Still Early To Said KLCI Is Bounds Up

This few day we had see KLCI bounds up strongly to close to 930 point, however out their still a lot of negative news like CIMB issue and low export index.

I think this bounds up is mainly due to Najib become PM. If KLCI can maintain above at 900 point till Jun, it will likely the economic will start to recover.

Base on the past history at 1997/98 crisis, banks, telco and the power sector were among the sectors that dropped the most and also recovered fastest. So if the the KLCI is on the ware to recover this all sector is a good place to park your money.

Another opecunity will be ETF30, the lowest ETF30 had drop is at RM5.20 and now the prices is bounds up back to RM6.00 along with KLCI index bounds up. This ETF will get better performes when come to 6 July 2009, Bursa Malaysia will restructure its primary benchmark index by swapping the prevailing KLCI with the FBM30.

Thing likely to recover when come to end of the year, however now still just enter 2Q2009 so still early to put your money into share market.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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2 comments:

Elvis2020 April 9, 2009 at 12:07 PM: If you dont want to have complicated investment strategy, i suggest new investors to buy only Bursa. This is fool proof stock. Market go up Bursa go up, market go down, you still get small dividend.
Elvis2020 April 9, 2009 at 12:32 PM: There's huge volume coming in the market. I dont know whether this is foreign or local funds. But what i can say is, if Najib can pull this off, exploding market for a superbull then i think he can keep BN for another 5 years. Why? Hey, if general election and we are enjoying a bull run, i wont vote for opposition. Opposition can wait their turn when market turn bearish. This is my 2 cents opinion.

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