Bursa Malaysia Weekly Summary

KLCI Weekly Chart

Where is the correction for KLCI? Daily and weekly chart is at overbought territory. Monthly is almost overbought. It seems that the new KLCI index behaves differently from the old one. With only 30 component stock, it is much easier to manipulate the index. When the rules of the game changed, as a trader, we need to change our strategy too. Nothing to complain.

Looks like the weakest sector is construction and property. The strongest is still finance followed by plantation. Can we have a index to track the O&G sector, Mr Yusli?

Malaysia	Monthly	Weekly	Daily
FBM KLCI	Up	Up	Up
Finance	Up	Up	Up
Construction	Up	Up	Neutral (-)
Plantation	Up	Up	Up
Property	Up	Up	Neutral (-)