Wednesday, 11 February 2009.

DAILY MARKET REPORT.

Tuesday Market Closing Prices.

KLCI 903.52 up 6.88.
DJIA 886.88 down 381,99 or 4.62%.
Crude Oil US$37.55.
April FCPO RM1,999.
Ringgit 3.5865.

LOCAL NEWS.

DPM Najib to unveil mini budget i n Parliament soon.

Muhyiddin says Malaysia is still an attractive place for FDI but admitted it is quite tough to attract FDI this year.


WORLD NEWS.

U.S. Treasury Secretary Tim Geithner offers up to US$2 trillion in U.S. programs to unlock credit market and the U.S. President Obama admitted current economic and financial crisis can turn into a catasthrope.

Analysis - Based on the outstanding loans in the banking system and financial institution, the US$2 trillion still seems small compared to the actual and potential losses of the system. The economy cannot recover without proper fixing of the banking system.


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