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2010-04-29

FBM KLCI Still Hold Above 1,332 Level



















Yesterday Asia market was in red due to negative news flow in from US and Greek but for Malaysia the effect is not mach due to no many over sea investor in our market. Malaysia market is majority cover by EPF so as long as EPF or government did not sale share, FBM KLCI will not drop.

The good news is FBM KLCI still hold above 1,330 and I think bank sector may rise next month due to 1Q2010 financial result and OPR review. Likely the OPR will not change due to Bank Negara will not push the ringgit value more higher.

Now everyone is caution about the market will drop so likely the market will not so I think the market still have room to move up. To invest with minimum risk I think better keep only bank share and glove.

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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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