Direction of KLSE from today ( 17/10/2014 )

Posted by Chang Chiang > 2014-10-17 15:36 | Report Abuse

KLSE performing pretty strong today. Erasing yesterday's losses as at 3.20pm. And is the top performance of Asian region. But is this strong enough to signal a reversal coming soon? I am still trying to find out the strength of local economy and international economies to determine the coming performance of KLSE. Too many negative happenings that might cause slower revenues for businesses, slower economy and less value for their shares : low oil price, low palm oil price, low rubber price, oversupplying of new properties etc. While all these are bad for some businesses, it is good for some other businesses as their costs are lowered. What do you think?

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1 comment(s). Last comment by Chang Chiang 2014-10-17 17:22

Chang Chiang

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Posted by Chang Chiang > 2014-10-17 17:22 | Report Abuse

Finally end of today's session. Strong closing today. Overcome yesterdays losses and the volume is good. Confidence is still out there. If coming session can close above 1800, it could be going up again for awhile.

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