Thursday, May 26, 2016
Dear All,
The FBMKLCI shut higher at +5.12 point or +0.31 to close at 1630.96.
FBMKLCI still sideways at base, turning green finally minute just to show enchantment minute still exist in Bursa Market.
After new home deals information discharge yesterday in USA, market is by all accounts super bullish, take after by Hong Kong market, right now DJIA demonstrating a continuation of bullish, take after HSI fates, this affirmed our premium approach HSI-Call warrant yesterday a major right decision.
Back on our bursa market, I can just say it's shocking and a large portion of the organization post poor result, just a couple that doing great resemble, get more forecast & recommendations on potential stocks:: ECONBHD, CAB, TM, TSH, KRONO.
Most likely because of absence of good result organization, our business sector get to be falling behind the world business sector. In spite of the fact that there are a couple stock show bullish, I would counsel to stay cautious.
Market forecast for KLCI:
The FBMKLCI spent the trading session on Thursday oscillating between the levels of 1638 and 1628 before closing at the level of 1631; with the majority of trading range being on the lower extreme before market closing. In-spite of two consecutive positive closings, we suggest cautious trading tomorrow due to it being the last trading of the week and traders as a rule prefer to stay on the sidelines, in order to check the market opening next week. A bearish move is expected to go till 1721, whereas a bullish swipe might touch the level of 1640.
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