Friday, January 14, 2011

KLCI closed lower today. How about next week?

KLCI closed 1.67 points lower today, but volumn traded are high 2.1 bil shares, worth RM2.5 bil.

The bull is still there, hopefully it will continue to be active for next week.

As CNY is getting closer, market could draw into correction period as the volumn traded was so huge for last few weeks. So it will not be surprise to see market going downtrend for end of next week, as correction come in.

But with US Dollar depreciate further, hopefully foreign investors will buy in more Malaysian equity and pushing KLCI in a stable range.

2 comments :

  1. i never try this before.. & never learn about it.. but hopefully it will rise next week..

    ReplyDelete
  2. Hope I was wrong and market is still hot and keep going up.

    ReplyDelete

Related Posts Plugin for WordPress, Blogger...

Blogs I Followed