Wednesday, November 11, 2009

KLCI Summary 11/11/09

FBM composite index loss -3.93 points but able to stay at the support 1270. The volume retracted however stilll stay above 40 days VMA. KLCI could be under short term collection or consolidation as today losser 451 vs gainers 248 and 238 counters unchange. We need a fresh good news and fresh money to push the market higher or else we will see a minor collection first. Nevertheless the market still consider bullish bias.