Maxis Will Be List In FBM KLCI

This week Maxis share will list on Malaysia stock exchange on Thursday 19 Nov 2009 and the next day, Friday will list in the FBM KLCI, the % of weight still not know yet but I think it will be at top 5 share. For FBM KLCI to hits 1,300 by year end Maxis share weight on FBM KLCI must be big. Up to date base on fund flow out from Malaysia, FDI is not buying this type of windows dressing on Malaysia economic by speculative FBM KLCI index so it also mean the real economic of Malaysia only goverment know.

However to benefit from FBM KLCI move higher, share like Bursa and Bursa warrant likely to bounds up. The sign of FBM KLCI will move up will be Bursa vol move high without price going up to0 high.

This week also be economic report such as 3Q09 GDP release, the Consumer Price Index for Oct and the international reserves as at 13 Nov, will all due on Friday 20 Nov 2009. Financial result announcement for this week will be Parkson, KLCC Property, MRCB, RHB Capital, WCT, BAT, YTL Power, Telekom, Plus and PPB. Likely all will be good news.