Bursa Malaysia (KLSE) Daily Info Edge Zone
2011 Last Trading Day FBM KLCI Likely Close Same At A Year Ago
Durian Edge
Publish date: Fri, 30 Dec 2011, 01:29 PM
Durian Edge
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Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
Today last trading day for 2011 may likely to see FBM KLCI close back as last year 30 Dec 2010 at 1,518 level. However, FBM KLCI successfully close above 1,500 level is not due to most of the 30 share moving up.The index is fully supported by 3 Petronas share but 3 major bank MayBank, CIMB and PBBANK did not show any big jump. PBBANK manage to recover back to above 13.00 level (Most of the fund manager rate it hold) MayBank and CIMB still did not recover back. This show that Malaysia economic did not get better compare last year.
For me, next year my profile will move more from my bank share into Petronas share due to the share is control by government and the price can moving up without high vol. I think goverment will mark the price higher to support FBM KLCI when the economic is bad and GE 13 is near.
At last here I wish all my blog reader happy new year and get more profit in share at 2012.
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Be the first to like this. Showing 7 of 7 comments
Yes, brother Stephen Lee, it's CIMB, PBBank, Maybank & Tenaga that pushes up the index. All magic show indeed.
2011-12-30 17:46
Bursa closed the year at 1530 not 1550, Stephen. Watch out when market opens on 1st trading day 2012...might lose 24 points..
2011-12-30 21:32
:Chong It is Petronas Dagangan who fist signal the pushing up. Then followed by CIMB, Maybank, RHBCap, Tenaga. Sime, HLFG & PBank. Oh yes, my typing errors of KLSE Closed at 1530.73 up 24.04 (+1.60%) W.e.f 01-01-2012, Bank Negara has released the opening up of liquidity and conditions of these Local banks.
2011-12-31 00:49
i think the first trading day of 2012 the index will not fall , either up or maintain . ........... now feeling excited to see how will market play next year , as the world coming to end according to mayan calender . .......... hehe .
2011-12-31 16:54
Yes, brother Jake, when Bursa opens on Tuesday, it may fall 24+ points and all those blue ships which had suddenly push up will be back to where it was before the push up, hmn, hmn
2011-12-31 18:40
Korea PE 8.1%, China PE 9.8%, HK PE 10.3%, US PE 11.1%, Singapore PE 13.2% and Malaysia PE 13.8%.....Would foreign fund choose to come to Malaysia? further more with election risk....?
2013-01-09 09:55
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Stephen Lee
You are wrong! the Bull charges from the last 20 minutes with just 4 super blue chips counters and the index shoot up which makes alot of different to the WORLD. KLSE closed at 1550.73 with a positive note of 24.04 (+1.60%) The only World number one Stock exchange with highest increase compared to year 2010.
2011-12-30 17:36