http://klse.i3investor.com/servlets/anpth/1022376.jsp

http://klse.i3investor.com/servlets/anpth/1022422.jsp

Ministers from the Organization of the Petroleum Exporting Countries meet in Vienna next month to discuss output policy and may decide to reduce production, industry analysts say.

"Until OPEC makes some moves to reduce supply, oil prices are likely to remain under pressure," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt.

With over a month until the meeting, oil markets are facing several weeks of volatility, Hewson of CMC Markets said.

"There is real potential for a price war because Saudi Arabia is reluctant to cut production," he added.

It is a related topic, I was telling in this forum stop chopping trees n destroying natural habitat (killing animals etc) instead focus on d existing land by increasing d yield..for d attention of @Wan Zuhdi..u must try to read in between lines...no offence please.

Ha ha d world has not come to an end....some of u r good jokers keep joking!!!!!!!!!!!!

KUALA LUMPUR (Oct 7): The World Bank has upgraded its Malaysia economic growth forecast to 5.7% in 2014 from the previously-estimated 4.9%.

The upgrade followed the country's "robust exports" performance in the first half of 2014 (1H14), according to World Bank's East Asia Pacific Economic Update.

"China, Malaysia, Vietnam and Cambodia are well positioned to increase their exports, reflecting their deepening integration into the global and regional value chains that have driven global trade in the last 20 years," World Bank said

.....correction US may bomb some

Please don't blame anybody besides serious talking, a lot of fun n jests going in this forum, HS n nobody shd be blamed, we never expected crude oil price to drop, wait n see soon USD will turn weak n price oil may go up or simple or US may some of d oil fields.

#Global Markets* Asian shares push higher, dollar languishes

"Asia (Tuesday) looks to be back to normal trading conditions, with mainland China back online (on Wednesday) after the week-long National Day celebrations," said brokerage IG, according to Dow Jones Newswires.

On oil markets, US benchmark West Texas Intermediate for November delivery rose four cents to US$90.38 while Brent crude for November gained seven cents to US$92.86.

It is time US bomb oil wells in Arab land who r flooding d mkt with abundant oil!!!!

While the plunge has rekindled speculation that the Organization of the Petroleum Exporting Countries (OPEC) may need to cut output for the first time in six years when it meets next month, some analysts are looking much further ahead.

They say a long-anticipated fundamental shift in the market may now be under way, ending a four-year stretch when $100-plus prices were the norm, and opening a new era in which OPEC restraint once again becomes paramount.

Hong Kong protest leaders agree to talks as numbers dwindle
Tuesday, 07 October 2014 12:00
HONG KONG (Oct 7): Small knots of pro-democracy demonstrators remained on Hong Kong's streets Tuesday morning after protest leaders agreed to talks with the government and dwindling demonstrator numbers dropped further.

Angola delaying planned increase in oil output to 2017 from 2015
Tuesday, 07 October 2014 11:35
(Oct 7): Angola, Africa’s biggest oil producer after Nigeria, plans to increase output to 2 million barrels a day by 2017, according to Finance Minister Armando Manuel. That would be two years behind an earlier target.

Angola will budget next year for oil prices from $88 to $92 a barrel, said Manuel, who is urging the Organization of Petroleum Exporting Countries to take steps to avoid more declines. Brent is down 16 percent this year in London, the most since a 51 percent drop in 2008.

Not only Suma is worrying all related O&G stocks r still holding strong wait until Opec meets in Nov......

KUALA LUMPUR (Oct 7): The FBM KLCI stayed in positive territory at mid-morning on Tuesday, in tandem with the gains at most regional markets.

At 10am, the FBM KLCI added 4.12 points to 1,844.94.

The top gainers included BAT, HLFG, DKSH, Nestle, PPB, LTKM, KLCC, Dana Infra, United Plantations, Scientex, Axiata and Perak Corp.

Sumatec was the most actively trade counter with 30.76 million shares done. The stock fell 1.22% or half a sen to 40.5 sen.

