Current economic situation

Najib bets on rapid economic reforms

Najib bets on rapid economic reforms KUALA LUMPUR, April 23 — Changes to the Malaysian economic landscape will come fast and furious. Next week, the Najib administration will consider lifting the ceiling for foreign ownership of banks, allowing international investors to own more than 30 per cent of a financial institution

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Share prices close higher in bullish market

KUALA LUMPUR, April 23 — Share prices on Bursa Malaysia closed higher today on improved sentiment with strong interest seen in plantation, property, and information and communications technology (ICT) related stocks, dealers said.

They said that sentiment was spurred by the government’s decision yesterday to remove the 30 per cent Bumiputera equity condition in 27 service sub-sectors with immediate effect.

At close, the benchmark Kuala Lumpur Composite Index (KLCI) rose 10.06 points or 1.04 per cent to 978.64 after opening 0.37 of a point higher at 968.95 this morning.

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The unit trust performance still consider at lowest price as compared to the previous three years performance. We still can take advantage to average down our cost per unit based on fact that the fund price is far more better as refer to today’s price.

KLCI hits high note

KLCI hits high note

KUALA LUMPUR, April 10 – Share prices on Bursa Malaysia closed higher today with the KLCI at 941.38, the highest in six months fuelled by positive sentiment following the new…read more

New cabinet minister

Let see the effect of new cabinet minister line up by newly appointed prime minister.

Index KLSE – The KLCI ended 10 points higher at 917.9

The local stock market rebounded on April 9, after two days of losses, following overnight gains on Wall Street and ahead of the Prime Minister’s announcement on the new Cabinet line-up, which was announced in the afternoon.

Sentiment across Asia was also boosted by positive economic news from Japan. Japan’s stock market rallied from an unexpectedly positive reading on core machinery orders, which rose 1.4% month-on-month in February 2009 after four months of contractions – and well above expectations of a 7.9% drop. The data is a gauge of capital expenditure and could suggest business spending is nearing bottom.

Investor sentiment has improved over the last month as economic data – initially from the US but also now increasingly from elsewhere – start to show signs of a bottoming for the US and global economy. This has made investors more confident of investing in equities again, as economists are finally seeing some light at the end of the long dark tunnel.

The sustainability of global markets’ recent gains – and scope for more – will depend on upcoming US economic data. They will either help confirm or dispel investors’ recent optimism about the economy, noting that Wall Street has built in very strong expectations of a recovery later this year.

The KLCI was in positive territory the whole day. The KLCI ended 10 points higher at 917.9. Market breadth was positive with advancing stocks beating declining ones by a 2.7-to-one margin. Trading volume was high with 715 million shares changing hands.

Actively traded stocks include Maybank-OR, Johan, KNM, MRCB, Berjaya Corp, Resorts, TM and Mulpha. Major gainers include Tanjong plc, LPI, KL Kepong, MAS and Kossan. Losers include Wijaya, DKSH and UPA. Meanwhile, crude palm oil prices surged over 4% to above RM2,250 per tonne in the afternoon session.

Unit Trust Price

8/4/2009

Public Ittikal Fund

PITTIKAL

0.7142

9/4/2009

Public Islamic Dividend Fund

PIDF

0.2498

9/4/2009

Public Islamic Equity Fund

PIEF

0.2569

Ittikal was increased by 3.36% as compare to price at december 2008

PIDF was increased by 4.6% as compare to price at december 2008

PIEF was increased by 3.56% as compare to price at december 2008

*The detail price can be seen in www.publicmutual.com.my

Index KL updated

Green mean profit. The KL stock index as at today 6 march 2009. Is it the market start to recover ?