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2010-07-09

OPR up 0.25% Will Bullish For FBM KLCI Today


Bank Negara raised the Overnight Policy Rate (OPR) by 25 basis points to 2.75% at the Monetary Policy Committee (MPC) meeting on Thursday, July 8 sure will help push up all Bank share by today.

4 comments:

Ivan July 9, 2010 at 9:00 AM  

That is what we call monopoly system... so use our right to vote for a good gov coming election!

I hate it!

Durian Edge July 9, 2010 at 3:11 PM  

Hi Ivan

FBM KLCI only have 30 share so for government to control the index is no problem, however this also good because as long as we invest together with the big money we are safe.

Yesterday sale my share to early, if can hold till now profit will be more.

Ivan July 9, 2010 at 5:45 PM  

Any share can buy right now?

I am trying to buy GENM-CJ, as this is an exerciseable cw , and nearly 0% premium. 2 days q, fail to get it. May let go as the expired is end of this mth.. . .

Durian Edge July 12, 2010 at 8:34 AM  

Hi Ivan

I think now the best share to buy is Bank CW, because the hot money flow in into Malaysia will focus in exchange rate so Bank share may be speculated up.

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