Futures in Kuala Lumpur climbed as much as 1.4 percent to 2,177 ringgit ($668) a ton on Oct. 3, before settling at 2,169 ringgit. Palm plunged to 1,914 ringgit on Sept. 2, the lowest since March 2009. Prices may trade in a range of 1,900 ringgit to 2,400 ringgit until the end of the year, Santoso said.

Rank Company Score
1 KSL 1000
2 SUMATEC 941
3 DSONIC 873
4 CENSOF 860
5 GLOTEC 818
6 AT 794
7 BJCORP 715
8 SKPRES 550
9 IFCAMSC 537
10 IRIS 516

http://www.thestar.com.my/Business/Business-News/2014/09/03/Halim-set-to-raise-stake-in-Sumatec

Panic selling due to drop in crude oil price but sharks r collecting!

Fundamental outlook

US surprised the market with its robust growth in workforce which affected the stock sentiments. Japan has indicated optimism in capital spending among big manufacturers but consumer spending remained sluggish. Britain’s economy grew amid widening deficit in the current account.

Tks @SuperBear....Extraction of Shale oil is not going to be cheaper then crude oil in cost wise so lets wait for Opec meeting to reduce production.

Dow Jones 17,093.84 +84.15 0.49%
Nasdaq 4,492.62 +16.99 0.38%
as at 10pm hope it keeps momemtum.

Palm oil price for biodiesel is viable if price @ RM1900 n below on d contrary to extract "shale oil" is very costly, more costly then d present cost of production of crude oil. The issue here is, Arab oil producers r throwing oil into d open market (over production) now depends on Opec to control production. India also having huge "shale oil" but not doing anything becose of cost.

Stocks on Wall Street jumped more than 1.0 percent on Friday, with the S&P 500 posting its best day in almost two months to end at $1,967.90.

TOKYO (Oct 6): Japanese stocks bounced on Monday and the U.S. dollar held near four-year highs against a basket of currencies, as upbeat U.S. jobs data boosted sentiment after a week of worries about global growth and geopolitical tensions frayed investor nerves.

Can I say US strengthening US dollar to bring price of crude oil down to crash other countries economies which is temporary b4 they bounce to gain in this scenario?....History repeats looks like this is a repeat of what US did in d 1960s' when they released "rubber stock pile" n crashed our economy n we end up borrowing from World Bank. Coincidently our money also depreciating!

Nonetheless, the positive reversal seen in the US markets last Friday could be a catalyst momentarily to start the ball rolling for a pre-budget run-up this week.

It was highlighted in this column two weeks ago that the benchmark index has a strong tendency to rally in the two-week period prior to budget as the probability was high at 82.4 per cent with an average gain of three per cent.

While we have already lost a week in flat performance, no thanks to the growth scare caused by Europe, China and the US, the Dow’s performance last Friday could be a game changer.

There is no secret that the budget is going to be another expansionary budget that would strive to strike a balance between growth and deficit reduction, without affecting the rakyat’s welfare.

http://www.nst.com.my/node/40246

US jobless claims slid 8,000 to 287,000 in the week ended September 27. The monthly payrolls boosted 248,000 workers in September while unemployment rate was down to 5.9 per cent which was at six-year low.

Before the weekend, the US trade deficit shrank in August to its lowest level in seven months by US$40.1 billion. Dow Jones benchmarks recovered from the passive sentiment earlier in the week and closed at 208 points gain.

If oil price collapse US economy may collapse first but they have huge reserves but US using crude oil price to control d world mkt now which is which confusing anyway Opec meeting in Nov.

My percetion based : market have been down for d last more then a month i forsee sudden surge using Budget 15 as an escuse for d catalyst. While no improvement on crude oil price but palm oil price improving... Blue chips may surge n also feel foreign funds may come in temporarily due to cut in corporat tax...?????????

China Vows To Maintain Steady Credit Growth

4 hours ago
BEIJING: China's central bank said on Sunday it will use various monetary tools to maintain adequate liquidity and reasonable growth in credit and social financing.

