Wednesday, January 30, 2013

Uncertainty before and after the General Election


Bursa Malaysia FBMKLCI dropped about 9 points to close Wednesday trading session at 1627.


From its peak this year, the index has dropped about 4%. Many analysts expect the index to drop further in view of the uncertainty in the coming General Election.

So far the index is able to stay within the up-trend channel. 



From the table below, one can conclude that Bursa Malaysia will be wondering in its own world for a while until the election is over. Its direction after the election is another uncertainty.




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