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Wednesday, October 6, 2010

ZLBT >>> Charts 4 Winners

Here's all u need to get a win >>>
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The Dow Jones Industrial Average (DJIA – 10,944.72) extended its lead as the session progressed, adding 193.45 points, or 1.8%, to end at a five-month peak. The Dow's next likely hurdle sits at the psychologically significant 11,000 level.
A"perfect retest of the 1,130 level,"
The S&P 500 Index (SPX – 1,160.75) added 23.7 points, or 2.1%, marking the index's first finish atop the 1,160 level since mid-May.
Techs not to be outdone >>>
The Nasdaq Composite (COMP – 2,399.83) fared the best of the three, soaring 55.3 points, or 2.4%. However, the tech-rich index's upward momentum was stopped short at the round-number 2,400 level.
Crude Oil Futures
Crude futures finished at a five-month peak today, after Japan's unexpected rate cut pressured the dollar into the red. In addition, the closure of the Houston Ship Channel following a barge accident on Sunday, as well as a prolonged dock strike at a significant French port, also contributed to black gold's gains. By the close, November-dated crude oil futures tacked on $1.40, or 1.7%, to settle at $82.87 per barrel.
La Nina puts the wind in the sail ;
CPO cruises in tandem with higher Crude Oil & Soyoil Futures
A La Nina weather event, usually associated with above-average rainfall, has positive effects on palm trees and improves yields in the longer term. But heavy rainfall, which can lead to floods and destroy roads, may disrupt harvesting and transporting activity.
Heavy rain in several oil palm growing areas in the past few weeks may "lead to weak production growth in October. Some are expecting September production to be unchanged (from August) to slightly lower," said a Sabah-based planter.

Crude palm oil futures on Malaysia’s derivatives exchange ended higher Tuesday on a technical rebound and late buying interest amid concerns that heavy rainfall in Malaysia and Indonesia may affect harvesting activity.
The benchmark December contract on the Bursa Malaysia Derivatives exchange ended MYR39 higher at MYR2,705 a metric ton in tepid trade due to ongoing holidays in China.

FKLI tag along with firmer cash market
October 2010 and December 2010 rose 10.5
points each to 1,475 and 1,474.5 respectively,
November 2010 expanded 11 points to 1,475
and March 2011 rose 8.5 points to 1,473.5.
Volume fell to 4,138 lots from Monday’s 5,853
lots while open interests rose to 21,794 contracts
from 21,654 p r e v i o u s l y.
On the cash market, the underlying index
advanced 9.92 points to close at 1,472.19
after opening 5.75 points higher at

Malaysian Shares May Extend Gains 06 Oct 2010
The Malaysian stock market headed right back to the upside again on Tuesday, one day after it had halted the three-day winning streak in which it had gathered just 7 points or 0.5 percent. The Kuala Lumpur Composite Index ended just above the 1,470-point plateau, and now analysts are forecasting further upside at the opening of trade on Wednesday.
The global forecast for the Asian markets is broadly positive following Japan's surprising move to lower interest rates - perhaps suggesting that the U.S. FOMC may also undertake additional easing methods. Gold stocks are expected to provide support after the precious metal touched a fresh record high, while oil, technology stocks and financials also are expected to rise. The European and U.S. markets finished sharply higher, and Asian markets are expected to do the same.
The KLCI finished modestly higher on Tuesday, pushed to the upside by gains among the financial shares, plantation stocks and industrial issues.
For the day, the index collected 9.92 points or 0.67 percent to finish at 1,472.19 after trading between 1,466.93 and 1,472.32. Volume was 985.73 million shares worth 1.51 billion ringgit. There were 411 decliners and 319 gainers.Among the actives, Axiata, Public Bank, Sime Darby and Gamuda all ended lower, while Digi, Maybank, AMMB and CIMB all finished higher.

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