Sorry for the late update was having some problem with the PC justnow.
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After Market report(26/5/2008):
The market end at 1273.37. Down only for a single point.
And the market confident continue to fall with futures drop for 9 points to 1261.
(like what was predicted earlier)
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Market Preview(27/5/2008)
The market had reopen justnow in the morning currently at about 1275.
I predict the market will end at about 1278-1280.
While futures close at about 7-8 points discount from the Cash market.
*Tonight the Dow Jones and NYSE should also have a small rebound.
Actually the Malaysian Market's fundamental are quite strong and stable.
But not the politic... as long as the politician keep their mouth shut, we should have another one or two great week ahead of us.
Usually after a long weekend the US market will have a small rebound(not evertimes though, just more likely nia).
With Oil price staystable for the weekend and on monday, the US market should have a small rebound i predict.
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Oil price rise also mean CPO(Crude Palm Oil) rise!
Every body should understand that there're very high potential that the CPO will be use as a subtitube for crude oil. Oil now trade at 132.00USD. And the CPO Also rise to RM3700 per metric tonnes yesterday!
So the plantation counters like KLK, BKAWAN, IOI, SIME... Are likely to be a good counter to buy now.
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