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2009-01-22

KLCI Had Drop Countinues 7 Trading Days
























KLCI had countinues drop for 7 trading days and finally some good news flow out

with Bank Negara cuts key interest rate to 2.5pc. This news may give some bounds up to KLCI but I think it will not less long due to base on the chart, money is slowly flow out from market.

1 comments:

Elvis2020 January 22, 2009 at 3:11 PM  

Bank Negara took the right decision to cut interest rate. The right measure at the right time. Malaysia is lucky coz a very small trading country so fundamental measures easy to take. Not surprise further interest rate cut if economy situation continues to worsen. But looking at it, i think global economy will improve from here. US will have to 'SELL' it self to foreign investors. No choice really....

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