A pre-budget RALLY ?

KLCI has gone up steadily for last 7 days. Never lost in 7 days, fantastic ! Will KLCI sustainable or going 'south' after the announcement of Budget 2014?

KLCI closed at 1818.93 up 4.82 points on Thursday, a day before budget 2014.


It also surpassed its all time high of 1814 to 1822, but was slowly pull down and closed at 1818.93. Trading was heavy with volume at 1.5 billion shares worth RM1.6 billion.

SapuraKencana was one of the top 10 active stock beside others penny stocks like TMS, AT, XDL, etc.

Top gainers are mainly from O&G stocks.

A pre-budget rally? Does it mean, KLCI will go down after budget 2014?

For me, I will "see profit take profit" and buy nothing.