Next Week FBM KLCI Outlook - Bad News May Manipulate Into Good News!

Base on the chart, FBM KLCI index still move in the bearish form and after close above 1,520 level and if did not broken it, the index may dip below 1,500 level very soon. The GDP rate at 7.2% had give some support to the index however the effect only come with low vol so the support is not strong.

In Malaysia eye, Najib said the 7.2% is very good however in foreign investor compare Malaysia GDP is half the rate of Singapore’s 14.5% only and Malaysia a resource rich nation was largely saved the blushes of being surpassed by the tiny city of Singapore. So the news may be good or bad just depant how you see it.

Next week is the impotent week for Malaysia market because government had use money to push up the share for the good news of GDP so likely the foreign investor big money well sale down it to make profit again.