FBM KLCI Finally Close At 1,300 Level

After a few days try to hits above 1,300 level finally broken on yesterday closing push up by PBBANK. FBM KLCI is hard to hits 1,300 is due to CIMB is sale down by investor. The government likely to think that by change FBM KLCI base on 30 counter with major % come from CIMB is easy to push or control the index was wrong. Same thing investor can do to sale down the index by only attack CIMB.

However Chinese News Year rally is about to over, most of the fund manager with cash out from the market for Chinese News Year bones issue so for market to rally up more will be unlikely plus US is rolling out most of the good news so next will be the bad news. When China in holidays any bad news from US will hits us or investor will use it to over sale the share market as a correction.