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2012-03-28 13:43 | Report Abuse
I beg to differ. market showed signs of fatigue. market needs a boaster (a play maker) to take the index higher. 1590-1600 seems
a mental barrier (blocking) the market. we need more solid (blue chip) counters to sustain the upward momentum not the penny stocks. this is my personal viewpoint
Blog: Finally FBM KLCI Broken 1,600 Level
2012-04-03 09:03 | Report Abuse
FDI is parking their funds in Malaysia temp to take advantage of our stable Ringgit and partly because of the unstable situation in Thailand and Indonesia.
the coming GE13 is another underlying news flow that might push the market higher. funds money are motivated by dollar and cents not our malaysia GDP.
KLSE top 50 counters mainly supported by PNB, Khazanah,EPF, LTAT, TH and other domestic funds (unit trust,insurance, banking invsetment)
make the money while the going is good but remember the old saying " sell in may and go away ( summer holiday ) " in June