The decision of ECB to cut another quarter point is welcome by the market.   But it does furthet proven that money will further depreciated its value.  By the time when interest trend revert, it will be too late as yearly inflation is still highet than lending rate in average.

Lately I have come to understand from an ads that a change of government may close down the stock exchange – Bursa.

I have been trading in KLSE since 1990. I have also been trading KLOFF and KLIBOR since its inception.

I learn this from BN and I am surprised too this ads can be approved and flooding prime TV time non stop.

As the risk of both counters increasing when the polling date is near. BJTOTO may be impacted by another one or two states if PR taken over under PAS admnistration. As for UMW, car prices are going to be lowered no matter PR or BN win. When overall prices reduce, consumers will have more choice and we believe this may hit the bottom line of UMW. Together with its oil business activities if under PR government. Although BN may also win, simply a risk control and reportfolio.

We have swtiched to AFFIN, MNRB, STARIT, ALAQAR, DIJAYA, LAYHONG, CYPARK, A&M, HHHCORP and STEMLFE