Today, FBM-KLCI managed to improve on yesterday's performance with a gain of 4 points to close at 1583. Volume traded was lower at 802 million shares and, to make a bad situation worse, we have losers outnumbering gainers by 388 to 352. What can one make of this upside breakout? An unconvincing breakout can be subject to a reversal. As such, it is risky & untradable. Let's wait for more convincing market action before deciding on the next course of action.
Chart 1: FBM-KLCI's daily chart as at July 1, 2011 (Source: Quickcharts)
Chart 2: FBM-KLCI's weekly chart as at July 1, 2011 (Source: Quickcharts)
3 comments:
Hi! Alex,
May I ask why EONCAP exercise capital refund? is it going to be delisted or merged with Hong Leong Bank? If so, EONCAP shareholders will get Hong Leong Bank shares in exchange? Big Thank You!
- Desmond Chong
Dear Alex,
What do you think of KSL Holdings? It is now trading around RM1.94. I went through its Annual Report and discovered that quite a few reputable foreign funds are shareholders. One of them is Mark Mobius of Franklin Templeton.
What's your take on KSL?
Thank you.
Hi Alex,
Just a quick check with you, when a stock announce share split and bonus issue, does it mean that the share price will up before the ex-date?
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