Bursa is affected by multiple factors this year....covid, politics, economy, inflation and interest rates hike fears, MCO, cyclical factors. etc.... when can we see sea of green everyday..
@mf - DOW index I think no bank at all. DOW index now dominated by mostly consumer products, IT, payment gateway. So all this consumer product. So the rate hike definitely will scare this company, because of their income terjejas.
On the other hand rate hike is happy news for the banker, US struggling many years already without this rate hike federal reserve will lose power to control the market if the market collapse. NO MONEY READY to make adjustment.
And FBMKLCI mostly is BANKS, once BNM start to increate OPR rate..FBMKLCI will start to move forward, simply because BANKS make more money, people interested in BANKS and buy more shares of BANKS. RATE HIKE is good for EPF and PNB members, because most BANKS control by EPF and PNB, so that dividend getting better.
Quite a different scenario between DOW and FBMKLCI. And if USA continues with rate hike, is this means return of the BANKER to the INDEX...hmm..interesting game...
this is definitely going to be a positive. Guess u all can still recall that today is T-2 whereby there was a huge volume with price surge towards its all time high of 87cts. As it begins to scale new highs today, it provides a chance for contra players a way out n then new players coming in....
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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....
Newbieinshare
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Posted by Newbieinshare > 2021-06-16 15:57 | Report Abuse
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