Wednesday, June 29, 2011

FBM-KLCI Sets To Make All Time High?

The month of July is coming. How our FBM-KLCI fares right now? We can see most of the counters traded still at their low. Lately we seem to have an experience of a roller coaster ride in our share market with few counters like KNM, MAS, MUHIBAH, MAA, TIMEdotCOM tumbling to their lowest.

Basically it is not good for our share market as this kind of situation will dampen current share market sentiment even deeper. Looking at the charts of the FBM-KLCI, we can foresee that the FBM-KLCI still stand very strong and it is likely the FBM-KLCI will create a new high anytime from now. We are just having a different of about 5 to 10 points to break all time high of 1,576.95 set on 6th January 2011.

It seems that our Prime Minister Datuk Seri Najib Razak is doing a great job in handling the current Malaysian share market sentiments especially the FBM-KLCI index. Checking on some of the few counters movement and based on yesterday MSM Holdings Berhad listing, the market sentiment looks improving. Maybe next one or two weeks we might have some movement in our share market. So it would be better to look out for our favorite counters as well (going for speculations). We might have some opportunity to make some.

It seems that the Bulls are starting to make a come back with FBM-KLCI showing more signal to make a new high. Will it be a Big Bull coming back or just a small cow hanging around the farm? Time will tell (still hoping for the total turnover or volume done to achieve above 1 billion mark everyday).

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