Bursa Malaysia (KLSE) Daily Info Edge Zone

FBM KLCI Likely To Deep Below 1,400 Level

Durian Edge
Publish date: Tue, 20 Sep 2011, 08:18 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
With FBM KLCI miss to rebound last week Friday, FBM KLCI continues to deep on yesterday about 1% same with most of Asia market. On last Friday when Malaysia is in holiday, most of Asia market ware bound up so Monday deep is only loss back the gain on Friday. However, for FBM KLCI Monday deep is continues loss on last week.

Malaysia market really not in good condition as Foreign investor continues they flow out from Malaysia share market and local fund is not buying into the market, so this really show that the market will deep more.

Now is not the time to buy share or sale, in long term local fund can not be forever not buying into the share market because they still need to paid salary, so up to some level they will start to buy, FBM KLCI will move sideways during accumulation by that time we as retail investor must follow.
Discussions
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carries

Is it "deep" or do you mean "dip"?

2011-09-20 10:10

jeff7839

You cannot help but notice the unloading by foreign funds of some big cap stocks. A few days back it was Genting and CIMB and today I noticed it was PChem.

2011-09-20 20:59

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