1. FBM KLCI was up by 11.88 points or 0.78% to 1,531.82 last Wednesday.
2. Asia market open on firm footing this morning... As of 8:17 am, Nikkei was up by 93.22 points to 10,636.74 while ASX200 was also up by 2.3 points to 4,865 since market open.
3. The Edge Financial Daily first page talk about Sarawak Election play stocks which include HSL, NAIM, DAYANG, PETRA and CMSB. Expect this stock to rally in the first 15 minute. If you are interested to buy these stocks, dont chase in the 1st 15 minutes, but wait for weaker price from 915am to 11am.
4. Update on Egypt issue: Mubarak still hold on to his position. Indian Deputy Governor Subir Gokarn said Egypt political crisis poses a risk to oil prices and will impact?Indian central bank actions, according to report from Bloomberg.
5. Today's economy data to watch for will be US Consumer Credit for Dec-2010 and Germany Factory Order in Dec-2010.
OVERALL: KLCI should gain today on the back of strong CPO price, increasing interest in Oil and Gas stock and Sarawak election theme play.
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
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