Blog of stock trade

Fund manager as saying financial institutions could face challenges in issuing ringgit bonds, as they were difficult to trade outside the government bond market.

Additionally, the dollar-ringgit swap market had increased in volatility in the past few weeks with a 100 basis-point shift.

The local bond market had seen an influx of foreign issuers in the past few months, but it had since cooled off, mainly due to rising inflation, challenging global economic landscapes and political uncertainties.

Analysts said bond yields had continued to increase, on expectations that interest rates would rise to curb inflationary pressures, which would cause bond prices to fall.

THE already lethargic stock market will likely come under more selling pressure in the coming days following a new twist in the domestic political arena.

Analysts expect foreign funds, especially, to continue selling out in the next few days following yesterday’s decision by a component party in the ruling Barisan Nasional to either table or support a vote of no confidence on Prime Minister Datuk Seri Abdullah Ahmad Badawi’s leadership in parliament next week.

Sabah Progressive Party (SAPP) chief Datuk Yong Teck Lee held a press conference in Kota Kinabalu, Sabah, yesterday to explain the party’s decision.
The news jolted the market, dragging down the Kuala Lumpur Composite Index (KLCI) to close at its lowest level since March 24. It shed 15.17 points or 1.24 per cent to close at 1212.59, off an intra-day low of 1208.94.

"While it is unclear what SAPP’s intentions are, it is clear that there will be more political uncertainties ahead," HLG Retail Research said in a note yesterday.

The KLCI’s next support level is seen at 1200 points, but this is fragile, and there is a significant downside gap to support levels of 1160-1170 seen in March, it noted.

SAPP did not say whether it would quit the BN to join a rival but it is expected to make its stand clear on June 23.

Websites

Bursa Malaysia - The official home page of Bursa Malaysia. You can find information about listed companies, statistic, prices, indexes and historical data. There is also a list of brokers with ranking.

ShareInvestor Malaysia - real time prices, IPO performance, important fact sheet, charts, educational articles and webcasts.

The Star Online : Business - Market Watch - Bursa Malaysia Stock Exchange - Financial news, real time quotes, financial reports, company announcements, IPO watch etc. There is a free service that lets you track your stock portfolio.

Bursa Malaysia Stock Information - There is a stock calculator that let you compute the commission and trading fees. Listed companies info is linked to Google Finance and Yahoo Finance. It has RSS subcription, which is a really good thing in Web 2.0 environment.

HotStocks | The Hottest Bursa Malaysia Stocks - collections of articles on local investment written by several authors. Most of the authors have their own personal investment blogs.

KLSETRACKER.COM - an independent equities research portal covering All Malaysian Listed Securities

Business Times Online - online financial news, stock watch, market data and IPO watch

A. A. Anthony Securities Sdn. Bhd. - provide company analysis downloadable in pdf format.

MyShare2u.com - Directories of Bursa-Malaysia-related blogs, forums, online brokrages, and financial portals.

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By Investing in shares in a public company, which has registration in a stock exchange an individual can get a share in the future income and value of the company. The capital of the company’s business is divided into a large number of equal parts called shares.

The people who buy these are the shareholders of the company.  Shares represent ownership in a company. It is also called as equity and preference shares. Investing in shares, you become a part owner of the company and have the share in future value and profits.

1.Your share value increases as value of the company increases.

2.Profits to share to the investors known as dividends. The income payments are the dividends. They do not take this money as reinvestment for the company.

3.These dividends are taxed effective.

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# Diesel prices will be raised to RM2.58 a litre
# RM625 rebate for cars below 2000cc
# Tenaga Nasional will raise electricity prices from July

MALAYSIA will raise pump prices of petrol by about 41 per cent, or 78 sen, to RM2.70 (84 US cents) a litre.

Diesel prices will be raised to RM2.58 a litre.

The new prices of petrol and diesel are far lower than the RM5.20 and RM4.22 for the fuels respectively in Singapore.

The announcement today is part of the government’s new fuel subsidy scheme mechanism which seeks to reduce the fuel subsidy amounting to an annual RM53 billion.

Domestic Trade Minister, said today the new price of RM2.70 did not reflect the full market value, which could be as high as RM3.00-RM4.00 when the price controls are completely removed in August.