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Market Commentary
21 November 2008
Stocks in Bursa Malaysia declined across the board. The KL Composite closed lower by -12.33 points
or -1.40% to settle at 865.32 points, as concerns about a prolonged global recession may
substantially affect the fundamentals of the country and corporate earnings. Market direction was
also influenced by continuous decline in global markets which saw new lows being created in most of
the markets. KLCI Laggards were IOI CORP (-14 sen to RM2.94), PUBLIC BANK (-20 sen RM8.30) and SIME
(-10 sen to RM6.30). KLCI Leaders were PETRONAS (10sen to RM6.80), AIRASIA (4 sen to RM1.17) and
TANJONG (20 sen to RM12.00). Market Breath was negative with 455 decliners outpacing 124 advancers.
Total Volume increased to RM611m shares worth RM0.72b from Wednesday's RM579m shares worth RM0.77b.
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Source: JF Apex Securities Bhd
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Disclaimer: This market commentary is provided by the above company and shall not be reproduced either in part or otherwise without the prior written
consent of the said company. The opinions and information contained herein are based on available data believed to be reliable.
BURSA MALAYSIA disclaims any liability pertaining to the consequences of any errors or omissions. In no event shall BURSA MALAYSIA be liable in respect of any claim arising out of or relating to the above report, including, but not limited to, any decision made or action taken by Users in reliance upon such content, or for damages suffered, whether direct, consequential, special, punitive, indirect or otherwise, notwithstanding having been advised of the possibility of such damages.
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