Wednesday, February 13, 2013

FBM-KLCI Tumbles 10 Percent!! Would it Happens Again????

It seems that the 13th General Election is getting nearer and nearer. It will be a tough fight for Barisan Nasional and Pakatan Rakyat as well. Things have change lots since the Pakatan Rakyat took over the states of Selangor, Penang and Kedah with the Barisan Nasional governments are maturing day by day implementing lots of goodies from the losses they suffer during last elections. It is a good thing that opposition (Pakatan Rakyat) did well to shaken them (Barisan Nasional) up.

Judging from the performance of three states, Penang is doing their best compare to previous Barisan Nasional state government. They have really wins the heart of the Penangites but things really didn't get along well for Selangor and Kedah state governments with Kelantan state out of the question because the Kelantanese already get use to it with their Islamic state administration. The rest I would say they are not really doing well after giving them the 5 years opportunity to manage the states.

Selangor states government always lauded their voices with their coffers increase many fold after managing the states for 4 years (cost cutting measure and no major developments projects) but one thing for sure they really don't know how to spend that kind of money for the benefit of Rakyat Selangor. Road maintenance, more development and construction to ease traffic congestion, infrastructure, allocation for children education, old folks benefit and lots of things never have been really plan for the future. Traffic in the Klang Valleys are getting worse each day, education cost are getting higher and higher.
Coming back to our Malaysian share market performance, it seems that we are lack behind if we want to compare it to the rest of the world equities markets. Most of the world equities markets are moving uptrend but the Malaysian share market is moving down trend. This is quite obvious that this coming election would have major effect to our current share market sentiments.

Jugging from the previous 12th General Election held in 2008, the share market went down first before the election took place. During that time the share market stay quiets and move down before the political tsunami took over the share market.

For the first time when the share market opened on 10th March 2008 after the election results, the KLCI tumble 10 % and trigger the Bursa Malaysia halted trading at 2.58pm after the Kuala Lumpur Composite Index fell 10%, which is the maximum limit. The KLCI fell 130.01 points to 1,166.32. Trading was resume at 3.58pm. I was there "LIVE" watching how the KLCI went down. It was so trilling to watch that kind of  happening once in a life time.

WOULD IT HAPPENS AGAIN ??????????

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