Bursa Malaysia (KLSE) Daily Info Edge Zone

OPR Review May Push FBM KLCI

Durian Edge
Publish date: Wed, 12 May 2010, 08:05 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share


















Due to the Euro market, share around the world effected, plus early of the month most of the news roll out about "Sale in May and go away" so the big fund just hits the share market with panic like in US to full fill the concept of Sale in May and buy cheap share.

Same thing happen in Malaysia just that government is controlled the effect to minimum the impact to the index. FBM KLCI only built by 30 share and government and EPF control most of the share so big investor or speculator is hard to speculate the index. However due to the world index market running low so FBM KLCI may go sideways and most of the company also delay announce they financial report. They know it will not point to announce good financial report without push up they share price.

Tomorrow BNM will meet up to review or keep the OPR rate so sure this will bring some light to FBM KLCI and so today the market may silent.
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment