Market down but shows short-term bullish momentum
It was another month of uncertainty as the year ended. As expected, the KLCI traded in a tight trading range, between 835 and 888 points, lower than the previous month. It closed at 869.62 points before Christmas and this is very near the monthly closes for the past two months.
Who To Spend?
As we enter 2009, it is no longer imperative the level of GDP growth Malaysia registered in the year that just passed – either 5.5%, 5.0% or even 4.5%. What is more important is the level of economic growth one foresees this year.
Gloomy Global Outlook
The deterioration of advanced economies such as the US, Euro zone and Japan is expected to impact the growth of developing economies such as Malaysia, say several analysts.The subprime mortgage collapse in Aug 2007 followed by a credit squeeze in March 2008 created turmoil in the US and Europe, causing the bankruptcy of several well-known financial institutions and record-level retrenchments.
Singapore Recession Deepens; Government Cuts ’09 Outlook
Our nation plunged deeper into recession in the fourth quarter as GDP marked its biggest quarterly decline since the government began publishing this data in 1976. Will we witness the most severe recession in Singapore’s history in 2009? The signs are there but only time will tell.
Prof Chan Yan Chong’s Column
Happy New Year to all readers of Shares Investment! The troublesome and tumultuous 2008 is finally over and now that we are moving into 2009, we continue to be bogged down by the troubles of 2008.
