Bursa Malaysia Stock Watch

FBM KLCI Finally Close At 1,300 Level

kltrader
Publish date: Wed, 20 Jan 2010, 11:28 PM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.























After a few days try to hits above 1,300 level finally broken on yesterday closing push up by PBBANK. FBM KLCI is hard to hits 1,300 is due to CIMB is sale down by investor. The government likely to think that by change FBM KLCI base on 30 counter with major % come from CIMB is easy to push or control the index was wrong. Same thing investor can do to sale down the index by only attack CIMB.

However Chinese News Year rally is about to over, most of the fund manager with cash out from the market for Chinese News Year bones issue so for market to rally up more will be unlikely plus US is rolling out most of the good news so next will be the bad news. When China in holidays any bad news from US will hits us or investor will use it to over sale the share market as a correction.

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment