Bursa Malaysia (KLSE) Daily Info Edge Zone

FBM KLCI Close Near DMA 200

Durian Edge
Publish date: Tue, 25 May 2010, 07:46 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share


















Yesterday Asia market had a technical rebound to begin this week however Malaysia share market continues to deep closer to DMA 200 critical level. For a country with 1Q2010 GDP 10% and already review OPR 0.50% did not help any support to it share market.

Now US dollar had rebound vs Malaysia ringgit and soon Malaysia gold price will hits up high by end of the year. I think Malaysia share market may revisit below 1,000 level due to with a good economic data did not help the support of share market so how about when 2Q and 3Q review out a negative data?

How true the GDP 10% will bring in investment still remain a question? After FBM KLCI broken below DMA 200 level, it is time to invest put warrant.
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