4 hours ago
NEW YORK: A positive vibe returned to the U.S. stock market last Friday, leaving some to wonder if, after two weeks of losses, the latest selloff scare was over. The best clues may come from what happens to low-quality corporate bonds.

Last Q red so next Q in March 15 if black will may be appteciated?

“Hence, we prefer to adopt a buy-on-dips strategy on momentum stocks perceived to be Budget 2015 winner.

“We generally believe any fiscal stimulus in the Budget 2015 could be supportive to equity market which may include corporate income tax cut, allowance or personal tax break ahead of GST implementation,” he said.

Nazri said the implementation of GST should be positive for the mobile telco player and major accounting solution provider.

“We however expect Budget 2015 to cushion the weakness especially for technology, telco and construction sectors benefitting from GST and other development measures of the National Budget,” he said.

Nazri, who is also president of the Malaysian Association of Technical Analysts said that on the technical front, the FBM KLCI was oversold and had now reached a critical level of major support.

“From a very short-term standpoint, it is logical to expect the FBM KLCI to make some attempt to hold its ground here.

“A decisive violation of 1830 support level, which corresponds with the August lows, would usher in significant selling while the break above 1850 resistance will push for more accumulation,” he said.

Nazri however said he views any weakness as temporary and represent a healthy correction on a larger Bursa uptrend, given that the local index had corrected 2.3% after making a strong rally this year (KLCI gain 127 points or 7.2% from February to July when it hit 1896.23 on the 8th July 2014).

Nazri added that the geopolitical tension spotted in Ukraine-Russia, Syria-Iraq as well on going protest in Hong Kong is also likely to dampen mood near term.

“We however expect Budget 2015 to cushion the weakness especially for technology, telco and construction sectors benefitting from GST and other development measures of the National Budget,” he said.....From Edge by Nazri.

At the global markets, a strong improvement in the U.S. jobs market lifted the dollar to a four-year high against a basket of currencies on Friday while stocks also extended gains, taking heart from more evidence of a sustained recovery in the world's largest economy, according to Reuters.

Monday dull...pre budget rally expected but Suma not index linked but nevertheless i expect Suma may hit 50 by end of d week. I feel mkt hv been dull for sometime so index linked stocks shd be moving.

No! No! RI did not cause any mess, when HS proposed 40ct he expected mother to go above 62 but external factors n internal negative effects caused d drop in price."Man proposed n God disposes".

“The CPO price, which has fallen to a five-year low just slightly above RM1,900 per tonne last month, has now increased by about 15% to an average of RM 2,230 per tonne.

He describes the duty exemption would result in a level playing field as well as a healthy competition between Malaysia and Indonesia, being the world’s largest palm oil producers.

The zero export duty on CPO by Malaysia could help increase the export volume of CPO, says Lee who expects a steady demand for palm oil by China given the upcoming Chinese New Year festival.

Gandhi Jayanti is a National holiday in India celebrated on the 2nd of October, to mark the occasion of the birthday of Mahatma Gandhi.

Gandhi once said: “The greatness of a nation can be judged by the way its animals are treated”.

How great is our Nation in treating the animals?

Tks for d interesting video.Monday may be dull becoz of d public holiday...Tuesday onwards i belief klci should be going up for Budget rally as d mkt hv been dull sometime...lets hv high hopes.

http://www.nst.com.my/node/39813

Iris tackles slum problem with ‘Lego’ housing

Saturday, October 4, 2014 - 00:18
A MALAYSIAN low-cost housing project could lift some of the world’s 860 million slum dwellers from poverty by helping them to secure jobs, food and shelter.

Yes! As at now crude oil price still neutral.

Not only crude oil price other factors both internal/external determine d movement of Klci.Mkt hv been dull for sometime... looks like Global stocks r poised to move up n Klci may follow suite n some goodies in d budget 15 may spike d index n Suma may follow d "crowd"... Lets read d focus n Edge, see if any positive news!