Friday, April 27, 2012

Why KLCI Down Today

KLCI down 12 points to 1566 at around 4.30pm and was traded with thin volume.

Several reason behind the double digits fall. One of them could be the Bersih 3.0 to be held tomorrow.

The Euro financial crisis surfaced again. Even though Dow Jone up almost 1% or 113 points last night. It does not help world market from falling down.

May be the investors took this 'excuse' to sell-off or exit market ahead of May.

"Sell in May and Go Away"

The staging of Bersih 3.0 tomorrow and also the public holiday on next Tuesday are major influence to KLCI turning red today.

Hopefully Bersih 3.0 will be held in peaceful manner and with minimal trouble or no trouble at all.

Tuesday, April 24, 2012

KLSE is not looking for next few days.

It seem like markets are heading no way or going south soon, as more and more negative news appeared one after another.

Again all the bad news mainly come from Western part, like political issues in France and Holland, financial issues for PIIGS.

Couple with some bad earning from big firms in US.

Over local front, KLCI is still hanging around 1580-1610 level. KLSE will be saved as long as the election date is not announced yet.

For next few days, KLSE will see some pull-back or sell-off as Bersih 3.0 will be taking place over this weekend and also next Tuesday is a national holiday for Labor Day celebration.

Monday, April 16, 2012

Market is slowing down.....

Today is the first day of looking at KLCI after one week of holidaying in Taiwan but it was a disappointing sight, in red and losing 1600 level.

The market is slowly pulling back after months of heavily traded. At this moment the KLCI is down from 1600 level, i think it will stay at 1500 level for awhile. Unless there are any surprise news to push the market momemtum to higher level.

With western markets having bad news one after another, chances for KLCI to hit higher level in short term is not easy.

Hopefully our election theme is still hot.......

Monday, April 2, 2012

AFG share price surged

Alliance Financial Group Bhd (AFG) share price surged pass its year high to RM4.04 this morning and became one of the top ten gainer in KLSE.

The stock price surged was due to the news that Singapore's DBS Bank Ltd had obtained the Malaysian central bank approval to start talks to buy the stake hold by Temasek.

AFG is the seventh-biggest lender by market value in Malaysia.
Related Posts Plugin for WordPress, Blogger...

Blogs I Followed