Watch out for Time

The US market might not be performing because of Soc Gen issue where the latter announced that a rogue trader has carried out a 4.9 bil euro fraud.

If the US market is down, then it might affect our Malaysian market. However, there might be selective play on our market. For example, Time might go up because of Timecom.

At the close of the market, TimeCom asked Bursa for trading suspension of its shares from 9am tomorrow pending an announcement.

The investor believed this announcement might have to do with its 3 G licence.

Almost the same time, Digi.Com also asked Bursa for its shares to be suspended from trading at 9am tomorrow.

Investors might want to look at Landmarks because it told Bursa its land on Bintan Island will be zoned for tourism with various activities including gaming.

The KLCI rose 28.87 points (+2.13%)to close at 1383.35. Rising stocks outnumbered losers 730 to 180 on volume of 1.48 bil shares worth RM 3.18 bil.