No posting tommorow. Will be on leave on Wed., Thursday and Friday. Be back on Monday.


Tuesday 17 March 2009.

DAILY MARKET REPORT.

Monday Markets Closing Prices.


KLCI 840.88 down 2.57 or 0.3%.
DJIA 7,216.97 down 7.01 or 0.10%.
Crude Oil US$47.35.
Ringgit 3.6610.
June FCPO RM1,902.


LOCAL NEWS.

Brunei drops claim over Limbang in Sarawak and settle 6 years oil exploration dispute with Malaysia.

EPF declared 4.5% dividend for 2008, down from 5.8% in 2007.

Acerinox's US$1.6 billion integrated stainless steel plant in Johor to boost the local economy.

Last year, Johor managed to attract RM9.4 billion in FDI and this year hope to maintain or surpass this figure and the steady stream of investments will help tide over the current world economic crisis.

RM1.7 billion had been allocated to Khazanah Nasional under the second stimulus plan for the infrastructure projects in Iskandar Malaysia.


WORLD NEWS.

U.S. stocks fall on bank concerns, erasing rally; Treasuries, dollar drop.

American Express card defaults rise in February.

U.S. industrial output slides in February for fourth straight month as export, auto slumps hit broader economy.

Credit Crunch: Regulators tighten the screws that can make even the safest debt harder to sell.


For further inquiries please call:-

Kamel Bin Mohd Yusoh.
Institutional Dealer.
Kenanga Investment Bank Bhd.
March 17, 2009.
013-6306544 or 03-21634549/50.