Bursa Malaysia (KLSE) Daily Info Edge Zone

More Money To Pump In To Support The Market

Durian Edge
Publish date: Wed, 08 Aug 2012, 08:13 AM
Durian Edge
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Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share


Current FBMKLCI is well supported by Banking and Petronas share. As you may see Banking share in Malaysia is moving into new high and the index is well supported above 1,625 level.

More money need to pump in into the market till the announcement of the GE13 date. I think as long as your money is in the banking sector and Petronas share, you will making profit.

Since this year US and Malaysia will be having election, sure they will do printing money to hide the true picture of the economic. For me, hide your money in Petronas share will be the best option.
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