Malaysia-Market factors to watch March 24

 KUALA LUMPUR, March 24 (Reuters) - Following is a list of
events in Malaysia as well as news stories and press reports
which may influence financial markets.
 (Reuters News welcomes your feedback and for any queries
please contact David Chance in Kuala Lumpur editorial on +603
2333 8033 or via email at or on
Reuters messaging
 - UMNO General Assembly and elections for the biggest party
in the coalition that has ruled Malaysia for the past 51 years.
The election of Najib Razak to the party presidency unopposed
will happen on Thursday evening. On Tuesday it starts with a
closed door briefing for delegates by Abdullah Ahmad Badawi. At
8.00 p.m.(1200GMT), Najib delivers policy speech as opening
address to UMNO Youth, Women and Women's Youth wings.

 - TM International 


EGM at 0930 a.m. (0130 GMT) Shareholders will decide on the company's planned name change and plan to boost its capital base.
 - Commodities Minister Peter Chin delivers keynote address
at Asian Biofuels Roundtable 2009 at 0900 a.m. (0100GMT)
 Malaysian shares 


are expected to soar on Tuesday to test the 890 point resistance level as a U.S government plan to soak up toxic debts pushed up Wall Street, which may resonate through Asian financial markets, traders said.

"Local shares are going to fly today and the composite index
may hit the 900 points level this week as plantation counters
get a leg up on better oil prices," said a trader with a local
investment bank.
 "The same would go for the UMNO-linked construction stocks
such as UEM Land," the trader said, referring the United Malays
National Organisation, a key party in the government which will
come under the formal control of Deputy Prime Minister Najib
Razak this week.
 * For global market news click on: [ID:nN23299471]
 -  Malaysian crude palm oil futures rose 2.3 percent to their
highest close in nearly six months on the back of fund buying,
with stronger crude oil and soy prices weighing on sentiment,
traders said.
The benchmark June contract 


on the Bursa Malaysia Derivatives Exchange rose 45 ringgit to 2,030 ringgit ($558) per tonne, the first time it closed above 2,000 ringgit since September. The previous high was 2,090 ringgit set on Sept. 30. * To see Malaysian central bank regular money market tenders issued at around 0930 local please click on the following link here * To see the top Islamic finance stories from Malaysia and elsewhere click on [ID:nISLAMIC]
 ----------------------MARKET SNAPSHOT @ 2304 GMT
------------                       INSTRUMENT      LAST     
 S&P 500                


822.92 7.08% 54.380 USD/JPY


96.94 -0.15% -0.150 10-YR US TSY YLD


2.6541 -- 0.000 SPOT GOLD


937.5 0.04% 0.350 US CRUDE


53.59 -0.39% -0.210 DOW JONES


7775.86 6.84% 497.48 ASIA ADRS


93.02 9.19% 7.83 KLSE


876.52 2.51% 21.48 RINGGIT


3.6410 -0.03% 0.01 ------------------------------------------------------------- FOR MALAYSIAN ECONOMIC INDICATORS CLICK ON [ID:nKLR417008] FOR REALTIME MALAYSIAN ECONOMIC INDICATORS, HIT


KEY GLOBAL ECONOMIC NEWS, SEE [TOP/MACRO] TOP NEWS ON ASIAN COMPANIES [TOP/EQA] FOR ECONOMIC FX RELATED NEWS HIT [FXNEWS] FOR WHAT INVESTORS ARE SAYING ABOUT DEALS [DEALTALK/] STOCKS - BUY OR SELL? [BUYSELL/] IN THE NEWS REUTERS MALAYSIA (Click on [MY-RTRS]) - Malaysia bans opposition papers ahead of new PM [nKLR58581] - Malaysia rubber exports to fall 30 pct-govt agency [nSP402488] - Public Bank eyes 1 bln rgt initial debt issue [nKLR441331] ASIA MARKETS NEWS - Asian shares are set to surge on Tuesday, with financial stocks to be among the leaders, as the U.S. government's plan to absorb toxic debts met with investor approval. [STXNEWS/AS] - Asian currencies rose on Monday as the U.S. government's plans to shore up the ailing banking system boosted investors' interest in riskier assets, with the South Korean won and Indonesian rupiah leading the pack [EMRG/FRX] - Most Southeast Asian stock markets rose to multi-week highs on Monday, as Washington's plan to rid U.S. banks of toxic assets bolstered banking shares across the region [.SO] (Reporting by Kuala Lumpur newsroom)

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