Friday, March 05, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

KLCI chart has given me a weak buy signal. If it can close above 1308, then good chance of closing the gap at around 1350.

The strongest sector is finance. Plantation does look that strong at the moment while construction sector index indicates that it is making another rally. The weakest sector is the property.

Summary of sectors:
Malaysia Monthly Weekly Daily
FBM KLCI Up Up (+) Up (+)
Finance Up Up (+) Up (+)
Construction Up Up (+) Up (+)
Plantation Up Up (+) Up (+)
Property Up Neutral Neutral

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