 'Tahun Harimau' yang akan datang.
Sehubungan itu, pelabur dianjurkan terus mendapatkan saham berkualiti yang di bawah nilai dan saham yang mempunyai prospek untuk mencatat rali menghala ke 1,390 mata dalam separuh pertama tahun ini sebelum langkah lebih berhati-hati dalam separuh kedua 2010.
Banking, plantation stocks spur FBM KLCI
KUALA LUMPUR: Shares of financial services and PLANTATION [] entities lifted the Malaysian equity benchmark till midday Monday, Dec 28 amid substantial gains across regional stockmarkets, and rising commodity prices.
Analysts, however, cautioned that the FBM KLCI would now embark on a major corrective phase, having risen from its March 2009 low of 836.51 to 1,288.42 in November this year without any meaningful correction.
"The market may have rebounded late last week but we expect further profit-taking ahead of the new year-end holidays at this weekend.
"We believe that the FBM KLCI peaked at 1,288.42 on Nov 17, and urge investors to liquidate all their stocks on any and every rally," Maybank head of retail research for equity markets Lee Cheng Hooi wrote in a note on Dec 28.
At 12.30pm, FBM KLCI rose 5.23 points to 1,269.17. Prime movers of the benchmark include CIMB Group Holdings Bhd which rose 16 sen to RM13.00 and MALAYAN BANKING BHD [] which gained nine sen to RM6.89.
Oil palm plantation companies IOI Corp Bhd rose three sen to RM5.44 while SIME DARBY BHD [] was up two sen to RM8.99.
Across the exchange, a total of 261 stocks gained compared to 178 decliners, resulting in 191 million shares worth RM214 million done.
Regional stock indices advanced. Japan's Nikkei 225 rose 1.06% to 10,644.79 points, China's Shanghai SE Composite added 1.67% to 3193.70, and Hang Seng gained 0.8% to 21,689.00. Stockmarkets in Austalia and New Zealand are closed for national holidays.
Commodity prices gained. US crude oil for February 2010 rose 45 cents to USD78.50 as traders anticipate an economic recovery in the US, the world's largest energy consumer, would spur demand for the hydrocarbon fuel.
Meanwhile, spot prices for gold advanced USD7.25 to USD1,112.70. Malaysian palm oil for February 2010 surged RM42 to RM2,579 a tonne.
The ringgit was traded at 3.4255 versus the US dollar, 4.9290 against the euro, 5.4667 against the pound sterling, 3.7428 versus the yen, and 2.4364 compared to the Singapore dollar.
Analysts, however, cautioned that the FBM KLCI would now embark on a major corrective phase, having risen from its March 2009 low of 836.51 to 1,288.42 in November this year without any meaningful correction.
"The market may have rebounded late last week but we expect further profit-taking ahead of the new year-end holidays at this weekend.
"We believe that the FBM KLCI peaked at 1,288.42 on Nov 17, and urge investors to liquidate all their stocks on any and every rally," Maybank head of retail research for equity markets Lee Cheng Hooi wrote in a note on Dec 28.
At 12.30pm, FBM KLCI rose 5.23 points to 1,269.17. Prime movers of the benchmark include CIMB Group Holdings Bhd which rose 16 sen to RM13.00 and MALAYAN BANKING BHD [] which gained nine sen to RM6.89.
Oil palm plantation companies IOI Corp Bhd rose three sen to RM5.44 while SIME DARBY BHD [] was up two sen to RM8.99.
Across the exchange, a total of 261 stocks gained compared to 178 decliners, resulting in 191 million shares worth RM214 million done.
Regional stock indices advanced. Japan's Nikkei 225 rose 1.06% to 10,644.79 points, China's Shanghai SE Composite added 1.67% to 3193.70, and Hang Seng gained 0.8% to 21,689.00. Stockmarkets in Austalia and New Zealand are closed for national holidays.
Commodity prices gained. US crude oil for February 2010 rose 45 cents to USD78.50 as traders anticipate an economic recovery in the US, the world's largest energy consumer, would spur demand for the hydrocarbon fuel.
Meanwhile, spot prices for gold advanced USD7.25 to USD1,112.70. Malaysian palm oil for February 2010 surged RM42 to RM2,579 a tonne.
The ringgit was traded at 3.4255 versus the US dollar, 4.9290 against the euro, 5.4667 against the pound sterling, 3.7428 versus the yen, and 2.4364 compared to the Singapore dollar.
FBM KLCI marginally lower
KUALA LUMPUR: Malaysian equities traded in the red after giving up marginal gains earlier in morning trade Monday, Dec 28 as regional stockmarkets advanced following positive updates on the US economy.
FBM KLCI rose as much as 0.44 of a point to 1,264.38 at 9.37am before declining to 1,263.88 at 9.48am, down 0.06 of a point.
Across the board, 125 stocks gained compared to 74 declining entities resulting in 49 million shares worth RM41 million done.
TIME ENGINEERING BHD [], the most active stock with 3.6 million shares traded, added 0.5 sen to 40.5 sen. Top gainer was KUMPULAN POWERNET BHD [] which rose 25 sen to 70 sen while the biggest decliner was DUTCH LADY MILK INDUSTRIES BHD [] which was down eight sen to RM11.62.
Regional stock indices advanced. Japan's Nikkei 225 rose 1.06% to 10,606.15 points, while China's Shanghai SE Composite added 0.5% to 3,156.99. Nearer to home, Singapore's Straits Times was up 0.42% to 2,849.66. Stockmarkets in Austalia and New Zealand are closed for national holidays.
Commodity prices gained. US crude oil for February 2010 rose nine cents to USD78.14 while spot prices for gold
advanced USD3.10 to USD1108.55.
The ringgit was traded at 3.4265 versus the US dollar, 4.9235 against the euro, 5.4626 against the pound sterling, 3.7415 versus the yen, and 2.4367 compared to the Singapore dollar.
FBM KLCI rose as much as 0.44 of a point to 1,264.38 at 9.37am before declining to 1,263.88 at 9.48am, down 0.06 of a point.
Across the board, 125 stocks gained compared to 74 declining entities resulting in 49 million shares worth RM41 million done.
TIME ENGINEERING BHD [], the most active stock with 3.6 million shares traded, added 0.5 sen to 40.5 sen. Top gainer was KUMPULAN POWERNET BHD [] which rose 25 sen to 70 sen while the biggest decliner was DUTCH LADY MILK INDUSTRIES BHD [] which was down eight sen to RM11.62.
Regional stock indices advanced. Japan's Nikkei 225 rose 1.06% to 10,606.15 points, while China's Shanghai SE Composite added 0.5% to 3,156.99. Nearer to home, Singapore's Straits Times was up 0.42% to 2,849.66. Stockmarkets in Austalia and New Zealand are closed for national holidays.
Commodity prices gained. US crude oil for February 2010 rose nine cents to USD78.14 while spot prices for gold
advanced USD3.10 to USD1108.55.
The ringgit was traded at 3.4265 versus the US dollar, 4.9235 against the euro, 5.4626 against the pound sterling, 3.7415 versus the yen, and 2.4367 compared to the Singapore dollar.
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About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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