Posted by apolloang > 2017-10-27 22:11 | Report Abuse

this is call positive ar? Thailand set index soon gonna pass KLCI

Posted by TheContrarian > 2017-10-27 22:26 | Report Abuse

If not for Tenaga's big jump, the index might have been flat.

Posted by apolloang > 2017-10-27 22:29 | Report Abuse

tenaga jump more than the dividend gonna be given

Posted by TheContrarian > 2017-10-27 22:38 | Report Abuse

True, it looked like panic buying by some funds to include higher weight into their portfolios.

Posted by hstha > 2017-10-27 22:42 | Report Abuse

Brent Oil Near Two-Year High as Saudi Prince Backs OPEC Cuts
https://www.bloomberg.com/news/articles/2017-10-26/oil-trades-near-highest-since-april-as-saudis-back-longer-cuts

Posted by hstha > 2017-10-28 12:54 | Report Abuse

Local people and analysts tend to be near-sighted and fail to see a big picture.
But foreign funds were net buyers yesterday and moved KLCI to the point a week ago. As it plunged due to unertainty of Budget 2018 this week, it was natural movement.

What's next?

A rate hike in the US is likely to happen in December, but KLCI has not caught up with a global rally yet. I think there is still much room for upside.

Posted by tecpower > 2017-10-29 11:55 | Report Abuse

http://www.thesundaily.my/news/2017/10/28/bursa-msia-likely-rebound-next-week
Bursa M'sia likely to rebound next week