Bears usually hibernate through the winter but not this bear. This bear will be stalking the equity markets through the last two months of the year, scenting the blood trail of negative market sentiments.
Already, the recent rebound in the Malaysian stock market is over as the issues that keep popping up this year – speculation over a US interest rate hike, weak commodity prices and weak ringgit – continue to weigh on market sentiments.
To put things in perspective, Bursa Malaysia’s benchmark FBM KLCI has not traded above the high on Oct 19 when it closed at 1,718.20. Up until Thursday’s close, the FMB KLCI has shed 43.95 points or dropped 2.6% for the week compared to the Oct 23 close.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
Already, the recent rebound in the Malaysian stock market is over as the issues that keep popping up this year – speculation over a US interest rate hike, weak commodity prices and weak ringgit – continue to weigh on market sentiments.
To put things in perspective, Bursa Malaysia’s benchmark FBM KLCI has not traded above the high on Oct 19 when it closed at 1,718.20. Up until Thursday’s close, the FMB KLCI has shed 43.95 points or dropped 2.6% for the week compared to the Oct 23 close.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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