Bursa Malaysia (KLSE) Daily Info Edge Zone

Raya rally is likely not to happen in this year

Durian Edge
Publish date: Sat, 20 Aug 2011, 10:25 AM
Durian Edge
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Dow Jones Ind deep below 10,900 level on yesterday closing. As thing did not getting better from US and Euro so Asia share market also will be at red zone. Most of the investor will flow the money out from share and into Gold so money flowing in market will be less and the index will deep very low in coming week if the fear is continues grow.

However, likely US and Euro will do something to support the share market and coming next 2 week is Hari Raya so I think investor will at the side line till the holiday end. Due to this FBM KLCI unlikely to move up so Raya rally is likely not to happen in this year.
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