With the impact of the high fuel price and other economic as well as political uncertainties that often plague stock markets globally, it is only natural for the local stock market to face similar implications.
The KLCI easily broke through the immediate support of 950 points and plunged to its lowest low since June 2004 at 801 points before rebounding immediately.
30 September, 2008: The Malaysian stock market was the least affected by the US financial crisis.
The US$700b rescue plan recently introduced by President George W. Bush, though supported by Federal Reserves chairman Ben Bernanke as a measure to avoid a recession, was opposed by many free-market advocates amongst politicians and economists.
The nation seems fixated on day-to-day high cost of living and the political drama played out in the media daily.
The incentives given on REITs will promote the vibrancy of the asset class and continued growth of REITs on our bourse.
The recently tabled 2009 Budget addresses the need to increase disposable income of the people as purchasing power has been diminishing amidst rising prices of goods and services since the steep increases in retail fuel prices on June 5.
This is likely because retail investors have been shying away since the 1997 Asian financial crisis and local institutional investors are increasingly investing their funds offshore.
First, former Deputy Prime Minister Dato’ Seri Anwar Ibrahim won the parliamentary by-election in Permatang Pauh and returned to parliament as opposition leader.
The Candlesticks charting technique has been used for many centuries in Japan and spread to the rest of the world only a few decades ago.