Monday, March 29, 2010

Woody Monday

After Malaysian prime minister visit to Hong Kong, there is a small rally in the plantation and steel sector today:

Wood: WTK, PWORTH, LEWEKO, ...
Rubber: LATEXX, ADVENTA, SUPERMX, ...
Steel: LEADER, CSCSTEL, ...

What's next? Since there is a NEP announcement tomorrow, the market should look bullish today unless the sunken South Korean naval ship found the unfavoring as the cause: North Korea.

Last NEP announcement by ex prime minister Badawi put Bursa in a frantic buying mode. All the plantation stocks soared like crazy in 2006.

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