Archive for February, 2012
1. The oil and gas sector is expected to play a bigger
role in driving the Malaysian economy this year and
beyond, said Minister in the Prime Minister’s
Department Datuk Seri Idris Jala. The sector
contracted in terms of production last year, bogged
down by problems faced by Murphy Oil Corp in
Malaysia’s first deepwater oil field in Kikeh, offshore
Sabah. The Murphy Oil production level was
impaired because of the presence of sand in the oil,
said Idris, who is also Performance Management
Watch the video presentation for this March 2012 stock market comments. Click here.
Our KLSE stock market has been languishing below its peer in term of market gains. While US DJIA & SP500 has been up 6% and 9% respectively and our neighbour Singapore STI is up almost 12%, KLCI muster a single digit gain @ 1.6%. The best performers were Gold (13.1%) and Hong Kong Hang Seng (15.6%).
You may also recalled that the worst performers last year 2011 (see Jan 2012 Stock market comment) were Hang Seng and Shanghai index which were more than -20% down. So naturally when you come from a lower base, you rebound quicker.
Our KLSE closed for year 2011 with a positive note – a surprise upside for many local fund mgrs. Do we have a crystal ball now to know for certain how well year 2012 would fare ? While we don’t use a crystal ball to predict but we do use a simple market indication to let us stay with the market trend.
(If you are keen to know how we invest, come to our Investment Roadshow in Johor Bahru on 31 Mar 2012. Click here.)