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The first part yesterday of the roundtable discussions dwelt on the KLSE#8217;s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market#8217;s probable outlook for this year, given the looming prospect of war in Iraq.
THE last trading day of 2002 saw the KLSE Composite Index (CI) closing not with a bang, but with a whimper. The much anticipated last minute window-dressing activities failed to make an impact. Instead heavyweight Maybank #150; a key component stock of the CI #150; lost 45 sen, dragging the market down.
MAYBAN Management Bhd expects a take-up rate of 60% for its newly launched Mayban Ethical Trust Fund (METF) #8211; the first of its kind in Malaysia #8211; and Mayban Value Trust Fund (MVTF) during the initial 21-day offer period ending Jan 27. Its chief executive officer Ismail Mohd Yusof was speaking after the launch of the METF and MVTF in Kuala Lumpur yesterday.
YAHOO! Inc may have diversified into fee-generating services so as to reduce its reliance on advertising sales, but that does not mean the world's largest Internet portal is slowing down efforts to attract advertisers. In Malaysia, at least, it is clearly becoming more aggressive.
Stock Market Signals: A weekly column by G.M. Teoh on the performance of the KLSE's Main Board.
The just-concluded MHF Under-19 International Invitational hockey tournament showed that Malaysia have a group of talented players but there is still a long way to go to build a top-notch squad for the challenges in the 2005 Junior World Cup.
THE KLSE closed higher for the third day in a row yesterday with a strong trading volume, but heavy profit-taking pared gains in the afternoon. The benchmark Composite Index (CI) ended an active trading day up nearly 10 points at 661.41.