KLCI Ready To Bounds Up?
KLCI have countinues moving up this few day and unaffected by oversea market as like last year. Apr and May is the months that most of the impotent major company release their report and this will make KLCI to go up or down. Off market transaction is lower each day and I think the bull run will rest to built up a base around 910 point.
Malaysia having 72% manufacturing product is for export and since the beginning of this crisis export level had drop. Manufacture cut down pay, OT and working hours will fully review out on May because now Apr is still using March salary.
I think this crisis will bottom up around July in Malaysia when US bottom up. However after this crisis, US market will been vary different compare last time and the produce we export to US will be less.
2 comments:
I agree. But KLCI has somewhat been overoptimistic. Too fast going up. But then again market alway over react to positive or negative news. I am just waiting to sell my counters. After that, i stay sideline.
Ah, sold all my shares today. Now, just wait for the market to nerve down. Maybe 1 month enter again. Those who just bought in, good luck to you. My symphathy to you in advance. Cheers!!
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