Bursa Malaysia Weekly Summary

KLCI Weekly Chart

KLCI: Next horizontal resistance is at 1390!

Construction Index Weekly Chart

Construction: Looks like it has broken out of the horizontal resistance. Can it close above 250?

Finance Index Weekly Chart

Finance: Can you believe that the index is now higher than before the subprime crisis?!

Property Index Weekly Chart

Property: Looks like a clear breakout. Do you have any property counter in your portfolio?

The market continues to go higher. No sign of euphoria. If crude oil continues higher towards 100, expect the play on oil and gas going into manic level. Most of the O&G counters are making a move now: waseong, dialog, kencana etc. Do you have any in your portfolio?

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