Bursa Malaysia (KLSE) Daily Info Edge Zone

FBM KLCI Vol Is Picking Up

Durian Edge
Publish date: Wed, 20 Oct 2010, 07:54 AM
Durian Edge
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After budget 2011 some hot money is leaving FBM KLCI component share. Vol is picking up when the price is moving down, however the sign for FBM KLCI to move up or down still did not show yet.

No cooling action have been done on property price in budget 2011 so construction share may likely to benefit for next year but we may likely will need to buy over pricing property. The plus side of this also will help GDP above 6% for this year due to high buy sale value in property by hot money.

From the surface Malaysia economic will be good so this is positive for share market, but the living cost for us will getting harder next year so be ready for the high living cost and low income living in 2011.
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