FBM-KLCI Reaching The Month of JUNE. Up or Down ?

It has been a while as we can see there was nothing much we can do about this share market performance. The turnover and the volumes were not there. It is a quiet share market at all and it is not a good share market to trade with.

Next week we will be seeing the month of June coming in. Can we expect that the Malaysian share market to move higher? I'm doubt about it as we can see there was nothing major news or changes that will enhance the share market movement.

FBM-KLCI is currently moving towards side way with the world equities started to show some weaknesses ahead. We have to be careful during this coming month of June. No doubt we cannot assume it will be a bad month for the equities market, yet we have to be on alert all the time. Basically June was not a good month for Malaysian equities market but because there were so many new giant IPO's coming in especially UOA Development, MSM Malaysia Holdings and Bumi Armada, there are chances that the share market will sustain its present trend (moving side way).

FBM-KLCI Moving Side Way But Prices Are Heading Down Bit By Bit?

Looking at current Malaysian share market right now, it seems that the sentiment is so quiet. Last week there were few indicators showing some good sign but right now it didn't seems quite well. The share market turnover or volume done didn't quite impressive at all.

No doubt the FBM-KLCI still looks nice and standing quite well but the sentiments was dull. Need more time to see where our market is heading to. At these moments watching from the side line would be the best option because I didn't expect the share market sentiments was so quiet after recently huge movement since the beginning of Japanese Earth Quake until now.

The month of May will arrive next week. It is very important to monitor how our share market are going to perform. Right now it seems there was no leader at all to lead and to guide the current sentiments. We will have to wait and see. The Bears seem to be coming out from the sleep.

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.