September 13, 2009.

WEEKLY MARKET REPORT.

Friday Market Closing Prices.

FMBKLCI 1208.28 up 7.00.
November FCPO RM2,145.
Ringgit 3.4900.
DJIA 9,605.41 down 22.07 or 0.23%.
Crude Oil US$69.29 down US$2.65.
Natural Gas US$2.96 down US$0.30.
Gold US$1,006.40 up US$9.60.

STOCK MARKET OUTLOOK.

FBMKLCI is expected to trade within a narrow range with an upside bias before the Hari Raya Aidil Fitri holiday next week.

The FBMKLCI downside support at between 1197 to 1202 level and the minor resistance level at between 1220 to 1230 level. Next resistance level at between 1250 to 1260 level.

STOCK MARKET STRATEGY.

Investors should continue to BUY and ACCUMULATE FBMKLCI and quality stocks especially on market weakness at the support level to positions themselves for further market and global economy recovery in the coming months ahead.

Investors should TAKE PROFIT at the key resistance level and BUY BACK on price weakness at the support level.

The local bourse will perform in tandem with the key overseas and regional bourses on speedy local and global economy recovery theme as company outlooks are turning rosier.

U.S stock markets will be watching more economic numbers such as August retail sales, the Producer Price Index and July business inventories due on Tuesday this week for further confirmation of the acceleration of economy recovery.

Data on the Consumer Price Index and industrial production in August are due on Wednesday.

Releases on August housing stars, a weekly report on initial jobless claims and a survey of factory activity

China stock markets will be further buoy by better than expected economic numbers last week.

FBMKLCI TECHNICAL OUTLOOK.

Resistance Level at between 1120 to 1230 level.
Next Resistance Level at between 1250 to 1260 level.
Psychological Resistance Level at 1300 level.
Major Resistance Level at 1331.
Support Level at 1197 to 1202 level.
Major Support level at between 1150 t0 1160 level.

STOCK RECOMMENDATION.

IJM CORPORATION BHD RM5.90.

Renounceable Rights Issue of up to 134,931,940 new warrants at an issue price of RM0.25 per IJM Warrant on the basis of one (1) IJM warrant for every ten (10) existing ordinary shares of RM1.00each held, after the 2 for 5 Bonus Issue to entitled shareholders as at 5.00 p.m on 1 October 2009.

Entitlements EX date on the 29.9.2009.

For further inquiries please call:-
KAMEL BIN MOHD YUSOH.
INSTITUTIONAL DEALER.
KENANGA INVESTMENT BANK BHD.
013-6306544 OR 03-21634549/50.