Situation turn out to be bad for KL Composite Index. The Index today tumble -14.38 points to close at 1,095.05 points. A break of below 1,100.00 points.
Plantation futures today face the most critical points when today the CPO for October delivery closed down RM -167 per tonne at RM 2,453 per tonne. At one time it drops nearly RM -228 per tonne at RM 2,392 per tonne.
Plantation futures today face the most critical points when today the CPO for October delivery closed down RM -167 per tonne at RM 2,453 per tonne. At one time it drops nearly RM -228 per tonne at RM 2,392 per tonne.
Usually this scenario stated that the Crude Palim Oil prices are nearly to the bottom low. Just watch. A rebound might happen maybe in next week market. Small rebound.
In NYMEX futures trading the Crude Oil prices also went down nearly USD -2.00 per barrel at USD 113.00 per barrel. Everything is falling. (local time 6.00 pm)
Again MMC Corporation Berhad created new lows. Bumiputra-Commerce Holdings Berhad was hit hard when in seven trading days from as high as RM 9.10 per share (06.08.2008) already fell more than RM -1.45 per share to close RM 7.65 per share (14.08.2008).
In NYMEX futures trading the Crude Oil prices also went down nearly USD -2.00 per barrel at USD 113.00 per barrel. Everything is falling. (local time 6.00 pm)
Again MMC Corporation Berhad created new lows. Bumiputra-Commerce Holdings Berhad was hit hard when in seven trading days from as high as RM 9.10 per share (06.08.2008) already fell more than RM -1.45 per share to close RM 7.65 per share (14.08.2008).
I would like stated that the current market still heading to no where. Stay out from this market. Monitoring the share market movement still maintain as a very good strategies at the moment. A 1,000 points for KL Composite Index still consider valid.
Tomorrow will be a nomination day at Permatang Pauh. There will be a bit of arguments here and there between the supporters. After this election, we must look ahead when the new government will be form. There so many question that we need to do some research in order to find out an answer.
Tomorrow will be a nomination day at Permatang Pauh. There will be a bit of arguments here and there between the supporters. After this election, we must look ahead when the new government will be form. There so many question that we need to do some research in order to find out an answer.
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