FBM-KLCI In Bad Situation? Oversold !!!

Lately we are experiencing some sharp downturn on the FBM-KLCI since the beginning of November till now. Most of the blue chip counters didn't perform at all. For almost 2 months I didn't wrote any article inside my blog because I didn't see any exciting news to write on our Malaysian share market performance. It is the worst performance for most of the counters.

 The performance and the sentiments on our share market didn't truly or show genuine share market movements. We can notice that in the beginning of the 3rd quarter our Malaysian share market start to move higher and create so many ALL TIME HIGH for the FBM-KLCI but our share market and most of the sentiments didn't support well with the index movements.

It is not an easy market to trade with and most of the counters especially the third liners and the second liners created new low. Lately there were some rumours that the 13th General Election might be held around December. I was hoping that the sooner the election being held the better our share market will be or else we will be suffering maybe till next year of March.

From the indicator reading the FBM-KLCI might stage a technical rebound around these few days. The indicators show that the FBM-KLCI is highly oversold at these moments.

Technical Rebound But Still Not Promising At All.

Another lousy share market performance. Based on the chart wise, our share market lately perform technical rebound after coming down hard from 1,655 points to 1,600 points. At these moments our FBM-KLCI is standing almost to their previous high but still our share market didn't perform accordingly. Maybe it was due to our delay in having the 13th General Election.

Lately many of the news come out stated that the next coming general election will be stage around November this year. Many of them speculate it might be held around 11.11.2012. How true is this news ???? It is just an speculation only.

From my point of views, I think it might be held maybe around March next year. That will be the full terms of Barisan Nasional governments. However we must realize that the longer the existing government drag or delay in having the 13th General Election, the longer we will be suffering with no new interest being build around our sentiments. The sentiments seems to be getting worst although the world equities market perform quite well especially the Dow Jones Industrial Average.

Worst Market Performance Even Though We Have All Time High !!!

Well I'm back again to pen down my points of views about Malaysia share market performance. Basically I didn't foresee any major development news that can help our Malaysia share market. Our share market will be stagnant all the times. Up and down a bit with no place to move to.

As we use to discuss and mention in few of my previous blogs, without the implementation of when will be the date of the General Election will be held, our share market will just die like a dead fish. No doubt we can see some of the counters are moving up but it didn't indicate we are having a healthier share market.

The FBM-KLCI is making new high but most of the counters listed were not in the same mood as the FBM-KLCI. They are moving opposite direction. This is obviously not right if our share market continue to like that. Few of my friends working as remisier also complaining on how the lousiest our share market performance at these moments. They mention this is the worst performance and the most quietest market compare to pre-election last time. 

Well as we can see that as long as our Prime Minister Datuk Seri Najib Tun Razak still delaying the date of the General Election then most of us will suffer till the date of election.