THE FTSE Bursa Malaysia Composite Index (FBM KLCI) resumed its prior technical rebounds over the last four trading days. It continued to stay above its critical resistance of 1,450 when it closed at 1,466.97 points yesterday.

The FBM KLCI rebounded strong on Monday. The FBM KLCI gapped up at 1,439.26 points before closing at the day's high of 1,456.96, giving a day-on-day gain of 19.18 points, or 1.33 per cent.

Share prices on Bursa Malaysia continued to rebound higher for the second trading day on Tuesday. The FBM KLCI trended between its intra-week low of 1,456.79 to its intra-day high of 1,474.44. It closed at 1,474.44 points, giving another day-on-day gain of 17.48 points, or 1.20 per cent.

The market paused to consolidate within tight trading range on Wednesday. It trended from its intra-day low of 1,469.86 to its intra-day high of 1,474.00. It closed at 1,472.95 points, giving a day-on-day loss of 1.49 points, or 0.10 per cent.


Overall market sentiment on Bursa Malaysia weakened on Thursday. It closed marginally lower at 1,466.97 points, giving a day-on-day loss of 5.98 points, or 0.41 per cent.

The Dow Jones Industrial Averages (DJIA) rebounded over the last four trading days. The DJIA closed at 10,594.83 points on Thursday, giving a four-day gain of 132.06 points, or 1.26 per cent.

The tech stock heavy Nasdaq Composite Index rebounded in tandem with the general market trend over the four trading days. The Nasdaq Composite Index closed at 2,303.25 points on Wednesday, giving a four-day gain of 60.77 points, or 2.71 per cent.

The FBM KLCI rebounded in two of the four trading days over the week to close at 1,466.97 points yesterday, posting a week-on-week gain of 29.19 points, or 2.03 per cent.

The FTSE Bursa Malaysia Small Cap Index gained 234.13 points, or 2.07 per cent, to close at 11,528.04 points while the FTSE Bursa Malaysia ACE Index gained 99.41 points, or 2.63 per cent, to 3,880.06 level on Thursday.

Following are the readings of some of its technical indicators:

Moving Averages: The FBM KLCI stayed firmly above all its 10-, 20-, 30-, 50-, 100- and 200-day moving averages at the market close yesterday.

Momentum Index: Its short-term momentum index continued to stay above the support of its neutral reference line yesterday.

On Balance Volume: Its short-term OBV trend continued to stay above the support of its 10-day exponential moving averages.

Relative Strength Index: Its 14-day RSI stood at the 79.32 per cent level yesterday.

Outlook

The FBM KLCI hit its intra-week high of 1,479.59 yesterday, momentarily breached the confines of this column's envisaged resistance zone (1,441 to 1,475 levels).

A quick glance at the performances of the FBM KLCI's 30 components, its gainers managed to outpace its losers by 16 to 13. PPB Group, Genting, Public Bank and Hong Leong Financial Group's combined gains of RM1.06, 59 sen, 48 sen and 38 sen helped the FBM KLCI in tracing out a week-on-week gain of 29.19 points, or 2.03 per cent. Axiata remained the top performing component with a total year-to-date gain of RM1.51, or 49.51 per cent.

The FBM KLCI's weekly chart continued to stay above its immediate downside support (See FBM KLCI's weekly chart - A3:A4) at the market close yesterday. Also, it continued to stay below the support of its intermediate-term uptrend (A5:A6).

Chartwise, the FBM KLCI's daily trend continued to trend above its revised uptrend support (See FBM KLCI's daily chart - B3:B4) at the week's close yesterday.

The FBM KLCI's daily, weekly and monthly fast MACDs (moving average convergence divergence) continued to stay above their respective slow MACDs yesterday.

The FBM KLCI's 14-day RSI stayed at 79.32 per cent level on Thursday. Its 14-week and 14-month RSI stayed at 79.66 and 72.20 per cent levels respectively.

Last week, this column commented that the FBM KLCI was likely to consolidate above its psychological support of 1,400. It did. The FBM KLCI closed at 1,466.97 points yesterday.

Heavyweight index-linked counters will continue to play pivotal roles in consolidating their recent gains. The FBM KLCI is likely to consolidate above its psychological support of 1,400.

Next week, the FBM KLCI's envisaged resistance zone is at the 1,470 to 1,500 levels while its immediate downside support is at the 1,427 to 1,463 levels.

The subject expressed above is based on technical analysis and opinion of the writer. It is not a
solicitation to buy or sell.



source HERE

Posted by Mr Thx Saturday, September 18, 2010 0 comments



The toll in Pakistan's devastating floods rose to 1,752 till now.

The floods for the past six weeks have washed away almost everything in its path. Mud and land slides have swept away over 7,000 miles of roads, bridges, schools, hospitals, electricity poles, and contaminated water and food supplies. Many parts of Pakistan are cut off, hampering and frustrating relief efforts. It is the worst flooding in 80 years. A region the size of England has been flooded.

"According to new estimates following the most recent flooding in Sindh... at least 10 million people are currently without shelter," said Maurizio Giuliano, spokesman in Pakistan for the UN Office for the Coordination of Humanitarian Affairs.

