I doubt it is window dressing. It is more like painting a rosy picture by interested party at the last minute of the closing. The index is not a true reflection of the overall market, far from it.
Almost all Asian market is up by around 1%. Bursa?? Last trading day 2012 up last minute like crazy and 1st trading day 2013 gave up most of the gain of previous trading day.
Only in Malaysia. Market manipulation. Why dont BURSA issue UMA to Maybank? KLK? only fair that they do...dont just bully all the small counters. Up a bit staright issue UMA
this is not the 1st time... many times already especially 3 or 4 months ago... when others up, we down.. and when others down, we up alone, that time don't wonder.. we are weird because the big fund are manipulating it.. maybe tomorrow we will see some light.. our index is overbought.. good consolidation today.. atleast we correct during the 1st day trending after US news on fiscal.. the world trending is still insight...
M'sia have it's own personalities,that why it will not affected by the whatever cliff. Most of our equities is hold by local mutual fund only,that's why sometimes you will feel very boring,since lack of fluctuation.
it is some sign of precautious measure ahead for market volatility around the world (vix gjr-garch) >20% and have hook-up formation by technical. the hot money was show his hand.the fund flow may be go to park in another safe haven.
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Posted by kcchongnz > 2013-01-01 07:44 | Report Abuse
I doubt it is window dressing. It is more like painting a rosy picture by interested party at the last minute of the closing. The index is not a true reflection of the overall market, far from it.