Tuesday, April 26, 2011

FBM-KLCI Moving Up Or Moving Down ?

Looking at the share market condition right now, the turnover or the volume done was not impressive enough to push the market. In order for the Malaysian share market to push higher, turnover or the volume done must achieve around 2 billion shares a day.

Basically it seems that most of the counters are moving side way with few started to move a bit higher. Sentiment was not bad with the momentum still show some potential to move higher. At these moments it might be boring watching where our favorite counters tend to move. They seem to be playing around up and down in a small range (2 to 4 bits only).

It is important to watch and search whether there would be a market leader to bring and to lead the current dull sentiments. With the 13th General Election still playing around, putting some attention towards the Government link share will eventually help the current sentiments and our income.

FBM-KLCI must stay above 1,520 points at these moments. If FBM-KLCI breaks that level and close below that level, we would have to evaluate again the whole situation. Let us wait and see whether the FBM-KLCI still can hold on above these levels.

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