Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Wednesday, August 8, 2012

Citigroup cautious on global equity markets in H2 on political factor

KUALA LUMPUR: Citigroup Inc is maintaining its cautious stance on the global equity markets for the remainder of the year as politics continue to overshadow policy.


For Malaysia, Citi analysts are positive on the construction sector due to spillovers from the Klang Valley Mass Rapid Transit project.

Citibank Bhd head of research and investment strategist, David Chua, said: “We are also positive on the oil and gas sector as Petronas (Petroliam Nasional Bhd) have said they will be spending RM300bil in the next five years.”

Chua added that he was also bullish on the consumer sector due to the strong domestic consumption.


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