News: KL shares mostly firmer in early trade

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4 comment(s). Last comment by Jake 2012-03-28 15:30

Su Jackie

189 posts

Posted by Su Jackie > 2012-03-28 13:14 | Report Abuse

KLCI will turn more green after 4 pm today - meaning all ready for window dressing. Then we have Thursday and the then Friday afternoon session.

Will be exciting these three days and the indices around the world need some booster to provide the confidence that all is OK.

It will be easy for KLCI to edge up above 1,600, mark my words.

All the best for the 1st Quarter of 2012.

Jonathan Keung

4,436 posts

Posted by Jonathan Keung > 2012-03-28 13:43 | Report Abuse

I beg to differ. market showed signs of fatigue. market needs a boaster (a play maker) to take the index higher. 1590-1600 seems
a mental barrier (blocking) the market. we need more solid (blue chip) counters to sustain the upward momentum not the penny stocks. this is my personal viewpoint

mcd123

244 posts

Posted by mcd123 > 2012-03-28 14:40 | Report Abuse

I agreed with you Jonathan. I think its nearing the end, especially for the penny stocks.

Jake

493 posts

Posted by Jake > 2012-03-28 15:30 | Report Abuse

Yes, tend to agree with Jonathan and mcd.
This market is a tired bull and in order to reinvigorate itself, will need the blue chips and quality mid caps to get more into the limelight...not these 3rd rated penny counters which are predominantly for speculative play by greedy gamblers.
Exciting times just around the corner I hope.

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