MONEY MASTER

It seems like the short rally is indeed short as we were greeted with another downward trend today. FBM KLCI falls by 6.01 points to 1,658.16 The FBM KLCI closed at 1,658.16 despite having a rather good start to the day when the market hit the intraday high at 1,672.56 before falling down, tracking the regional trend. Reuters reported that Asian shares slipped on Thursday as crude oil prices see-sawed and Chinese shares dived, rekindling anxiety about the impact of high market volatility on the global economy on the eve of a G20 meeting in Shanghai. Crude oil prices fell on Thursday as downward pressure from global overproduction and slowing economic growth outweighed strong gasoline demand and lower US crude output. Brent crude benchmark was trading at US$34.07 per barrel at 0804 GMT, down 34 US cents from its last close. On Bursa Malaysia, decliners were more than gainers by about half at 565 compared to gainers at 271. There were a total of 1.65 billion shares traded, ...

FBM KLCI fell 13.11 points Reuters reported that oil prices slid on Wednesday, extending the sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry data showed a further build in US crude stockpiles. US crude futures were trading at US$31.25 per barrel at 0758 GMT, down 1.95% from their last settlement. International Brent futures were down around 1% at US$32.90 a barrel. Both dropped more than 5% in intra-day trading the previous day. The consequence of the fall in oil prices are obvious given what we have seen in the past few months...the market fall as well. FBM KLCI dropped by 0.8% or 13.11 points to close at 1,664.17.  Across Asia, Japan's Nikkei 225 lost 0.85% while Hong Kong's Hang Seng shed 1.15%. Bursa Malaysia saw 1.53 billion shares valued at RM1.51 billion traded. Decliners beat gainers at 601 versus 229. The top gainers included Kuala Lumpur Kepong Bhd and PPB Group Bhd.  The leading decli...

The volatility of the market continues as Wall Street closed lower on Thursday, snapping the 3-day rally this week as Wal-Mart fell and dragged on the market after a slowdown seen in their latest quarter earnings while oil prices pulled back as well. US market falls as Wal-Mart weighs while oil price also pulls back Wal-Mart Stores Inc (WMT.N) fell 3 percent after the world's largest retailer reported a lower quarterly profit and gave a tepid sales outlook. The stock was the biggest percentage loser in the Dow index. After the market closed, department store operator Nordstrom Inc (JWN.N) reported lower-than-expected quarterly profit and its shares sank 7 percent. The oil prices slide lower as well after rallying in recent days. The oil prices pulled back as the benchmark Brent settled lower after data showed a build in U.S. crude inventories. The Dow Jones industrial average fell 40.4 points, or 0.25 percent, to 16,413.43, the S&P 500 lost 8.99 points, or 0.47 pe...

FBM KLCI closed down 0.67 points It's quite unbelievable. With the "news" of the meeting and the freeze in oil, FBM KLCI seems to have found the light at the end's tunnel but it doesn't last. The market started on a high note, climbing to a high of 1,669.02 points in a volatile trade before closing marginally lower at 1664.32, down by 0.67 points from previous close. The Russia and Saudi effect on oil prices doesn't last as speculation is that Iran will not join in the deal to freeze output at January levels. The oil prices dropped, reversing gains earlier in the session as the concern remains that oil's oversupply is here to stay if Iran were not part of the deal. Brent crude was down 31 US cents at US$31.87 a barrel by 0739 GMT, after settling down US$1.21 in the previous session. It had climbed to US$32.83 a barrel in early trade on Wednesday. US crude fell 25 US cents to US$28.79 a barrel, after trading for much of the Asian session...