Bursa Malaysia (KLSE) Daily Info Edge Zone

Regional Share Market Move High Without FBM KLCI

Durian Edge
Publish date: Thu, 24 Dec 2009, 11:58 AM
Durian Edge
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Yesterday Asia regional share market move high due to positive news roll out from US economic data and the rally for windows dressing may start, however FBM KLCI sill facing sale down by foreign investor.

Base on the chart FBM KLCI may facing high possibility to move lower in coming next month. Early of the month I think FBM KLCI may move high along with regional market but look like it did not happen. If foreign investor continues to sale down Malaysia share market sure the index will never hits 1,300 at 1Q2010 and we may miss a opportunity to make profit in share market before any major correction likely to happen in March 2010.

If you look outside of FBM KLCI thing is not that bad, it look like foreign investor sale down only top 10 FBM KLCI share to make sure FBM KLCI index is drop. Other share no in FBM KLCI is still look good and share below RM1.00 is highly "goreng" up by investor. For me I will think this have something done on political issue.
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