Yesterday morning the market reacted strongly and went up about 12 points before the KL Composite Index closing with a decline in the evening. At first I was so surprised when the index moves so fast in the morning session but in the evening I didn't expect the KL Composite Index to go down.
With the index decline, most of the share prices post a little bit of decline and some even posted some gain. It's a mix market. For today overall afternoon market closing, it went bad a little bit. No doubt the share market has been react to all kind of bad news recently and moving like a roller coaster (up and down) still there is some potential for the market to move higher.
As I use to mention in previous article, accumulate on weaknesses. Don't rush in so fast, pick any of your favourite counters and wait for next year rally to appear (Chinese New Year Rally). During this time we might see an unstable market with Dow Jones Industrial Average still playing a very important role to determine the course of the market.
Last two days I have brought a newspaper: The Edge Daily and inside there was an article about MK Land Berhad. Although we all knew that the share prices of MK Land is around RM 0.16 per share; after reading the article and examined it briefly the share prices of MK Land is worth more than it suppose to be. Anyone who is looking forward to invest in this counter needs to read this article in order to understand further about this company.
1 comment:
MKLand hit second highest volume today. Very nice counter to monitor.
GPacket hits 3 month high at 91.5 & close at 88 sen nicely.
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