Komen:

Yang menarik ialah cubaan untuk menapung harga TNB (atau TBN?) supaya tidak jatuh. Selain itu mengapa Mahathir dan Rafeedah tak muncul semasa konvensyen pelabur Jerman di KL. Jerman adalah negara keTIGA terbesar melabur di sini.

Tuesday, September 19 12:00 PM

MARKET TALK-SG-KL: 3-Yr Danamodal Bond Slips

1201 [Dow Jones] MALAYSIA: 3-year Danamodal bond continues to ease as investors brace for issue of 3-year Malaysian Government Securities later this month (date, tender amount not released); now at MYR85.30, off MYR85.40 at open and MYR85.60 at end last week. "I think it is also pure profit-taking; investors had a good run over the past week," says local trader.(NHW)

1149 [Dow Jones] MALAYSIA: Traders say further downside likely for Tenaga Nasional (5347); shares down 1.8% at MYR10.90 on uncertainties about company leadership and possible earnings erosion if tariff rebalancing not carried out. Recent selling has been well absorbed as share price has consistently recovered to close above day lows; appears stock being propped up by local institutions. However traders say heavy daily volume suggests this may not last, with possible downside to MYR9.90 in next few weeks.(VGB)

1032 [Dow Jones] MALAYSIA: United Engineers (4545) shares 4.2% lower at MYR6.85 after local daily, the Star, reports analysts as saying company faces cash crunch due to delays in listing of units Time dotCom and Projek Lebuhraya Utara Selatan; listings would have raised about MYR5 billion. Company may exercise US$615 million put option with associate Renong (1775) to avoid cash-flow problems, says report, although there's some doubt as to whether option will be exercised; Renong shares flat at MYR1.70.(VGB)

1016 [Dow Jones] MALAYSIA: Foreign investors shying away from local stocks as they're still spooked by Malaysia's decision to introduce capital controls during Asian economic crisis; "Malaysia still has its renegade image," says regional economist. Analysts add government not doing enough to attract foreign investment; PM Mahathir and his trade minister notably absent from program of conference of German investors being held in KL, despite fact wooing eurozone investment will become harder as weaker EUR threatens to stem capital investment in region. Germany is Malaysia's third largest investor after U.S. and Netherlands.(RXM)

BSKL Midday:

KUALA LUMPUR, Sept 19 - The Kuala Lumpur Stock Exchange (KLSE) was lower at midday on selling activities especially on heavyweight counters like Tenaga Nasional, Maybank and AMMB Holdings, a dealer said.

However, some bargain hunting managed to prevent the benchmark Composite Index from falling further and pulled it up from the intra-day low at 726.66 points, the dealer added.

At 12.30 pm, the Composite Index shed 10.01 points to 731.20, the Emas Index declined 2.56 points to 181.22, the Second Board Index slipped 2.36 points to 183.91, the Technology Index slid 2.43 points to 90.48, while the Industrial Index fell 17.18 points to 1,339.26.

Losers led gainers 505 to 41, while 99 counters were unchanged and 356 untraded.