Telekom and Tenaga, two of the most market capitalization stocks shed further which dragged down the cash and futures market.

The reasons of this unfavorable scenario were caused by both weak local and regional sentiment.

After the announcement of fragile figures from Bank Negara Malaysia, both forex market and stock market turned sour as investors predicted a longer period for Malaysia to recover for the crisis. The annoucement of AMC didn't help much during the mid week as any uptrend was being incorporated into selling pressure. The Ringgit closed at 3.9850 on Friday.

In Hong Kong, the Hang Seng Index was just able to settle slightly above 8,550 level this week while Japanese Nikkei 225 closed at 16,323. Regional sentiment remained weak due to the instable of Japanese Yen and other regional currencies.

June futures closed low at 499.5, a discount of 5.55 index points compared to the underlying of 505.05. This is the lowest closing price for the spot month contract after the double festive season early this year.

To recap,  total contracts traded for the week were 16,488 contracts, an daily average of 3,297 contracts. The 20-day volatility stayed below 50% level. Total open interest stayed at 20,000.