STOCTOUCH research shows that 1065 is a very solid and important support for KLCI. It is very crucial to see KLCI being supported at 1065 for the next 3 months.
Political issues, cruel oil price, high inflation and weakening world economy are the concerning factors for KLCI direction. Most of the share prices are going down, and going down for the last 1 year. Traders and investors are worrying the above mentioned factors crashing the economy. As a relector for future economy, KLCI has dropping like no support.
1997 financial crisis sent KLCI to as low as 261.33. It was a crisis. Today, subprime crisis has bankrupted few banks in America, and haunted world economy and equity. Bear Stearns Companies, Inc (BSC), One of the leading Investment Bank, has dipped to USD 10 from USD 170 peak in 2007. Sentiment plays an important role in stock market. Suprime issues haunted again and again Dow Jones, and truncated the ready to rebound market.
Every major correction has its ending point. If the concerns are serious, the market will plunge a lot, if the concerns are managable, the market will find its support before the benchmark index reaches scarry level.
Though KLCI is not standing alone, the impact of subprime crisis may not send KLCI to a scarry level like 1998 as we have no direct exposure in this case.
Political issues, cruel oil price, high inflation and weakening world economy are the concerning factors for KLCI direction. Most of the share prices are going down, and going down for the last 1 year. Traders and investors are worrying the above mentioned factors crashing the economy. As a relector for future economy, KLCI has dropping like no support.
1997 financial crisis sent KLCI to as low as 261.33. It was a crisis. Today, subprime crisis has bankrupted few banks in America, and haunted world economy and equity. Bear Stearns Companies, Inc (BSC), One of the leading Investment Bank, has dipped to USD 10 from USD 170 peak in 2007. Sentiment plays an important role in stock market. Suprime issues haunted again and again Dow Jones, and truncated the ready to rebound market.
Every major correction has its ending point. If the concerns are serious, the market will plunge a lot, if the concerns are managable, the market will find its support before the benchmark index reaches scarry level.
Though KLCI is not standing alone, the impact of subprime crisis may not send KLCI to a scarry level like 1998 as we have no direct exposure in this case.
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