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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (1919)	2/5/1998 7:09:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

All; Trouble in Indonesia. The proverbial powder keg. irish-times.com Best, Stitch

To: Thomas Haegin who wrote (1919)	2/5/1998 7:15:00 AM
From: Stitch	Respond to of 9980

All; Another good day on the KLSE. From this evenings issue Star newspaper. KL shares close broadly higher Emas: 180.04 (+ 8.51) Composite: 712.81 (+ 22.05) Industrial: 1,315.95 (+ 24.79) KUALA LUMPUR, Feb 5 -- Share prices on the Kuala Lumpur Stock Exchange closed broadly higher today as the market continued to see strong buying interest. The Composite Index (CI) rose 22.05 points or 3.19 per cent to 712.81, the all Main Board Emas Index gained 8.51 points to 180.04 and the Industrial Index rose 24.79 points to 1,315.95. A dealer said it was another spectacular day in terms of volume which was almost as large as on Tuesday. Players were going for the cheaper shares instead of the usual heavyweights, he added. The Second Board Index was up 12.41 points to 178.21. Advancers outnumbered decliners by 794 to 49 while 16 counters were unchanged and 68 untraded. Total turnover increased to 908.084 million shares valued at RM1.736 billion from 671.751 million shares valued at RM1.713 billion yesterday. Turnover on the main board increased to 838.304 million shares valued at RM1.578 billion from 630.939 million shares valued at RM1.619 billion traded yesterday. On the second board, turnover rose to 69.780 million shares valued at RM158.032 million from 40.812 million valued at RM93.659 million. But off-market transactions decreased to 4.066 million shares valued at RM13.421 million from 13.983 million shares valued at RM82.037 million. Profit taking was expected after yesterday's spectacular gains, a dealer said. He said finance stocks continued to attract attention on merger talks of financial institutions. In the afternoon, Commerce Asset Holding announced it will negotiate with Rashid Hussain for a merger between RHB Bank and Bank of Commerce. The dealer said there were strong institutionals support for the market particularly from overseas players, adding that the market is expected to continue to get strong support but that gains will be limited as investorsare likely to cash in on signs of further strengthening of the market. He said the volume will still stay above the 500 million mark and that there is a good possibility that the CI will stay above the 700 level. Best, Stitch