Market Outlook as at October 26

The KLCI gained 49.17 points to close at 1398.35 last week. With that impressive run, the KLCI has finally surpassed its recent high of 1392.18 recorded on July 24. At 12.00 noon today, the KLCI was at 1404, showing a gain of 6 points on traded volume of 1 billion units. If the KLCI can hold onto its breakout level of 1392 (preferably, 1400), the KLCI's medium-term outlook would turn very bullish. For those who had sold off ahead of the 20th anniversary of the Black October but have yet to rebuild your position in the market to the desire level, you are well advised to do so quickly. This could be the time that you need to "lose your cash".


Chart: KLCI's weekly chart as at October 26 (courtesy of Quickcharts)