Thursday, March 4, 2010

FBM-KLCI Still Didn't Show Any Positive Sign.

For the past few days, I have been watching how our share market reacts recently. It seems that we have nothing to cheer about. Although we can see some small movement among the blue chips counter, still they didn't show any sign that our Malaysian share market is going to move in a healthy way. Even if the FBM-KLCI still performing quite nice for these past few days, still most the counters are not performing at all.

Basically if we take a look on the world equities market performance right now, they seems to be heading for a roller-coaster ride. UP and Down. Their performance also rely on the performance of the Dow Jones Industrial Average. There are no indications or any indicators that would tell us that the world equities market are heading for a higher level. Even now we must beware that the DJIA might have the chances to bring out a huge Bears and strike the equities markets.

So, from here I would rather say that the possibilities for our Malaysian share market to move even higher level would be quite difficult, that also include the chances for us to make more profit from the current market unless we know how to choose a right counter.

Right now we can pay some attention towards the Sarawak base company as the announcement of the state election is within these few weeks only. As we can see from today movement, some of the Sarawakian base counters have started to move bit by bit.


Anonymous said...

i may be a small retailer, a nobody, but even i can see it is a bull run. how come your blog so negative?

Jackie Lee said...

It is not a bull run. What you can see it from here is the FBM-KLCI is moving and they are moving with some blue chips counters.

Many of the remisier still arguing that the market is quite hard to earn some return.

What happen these two days was just small technical rebound. I didn't mention that our market was in a negative zone but rather most of the shares are not moving and most of them didn't perform at all.

Can you share with us, right at these moments how much you have make?