Monday, 9 May 2016

BURSA MALAYSIA MARKET IDEAS FRIDAY (06/05/2016):


FBMKLCI READY TO BOOST BY SARAWAK ELECTION

Dear All,


  • The FBMKLCI closed lower at -12.49 point or -0.75% to close at 1645.09.
  • FBMKLCI really fail to rebound strongly yesterday however the last chance given on tomorrow and Monday after Sarawak election.
  • DJIA at the moment show positive rebound, any close above 100 over point may give more momentum on Asia market. Oil also rebound on Canada wildfire, this time seems like the natural disaster possible send out the mini bull back.
  • We shall see how DJIA closing later to final confirm whether a small rebound may happens.
  • Since the market got slightly turn positive, stock to watch are like: ALAM, KNM, ARMADA (oil sector), MAA, CMSB, HSL, AWC.


Umbrella only created after the rain, successful prediction made before things happen this Friday !

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