Bursa Malaysia (KLSE) Daily Info Edge Zone
FBM KLCI Moving Up Just Like Before 2008 Crisis
Durian Edge
Publish date: Wed, 01 Sep 2010, 07:57 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
This info roll out in 'The Edge' during end of May when FBM KLCI dip below 1,300:-
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients advised them to remain vigilant of a potential damaging and sustained bear trend in the coming months. He said the euro zone crisis and the Dow Jones and European equity market malaise would persist, and it was best for investors to turn defensive and remain in over 90% cash at least."Recent price movements and global volatility suggest that investors should shy away from the FBM KLCI.
The result is after that FBM KLCI had a super bull run become best market performed in Asia (better that Singapore) Now FBM KLCI index moving up only due to 9 blue chip take turn to go higher and I think government is easy to manipulate the share by using EPF money.
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