MARKET UPDATE
The FBM KLCI might continue to downtrend today, tracking the weak performance on Wall Street yesterday. Market sentiment was soured by concerns about the Ukraine crisis and uncertainty over its potential effect on the global economy. At the market close, the US stock market ended in the red, as investors moved out of riskier assets and into gold and US Treasuries. Other markets in Asia and Europe also ended mostly on a weak note. Performance-wise, the Dow Jones Industrial Average eased 75.07 points, or 0.5%, to 16,368.27 (lowest close since April 25), the S&P 500 lost 10.67 points, or 0.6%, to 1,909.57 and the Nasdaq Composite gave away 20.08 points, or 0.5%, at 4,334.97. Despite the geopolitical tensions, the economic news released was encouraging with the number of people who applied for unemployment benefits fell below 300,000 for the second time in three weeks. The flight-to-safety trades pushed up prices of Treasury and gold with the yield on a 10-year Treasury note fell to the lowest level in more than a year, at 2.42%, and gold hovered above USD1,300 for the second session in a row.

global market downtrend.. time to buy... Daya strong support..

TP>0.535

DAYA engage in O&G sector amaunt about 1.63 billion....