Blog: Finally FBM KLCI Broken 1,600 Level

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3 comment(s). Last comment by lotsofmoney 2012-04-03 10:15

Jonathan Keung

4,436 posts

Posted by Jonathan Keung > 2012-04-03 09:03 | Report Abuse

FDI is parking their funds in Malaysia temp to take advantage of our stable Ringgit and partly because of the unstable situation in Thailand and Indonesia.

the coming GE13 is another underlying news flow that might push the market higher. funds money are motivated by dollar and cents not our malaysia GDP.

KLSE top 50 counters mainly supported by PNB, Khazanah,EPF, LTAT, TH and other domestic funds (unit trust,insurance, banking invsetment)

make the money while the going is good but remember the old saying " sell in may and go away ( summer holiday ) " in June

mcd123

244 posts

Posted by mcd123 > 2012-04-03 09:28 | Report Abuse

But today jump start, open with 4 pt gap. It might not last. But as you said Jonathan, i might sell in April & go holiday in June.

lotsofmoney

914 posts

Posted by lotsofmoney > 2012-04-03 10:15 | Report Abuse

not finally. I have been expecting it long ago.

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