Bursa Malaysia (KLSE) Daily Info Edge Zone

Will Market End Storngly This September?

Durian Edge
Publish date: Mon, 27 Sep 2010, 08:27 AM
Durian Edge
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Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share


Investors will head into this week wondering if September will end as strongly as it began for the market, with manufacturing and personal income data among the top indicators on tap for US.
Friday's advance left the three major US stock indexes with gains for the fourth week in a row, boosting investors' confidence that the upward move will continue.

However for FBM KLCI, big money had start to move they money out from blue chip and flow into penny stock, profit taking will drop the index to 1,420 support line. Beside that any up value in USD will also cost foreign investor to profit taking they share and change back to US dollar.

This week I think penny stock will be the high lined and FBM KLCI may likely to go side line.
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