"And this does not include those who already received emergency shelter supplies and those housed in schools," Giuliano told.

MERCY Malaysia Seeks More Funding to Assist Pakistan Flood Victims



MERCY Malaysia's local project assistant Zahid Tanoli Bashir (second from right) and volunteer doctor Dr Jitendra Kumar treating patients at the Nowshera static clinic

30 August 2010 - MERCY Malaysia is seeking more funding to assist Pakistan flood victims in response to the Pakistan floods that have devastated millions of lives in the past one month. MERCY Malaysia President said the money is needed to help provide emergency medical relief to flood victims in the southern parts of Pakistan that were affected by the flooding.

“We plan to go further down south to set up more mobile and static clinics since the need for medical attention is still widely needed but at the moment the funds are “trickling into” our Pakistan Relief Fund and it puts a constraint on the scale of our relief work in Pakistan” said MERCY Malaysia President, Dato’ Dr Ahmad Faizal Perdaus.

“I urge members of the public, corporations, foundations and organisations to come forward and help to alleviate the suffering of the people in Pakistan caused by the floods by providing financial assistance through our Pakistan Relief Fund,” said Dato’ Dr Ahmad Faizal.

"The MERCY Malaysia team in Pakistan is actively involved on the ground since they arrived on 4 August. To date, we have sent three teams to Pakistan and are currently working at two static clinics in the Nowshera and Charsadda districts. Each static clinic also runs a mobile clinic; we have served over 6,000 patients through our 4 clinics, and we expect the numbers will rise as more people are displaced by the flood,” said Dato’ Dr Ahmad Faizal Perdaus.

“Both our mobile and static clinics received overwhelming number of patients that seek medical attention since MERCY Malaysia gained the trust of the local communities there,” he said.

"We at the MERCY Malaysia headquarters received reports from our staff in Pakistan that there is a high number of cases relating to conjunctivitis, dehydration and diarrhoea as there is a shortage of clean and safe water to drink and use,” he added.

“Apart from providing medical relief to the affected communities, MERCY Malaysia is also distributing hygiene kits and conducting sessions for the flood survivors to educate them on cleanliness and hygiene. We assisted 200 families in Pabbi, Nowshera, and hygiene promotion sessions were done together with local students from the Peshawar Medical College. This is important to mitigate the spread of communicable diseases -like diarrhoea and scabies- that occur during floods.”

“Since the Government of Pakistan has announced that the emergency phase is until 30 September 2010, MERCY Malaysia will continue to provide emergency medical relief to as much affected communities as we can and we hope to continue provide our services in the recovery phase after the said date, if our funding permits,” said Dato’ Dr Ahmad Faizal.

Concerned individuals and organisations can donate to MERCY Malaysia’s Pakistan Relief Fund through:

1. The following bank accounts:

MAYBANK (account name: MERCY HUMANITARIAN FUND, account number: 5621-7950-4126,

ABA Swift Code: MBBEMYKLA), or


CIMB Bank (account name: MERCY Malaysia, account number: 1424-000-6561053,

ABA Swift Code: CIBBMYKL), or

Internet Banking

- CIMBClicks (via CIMB Cares), or

- Maybank2u (via registered biller), or

- AmOnline (via registered biller), or

- EON Bank (via registered biller).

2. Donations via cheque are payable to MERCY MALAYSIA

3. To donate online, please visit www.mercy.org.my

(Kindly state, “Pakistan Relief Fund” at the back of the cheque, in the bank-in slip or at the reference column if transaction is via internet banking).

-------------------- ##### --------------------

About MERCY Malaysia

MERCY Malaysia is a nonprofit organisation focusing on providing medical relief, sustainable health-related development and risk reduction activities for vulnerable communities in both crisis and non-crisis situations. MERCY Malaysia recognises the value of working with partners and volunteers as well as providing opportunities for individuals to serve with professionalism. We uphold the Code of Conduct for the International Red Cross and Red Crescent Movement and NGOs in Disaster Relief and hold ourselves accountable to our donors and beneficiaries. As a nonprofit organisation, MERCY Malaysia relies solely on funding and donations from organisations and generous individuals to continue our services to provide humanitarian assistance to our beneficiaries.

Important Note to Media: Usage of Wordmark MERCY Malaysia

In order to avoid confusion with other organisation(s) that uses “Mercy” as the organisation’s name or part of the organisation’s name, please take note that in addressing the name of our organisation, the wordmark for MERCY Malaysia is with capitalised “MERCY”, followed by the word “Malaysia”. When describing the organisation, the term “MERCY Malaysia” must always be used in full, and should not be partially referred to as “MERCY”, or “Mercy”. Thank you for your cooperation.


For further information, kindly contact:

Mas Elati Samani, Head of Communications and Strategic Engagement,

MERCY Malaysia

Level 2, Podium Block, City Point, Kompleks Dayabumi,

Jalan Sultan Hishamuddin, 50050 KL.

T: 6-03-2273 3999, F: 6-03-2272 3812, E: mas@mercy.org.my W: www.mercy.org.my

Posted by Mr Thx Wednesday, September 8, 2010 0 comments
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