Market Review for KLCIThe FBM KLCI index fell 17.58 points or 1.04% on Thursday. The Finance Index fell 0.31% to 14636.28
points, the Properties Index dropped 0.08% to 1170.86 points and the Plantation Index rose 0.13% to 7712.9
points. The market traded within a range of 24.52 points fluctusting between a high of 1695.73 and a low of
1671.21 during the trading session.
The KLCI continued with its negative streak and closed lower at 1674.76 points inspite of overnight mixed
performance in Wall Street after the Federal Reserve signalled it was in no hurry to change policy.
Market forecast for KLCI
Going against the hopeful expectations of majority of Traders, the FBM KLCI continued with its steep fall for a consecutive third day; resulting in filling of a previously existing gap at the level of 1673 level. With the major economic events of Central bank meetings of US and Japan over; the only negative factor to restrict an upward movement is the usual position closing on the last trading day by cautious traders whose fears have now risen to the level of hysteria. With the market closed on Monday due to workers day;we can expect the cool off period to help initiate an upward move which if reaches the 1686 level should provide enough motivation to crank-up the market
Market forecast for KLCI
Going against the hopeful expectations of majority of Traders, the FBM KLCI continued with its steep fall for a consecutive third day; resulting in filling of a previously existing gap at the level of 1673 level. With the major economic events of Central bank meetings of US and Japan over; the only negative factor to restrict an upward movement is the usual position closing on the last trading day by cautious traders whose fears have now risen to the level of hysteria. With the market closed on Monday due to workers day;we can expect the cool off period to help initiate an upward move which if reaches the 1686 level should provide enough motivation to crank-up the market
