Posted by fruitcake > 2 weeks ago | Report Abuse

everyone ok? win chicken pay cow 😁😂

Posted by Antifanaticracism > 1 week ago | Report Abuse

Run if u can. Market showing weakness. Run, run , run

Posted by Antifanaticracism > 1 week ago | Report Abuse

Sell now before u lose more. Drop going to be v steep

Posted by Antifanaticracism > 1 week ago | Report Abuse

DJ has been going up for past 3 days but majority klci shares dropped.. local funds have been buying to support the shares for the past two weeks. But klci shares became weaker and weaker. If DJ is to drop tomorrow or Monday, klci shares will steeply. Sell if u can now

Posted by Antifanaticracism > 1 week ago | Report Abuse

will drop

Posted by Antifanaticracism > 1 week ago | Report Abuse

This indicates Foreign funds are selling in large quantity

Posted by Antifanaticracism > 1 week ago | Report Abuse

Net foreign funds outflow is in the order of tens of billions

Posted by forest18 > 1 week ago | Report Abuse

I do not share that sentiment of glum, neither it is sunshine.

If you look at what the Chief Equity Strategist of Morgan Stanley said in his interview with Bloomberg, he said that the S&P 500 is range bound at the moment, asking investor to stay on the quality curve. He sees little evidence of a bear market yet, even though US economy is in the late cycle.

https://www.bloomberg.com/news/articles/2024-08-13/morgan-stanley-s-wilson-sees-few-signs-of-bear-market-in-stocks?embedded-checkout=true

Remember come September there is a very strong possibility of an interest rate cut.

Malaysia economy on the other I see is at it's early cycle, spoken to senior people in the MNC investment banks they are taking a bullish view in Malaysia's equity and currency.

Let's hope and pray what happened last Monday does not repeat itself or manifest into a financial crisis.

Posted by Antifanaticracism > 1 week ago | Report Abuse

Interest rate cut will caused capital flight out of US. Shares of US will fall because investors will sell US shares and move capital out as soon as possible before USD value drops. Shares prices of US shares will drop slowly at the beginning and gather speed latter. The drop in US shares price will affect klci for a short term.

Posted by forest18 > 1 week ago | Report Abuse

I agree with the opinion that a drastic drop in US index will effect KLCI for the short term.

But, as for the cut of interest rates in the US, I think the more likely scenario is that funds will move from fixed income etc. to equities, S&P 500 specifically. A capital flight? I doubt the Feds will lower interest rates to the extend it would jeopardise the value of the dollar, heads will roll. The interest rates cut is to simulate economic growth and full employment.

You know, what I really hope it does (this interest rate cut) is that the same fund is diverted and invested in KLCI which is under-valued and our currency is still cheap, that way all of us make a little dosh.

I maybe wrong, its economics, its about people.

Wish you well and happy!

Posted by Antifanaticracism > 1 week ago | Report Abuse

I agree that some of the funds of US will flow into klci

Posted by Mabel > 1 day ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/08/22/malaysia-shines-as-foreign-investors-return-peers-stumble?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240823&__sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFUJVQ&__stm_medium=email&__stm_source=smartech

The stock benchmark KLCI has risen more than 12% this year on the back of an AI-driven data center boom, outperforming the 6% rise in the MSCI Southeast Asia index .