OPR Review May Push FBM KLCI
Due to the Euro market, share around the world effected, plus early of the month most of the news roll out about "Sale in May and go away" so the big fund just hits the share market with panic like in US to full fill the concept of Sale in May and buy cheap share.
Same thing happen in Malaysia just that government is controlled the effect to minimum the impact to the index. FBM KLCI only built by 30 share and government and EPF control most of the share so big investor or speculator is hard to speculate the index. However due to the world index market running low so FBM KLCI may go sideways and most of the company also delay announce they financial report. They know it will not point to announce good financial report without push up they share price.
Tomorrow BNM will meet up to review or keep the OPR rate so sure this will bring some light to FBM KLCI and so today the market may silent.
2 comments:
Nice Blog. :)
hopefully BNM no raise. .
else the house owner will pain more. ..
the raise up is to push ci to higher high and on the same time . .to show our eco are strong and bring more income to bank and gov, part of tax. .. but the issue is . . isn't that is the real way that our msia eco really good? it will bring more burden to residents . . huhu . .:(
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