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FBM KLCI likely to swing sideways inside a narrow trading range

Our Malaysian bourse is expected to show a mixed market breadth today with its benchmark FBM KLCI likely to swing sideways inside a narrow trading range in the absence of market-moving news.

There was no visible lead from Wall Street last night as major U.S. equity indices finished slightly up (by between 0.4% and 1.5%) on hopes that the European sovereign debt crisis would not worsen. Meanwhile, corporate news flows back home have dwindled in tandem with the slow trading activity.

Possibly attracting a bit more interest today are the Lion Group of companies – namely Lion Corporation, Lion Diversified and Lion Industries – following media reports stating that the government is considering proposals to provide assistance to its steel manufacturing unit Megasteel in response to the increased competition from imported hot-rolled coils.


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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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