Thursday, May 28, 2009
1 and 2 days before GDP announcement
very efficient market or something else ?
Published: Thursday May 28, 2009 MYT 10:11:00 AMUpdated: Thursday May 28, 2009 MYT 10:13:11 AM
Stocks lower; Q1 GDP worse than expected
KUALA LUMPUR: Stocks on Bursa Malaysia remained in the doldrum as the Kuala Lumpur Composite Index fell 4.8 points to 1,042.9 following news that the economy contracted 6.2% in the first quarter, worse-than-expected.
Similar trend is anticipated for the second quarter on the back of weak exports and uncertainty in the external environment.
Bank Negara, in its announcement yesterday, nonetheless, pointed out that the second half of this year was likely to see a recovery with the implementation of stimulus packages, coupled with access to financing, higher commodity prices and stabilising external factors.
klse too weak.....
2 totally different world....just across a 30min walking distance bridge to the no water isalnd sgx
bad news = time to buy "?
TOKYO (Kyodo)--Tokyo stocks opened lower Thursday on unease that rising U.S. Treasury yields may hamper economic recovery prospects in the United States, with ailing U.S. automaker General Motors Corp.'s likely bankruptcy adding to jitters after Wall Street's decline overnight.
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