klci10030810March2008 black monday
The Kuala Lumpur Composite Index (KLCI) suffered its biggest loss in a decade yesterday on panic selling after the long-ruling Barisan Nasional coalition lost control of four of the country's 13 states as well as its critical two-thirds majority in parliament in weekend elections.
The KLCI dropped more than 10 percent at one point in Monday's trading. The sharp decline triggered the stock exchange's circuit breaker in the afternoon session and caused trading to be suspended for one hour. The KLCI closed at 1,173.22 points, down 123.11 points or 9.5 percent.
http://www.forbes.com/markets/feeds/afx/2008/03/10/afx4755133.html
The strong wave of selling that swept across Bursa Malaysia yesterday wiped out RM86bil, or 8.7%, from the bourse's total market capitalisation of RM984bil as at last Friday.
The KL Composite Index (KLCI) tumbled 123 points, or 9.5%, to a 14-month low of 1,173.2 points in its biggest single-day loss so far.
The intensive selling activated the circuit breaker at around 3pm. Trading was halted for an hour when the benchmark index plunged 130 points, or 10%, to 1,166. This was the first time the market-wide circuit breaker was activated on Bursa Malaysia.
The KLCI is down nearly 343 points, or 22.6%, from its record high of 1,516 on Jan 11. Such a drastic fall is a sure sign that the local bourse has turned bearish.
The ringgit also fell 1.3% to 3.2074 versus the dollar. The drop was seen as evidence of the outflow of foreign investment.
Credit Suisse said Malaysia would not be attractive until political clarity emerged over the next six or 12 months
http://biz.thestar.com.my/news/story.asp?file=/2008/3/11/business/20606308&sec=business
执政党国民阵线不能在国会取得逾3分2的席位,
持正面态度，因为这可增加政府在运作上的透明度。以前外资一直抱怨政府没有设立一套完善的监管机制，来监督政府运作是否合宜。但是现在有强大的反对党，作为监督政府的团体。这可加强外资前来投资的信心。
持异议，他认为国阵政府在大选后未能操控国会，对未来所推行的政策充满变数，因此外资可能不愿在当地投资。
http://www.kwongwah.com.my/news/2008/03/10/116.html
我国的政制经已成熟，可以实行两党政治系统。
“The new political equilibrium will, hopefully, bring with it the checks and balances, which should in the future, curb the excesses of the past,” Credit Suisse's report said.
ooia 11/3/2008
