Millionaire Trend Trader: FBM KLCI - lower on extended selling

Thursday, April 30, 2015

FBM KLCI - lower on extended selling

Stocks on Bursa Malaysia closed lower yesterday in line with Asian bourses as traders turned cautious ahead of the US Federal Reserve’s (Fed) policy meeting which will indicate the interest rate’s direction, and late selling pressure on Petronas Dagangan and Petronas Chemicals and other heavyweights sent the FBM KLCI down more by 12.13 points or 0.65% to 1,842.93, after fluctuating between 1,842.84 and 1,855.46 throughout the day while trading volume declined. Gainers led losers marginally 410 to 407, while 324 counters were unchanged. Total volume decreased to 1.59 billion shares worth RM1.9 billion from Tuesday’s 2.17 billion shares worth RM2.15 billion. Read more >>

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Unknown said...: According to my KLSE stock analysis, it will reach 1910 very soon and at that time people will see various market movements.; August 19, 2015 at 3:06 PM

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What's happening now is that the market remains trading at very thin volumes and that can affect prices, even when just a handful of shares are traded. The decision of any fund to pull out from certain stock hits the price. - Carlos Slim

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When people are frightened, they cut their time horizon dramatically, even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. It's really not rational, but it does happen. - David Dreman

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If you believe that some day it's going to happen, some day it probably will happen. You just have to make sure you're there when it's happening, and ideally you're at the front of the parade, and the principle beneficiary of when it happens, but it's not a kind of thing where you just sort of sit back and wait. - Steve Case

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If you buy all the stocks selling at or below two times earnings, you will lose money on half of them because instead of making profits they will actually lose money, but you will only lose a dollar or so a share at most. Then others will be mediocre performers. But the remaining big winners will go up and produce fabulous results and also ensure a good overall result. - John Templeton

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Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed. - Benjamin Graham

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. - Jesse Livermore

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Thursday, April 30, 2015

FBM KLCI - lower on extended selling

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