Yea, felt like been cheated & manipulated. European indexes now open already -2% & oil drop below RM32. Singapore drop 70 points & for 2 days already. KLCI still so strong meh? Just drop 40 points again lah~
This week's slide comes ahead of the expected release later in the day of China's foreign exchange reserve data for December, which traders fear will show a further sharp decline as investors pull money out of the slowing economy.
China's reserves, the world's largest, fell by $87.2 billion in November to $3.44 trillion, the lowest level since February 2013 and the third-largest monthly drop on record.
China's securities regulator also unveiled new rules that take effect on Jan. 9, shareholder / investors can't sell more than 1 percent of a listed company's share capital every three months.
All I know is Tan Teng Boo has been predicting that it will crash to below 1500 points but for 1 year, nothing happened. Why I'm asking this question is because I think the powers at be here in Malaysia, got agencies like ValueCap and EPF to shore up the index. Artificially supported
Yes . Ci these few days well support . Don't be greedy once hit the target the must take . expecting CI will test next support 1640 then 1620 . Bouncing back possibility will be around 1600 - 1620 .
The international reserves of Bank Negara Malaysia
RM379.4 billion (equivalent to USD100.5 billion) as at 15 July 2015 RM364.7 billion (equivalent to USD96.7 billion) as at 31 July 2015 RM356.4 billion (equivalent to USD94.5 billion) as at 14 August 2015 RM357.7 billion (equivalent to USD94.7 billion) as at 28 August 2015 RM360.1 billion (equivalent to USD95.3 billion) as at 15 September 2015 RM415.1 billion (equivalent to USD93.3 billion) as at 30 September 2015 RM418.0 billion (equivalent to USD94.1 billion) as at 15 October 2015 RM417.9 billion (equivalent to USD94.0 billion) as at 30 October 2015 RM417.2 billion (equivalent to USD93.9 billion) as at 13 November 2015 RM420.1 billion (equivalent to USD94.6 billion) as at 30 November 2015 RM421.6 billion (equivalent to USD94.9 billion) as at 15 December 2015 RM409.1 billion (equivalent to USD95.3 billion) as at 31 December 2015
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by Zoom > 2016-01-07 16:27 | Report Abuse
lim beh pek cek already. cb jibby