More Down Side News Flow Out From US

US Equities continue to struggle, and seem destined for more battle in the US last week. At the same time, US Treasury yields continue to decline. US total vehicle sales for Sept was 9.20 million (annualized). That is almost 5m vehicles less than the August figure due to an end of the cash-for-clunkers programme in the US. To some extent, the PGM market has been expecting this weak number. However, it highlights the impact government assistance had on the auto industry (and the broader economy). However, it should also raise concerns about the health of many economies without government assistance.

Due to more down side news flow out from US, Asia buying appetite will affected so I think for beginning of the week of OCT will see FBM KLCI move sideways and unlikely to drop a lot due to Malaysia government will use top 5 share in the FBM KLCI list to control the index. For Oct I think I will buy in into Plantation share when the share market dip or in red sea.
























Plantation control the index 18.7% is the second bigger section after Banking (33.7%) and for FBM KLCI to go more higher, Plantation share need to be push up. All banking and plantation share are in top 10 in FBM KLCI list and together equal to 52.4% of the index. EPF also buying in into plantation share since before the Raya holidays so I think plantation share will be push up soon.