Friday, October 01, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

KLCI: Still in overbought zone. Daily chart still show weakness. A stronger correction should take it down to 1440.

Construction Sector Weekly Chart

Construction: Looks like it has clearly broken to the upside. Next resistance is at around 285. It seems that the market doesn't care whether the government has money to built more infrastructure. One suggestion to Mr. Prime Minister: List Petronas at Bursa Malaysia. Everyone will love it!

Sector summary:
Malaysia Monthly Weekly Daily
FBM KLCI Up Up Up (+)
Finance Up Up Up (+)
Construction Up Up Up
Plantation Up Up Up (+)
Property Up Up Up

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