KLCI Breaks new High till 1059.88 and soften down to 1047.68

After Dow Jone went up +196 points last night, all regional markets continue to grab its steam and headed for new highs this morning. Japan Nikkei & Hang Seng Index has broken year high for 2009.

KLCI open high till 1059.88, but then soften down till 1047, it was the only regional market index in Asia that closed Negative today with Korea. Malaysia GDP was announced and down -6.2% from last year. This maybe the reason that dragged the KLCI down. Volume today was low to only about 15 Million. In order for the market to be qualified to be a bullish market, it has to have at least 20 Million to 30 Million Trading Volume.