5 Things To Know Before KLCI Opening Bell

1. DJIA lost 166.13 points last Friday to 11823.70 as fear over Egypt put an end to the market's 8-week win streak (This is NEGATIVE to KLCI)

2.BN won Tenang by-election with an increased majority of 3,707 votes... better than 2,492-vote majority won during the 2008 general election. (This is POSITIVE to KLCI as investors may see this as an increasing support for BN and put higher expectation of General Election to happen this year)


3. Bank Negara Malaysia maintained interest rate at 2.75% last Friday. However, BNM warned that it will have to manage the rising amount of money building up in the domestic financial system. (This is NEUTRAL as investors have generally expected BNM to do so)

4. The latest update on Egypt unrest = i) it is already 6th day of the demonstration, ii) as many as 150 people have been killed in the unrest, iii) despite Mubarak’s appointment of the first vice president since his rise to power in 198, the demonstration goes on, iv) Suleiman has met with the interior and defense ministers to discuss a plan to restore security... for full latest story please read  Egpty Update as of 640am

5. Feb-2011 Futures KLCI is now trading at 1496 points, about 26 points discount to the cash market close of 1521.89 last Friday. (NEGATIVE)

Overall = NEGATIVE but I think 1500 support should be able to hold.