Sunday, November 28, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

Looks like KLCI is going to test the uptrend line (currently at 1430). Based on weekly chart, it is not a bear market yet. If you are holding some positions in call warrants, I think that it is a good idea to consider selling those where the underlying share is at the overbought region. I have closed my position in Kencana and KLK. Hopefully the correction is gradual so that other shares can still be pushed up.

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

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