FBM KLCI Last Minute Bounds Up A Sign Of Danger
Yesterday FBM KLCI close with up +5.36 at last minute before close, if you see on the lot done on this last minute before closing you will be suspected something is wrong. Share like CIMB trade in red most of the day but at last minute some one buy at RM13.10 with 100 unit done only. They are a feel share in FBM KLCI trade last minute with only 100 unit done. Base on calculation in this last minute for FBM KLCI to buy up 5.36 point can be done with only using about RM10K. It really shock me!
If you look into CIMB the buy is at RM12.92 but the sale is at RM13.10 RM0.18 more. Usually the buy will Q at RM12.94 so CIMB price had placed up 18 staps with no buyer from RM12.94 till RM13.00 and last done on RM13.10. This really show that someone really can make up the FBM KLCI index, this last minute bounds up will be a sign of Malaysia economic danger due to we will never know the turn picture of Malaysia economic.
Now we know foreign investor is running away from Malaysia, government is placing extra tax on us and Khazanah is selling out GLC share to EPF so now also the index may end with what point they like, wow is it something is vary wrong with Malaysia economic and financial status? I think only government will know how wost ours situation is.
If you look into CIMB the buy is at RM12.92 but the sale is at RM13.10 RM0.18 more. Usually the buy will Q at RM12.94 so CIMB price had placed up 18 staps with no buyer from RM12.94 till RM13.00 and last done on RM13.10. This really show that someone really can make up the FBM KLCI index, this last minute bounds up will be a sign of Malaysia economic danger due to we will never know the turn picture of Malaysia economic.
Now we know foreign investor is running away from Malaysia, government is placing extra tax on us and Khazanah is selling out GLC share to EPF so now also the index may end with what point they like, wow is it something is vary wrong with Malaysia economic and financial status? I think only government will know how wost ours situation is.
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