Bursa Malaysia (KLSE) Daily Info Edge Zone

FBM KLCI Panic Selling Ended

Durian Edge
Publish date: Fri, 12 Aug 2011, 08:17 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share


















After yesterday drop about 26% and slowly moving up is a sign that the panic selling is ended so next week share market will be more supported except more bad news flow out from US or Europe. For me I think unlikely any bad news will flow out because most of it already cause the market to "wash" out the weak money into gold.

Back home, Hari Raya is about 2 week to come so the share market may likely to hits back to 1,500 level again by next week.

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