Today will be the day the Malaysian Government starts issuing the RM10 Billion Amanah Saham 1Malaysia Fund. If the market is very positive and optimistic about this news.
I foresee another 30 to 60 point uptrend for the KLCI, however, do take note that regional Market sentiment would still affect the performance of KLCI Futures.
US Dow Jones Market has broken 9300 Level but has starting to loose it steam, it went up about +33 points last night. With Nasdaq breaking the 2000 Level and S&P Breaking the 1000 level. This is a good sign that the market is bullish.
However, KLCI closed at 1170.50 yesterday while KLCI remains at 1179.0. Today KLCI might Gap up and then soften down. Remember to use 5 Min chart to monitor.
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