Monday, May 28, 2007

Market Recovered; Will It Still Move Up?

Straits Time3513.37+26.74(+0.77%)
SENSEX 14397.89+59.44(+0.41%)
UOB Sesdaq 218.27+0.36(+0.17%)
KLSE Comp 1339.08-1.90(-0.14%)
Nikkei 225 17587.59+106.38(+0.61%)
Hang Seng 20529.76+9.10(+0.04%)
Dow Jones 13507.28+66.15(+0.49%)
KOSPI 1657.91+13.35(+0.81%)
SSEC 4272.11+92.33(+2.21%)

Based on today's recovery, I think market today had shown some signs of buying hypes. People are buying and thinking they are buying on bargain. I believe the market will be mixed with some counters in favour up next. STI will have Gain / Loss band of not more than 10 points tomorrow. SSEC really is persistent in raising its foothold while HSI shows signs of cautions.

Pennies are mostly in the top volumes. Among them all, Armstrong and GKE Int are the most popular even in a downtrend market. Soup Res debuted without a bang; unlike energy and commodities sensitive counters, its not really that speculative. Acma seems attractive at its currently value. Have bought Acma slightly higher at 0.13 which ended at 0.125.

ARC Market Pulse Portfolio
Counter Qty Buying Price Current Price Cost Value
GlobalTest 3000 0.25 0.24 776 720
Ban Joo 5000 0.095 0.15 501.5 750

It is really not advisable to cling on to greater China fund but if you must buy and do not want to miss out on its gravity defying movement, you can buy double diversified funds or Asia based equity funds. It the spotlight, Korea, Thailand and Indonesia funds. Maintained buy.

Any opinion herein is made on a general basis and is not an inducement to trade.

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