Malaysia Market Alert: Volatile Market whole week !!

According to a few news recently, the market will be volatile since a few strong fundamental news could affect the Bursa performance.
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KUALA LUMPUR: BURSA Malaysia is likely to be volatile this week as investors continue to be jittery over the European debt crisis, coupled with the negative rating of the US economy by Standard & Poor's, dealers said.
The local bourse started last week on a choppy note, in line with the regional bourses on news of possible financial crisis.
This resulted in huge sell-off and dragged the FTSE Bursa Malaysia KLCI to below 1,500 level for the first time since March 17, 2011.
Affin Investment Bank head of retail research, Dr Nazri Khan, said the Asian markets would likely continue bouncing this week as a drop in the US jobless claims eased concerns about the global economic recovery, boosting global exporters and commodity producers.
Meanwhile, on the corporate scene, Malaysia Airlines and AirAsia hogged the limelight with share swap deal, creating a powerful synergy between them and totally changed the local airline industry landscape.
On a Friday-to-Friday basis, the FBM KLCI dropped 40.76 points to 1,483.67 from 1,524.43 previously.
The Finance Index fell 416.41 points to 14,072.74, Industrial Index declined 43.23 points to 2,715.01 and the Plantation Index lost 384.49 points to 7,208.45. The FBM Emas Index decreased 33.12 points to 10,147.1, FBM Ace slashed 255.93 points to 3,794.09, FBMT100 erased 304.17 points to 9,963.58 and FBM70 dived 460.92 points to 11,052.20.
Total weekly volume increased to 7.776 billion units valued at RM14.682bil from 6.020 billion shares worth RM9.858bil previously.
The main market turnover improved 6.135 billion unit valued at RM14.448bil from 4.089 billion units valued at RM9.53bil.
Volume on the ACE market dropped to 1.033 billion shares worth RM162.075mil from 1.38 billion shares worth RM236.207mil.
Warrants rose to 586.675 million units valued at RM64.915 million from 481.029 million units valued at RM71.227 million previously.
At 9.30 a.m.(0139gnt) Monday, there were 246 gainers, 66 losers and 139 counters traded unchanged on the Bursa Malaysia.
The FBM-KLCI was at 1,487.70 up 4.03 points, the FBMACE was at 3,811.87 up 17.78 points, and the FBMEmas was at 10,182.37 up 35.27 points.
Turnover was at 121.327 million shares valued at RM68.025 million.
The AP reported Asia-Pacific stock markets opened strongly on Monday, after stocks in the U.S. and Europe closed higher last week following a volatile few days.
Japan's Nikkei 225 index climbed 145.86 points, or 1.63 percent, to 9,109.58 in early morning trading.
In Australia, the country's benchmark S&P/ASX 200 rose 58.3 points, or 1.4 percent, to 4,230.9.
New Zealand's benchmark NZX50 index was up 24.4 points, or 0.76 percent, to 3240.9.
Global markets fluctuated wildly last week as investors already concerned over Europe's worsening debt crisis were further rattled by signs the U.S. might be headed toward recession.
Stocks in Europe and on Wall Street ended the volatile week higher on Friday following positive retail sales data out of the U.S. and after European regulators imposed temporary bans on short-selling of financial shares late Thursday.

Source: Bernama