Millionaire Trend Trader: FBM KLCI - a major correction has started

Friday, June 14, 2013

FBM KLCI - a major correction has started

Stocks on Bursa Malaysia closed lower across the board at a five-week low yesterday due to growing concerns over the outlook for the United States monetary policies that have put global equity markets under pressure. Jitters on the US Federal Reserve, which could taper down bond purchases, put more pressure into global equity markets which have already been affected after the Bank of Japan declined to take additional stimulus measures on Tuesday. The FBM KLCI, influenced by regional sell-off, ended the day at 1,742.87, down 32.25 points or 1.81%, after hitting an intra-day high at 1,774.52 but ended at intra-day low of 1,742.87. Losers beat gainers by 803 to 142, with 186 counters unchanged. Volume expanded to 2.134 billion units valued at RM2.794 billion from 1.725 billion units worth RM2.231 billion on Wednesday. ...Read more>>

3 comments:

Anonymous said...: the fbmklci would rebound back and picking up next week , so why you said the markets HAS STARTED CONSOLIDATION ??; June 14, 2013 at 11:22 AM
Anonymous said...: after this recent consolidation market next week will be back and why MARKET CONSOLIDATION HAS JUST STARTED ??; June 14, 2013 at 11:24 AM
Anonymous said...: the fbmklci would rebound back and picking up next week , so why you said the markets HAS STARTED CONSOLIDATION ??; June 14, 2013 at 11:24 AM

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Friday, June 14, 2013

FBM KLCI - a major correction has started

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