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Malaysian bourse could remain under selling pressures today

The waiting game continues. There was no compromise yet by the lawmakers to reach an amicable agreement to resolve the U.S. federal debt ceiling. In reaction, Wall Street’s equity indices ended between flat and minus 0.5% last night.

Back home, our Malaysian bourse could remain under selling pressures today. The benchmark FBM KLCI may show a downward bias ahead, threatening to slip below the immediate support level of 1,550. On the corporate front, we will probably see share price actions in the following property counters today:
(a) E&O, after a local newspaper reported that the major shareholders of SP Setia plan to acquire a strategic stake in the company; and
(b) Dutaland, which has announced a disposal of 12,000 ha of plantation land to IOI Corporation for RM830m.


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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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