Friday, 13 February 2009.

DAILY MARKET REPORT.

Thursday Markets Closing Prices.


KLCI 894.60 down 2.47.
DJIA 7,932.76 down 6.77 or 0.99%.
Crude Oil US$34.45.
April FCPO RM1,940.
Ringgit 3.6185.


LOCAL NEWS.

DPM and Finance Minister Najib to tabled "mini budget" in Parliament on March 10, 2009.

TNB's CEO expected the turnover to be reduced by RM1.1b or RM1.2b from annual turnover of between RM25b to RM26b due to the lower tariff and low demand. TNB reduce the electricity tariff by an average of 3.7% as the government had reduced the price of gas for the power sector to RM10.70 per mmBTU from RM14.31 per mmBTU.

Stock Recommendation - Maintained SELL recomendation on TNB Bhd at RM5.95.


CIMB sees double digit growth in residential mortgages.

Stock Recommendation - Maintained SELL rating on BCHB BHD at RM6.50 on economic outlook.


WORLD NEWS.

U.S. passed the US$789 stimulus plan.


By:-

Kamel Bin Mohd Yusoh.
Kenanga Investment Bank Bhd.
013-6306544 or 03-21634549/50.