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

Monday, April 8, 2013

Bursa to bounce back within three months after election

KUALA LUMPUR (April 3, 2013): Bursa Malaysia, which today registered the steepest fall in 10 weeks after the announcement of the dissolution of Parliament, will bounce back within three months after the 13th general election, says an analyst.
Earlier this morning, Prime Minister Datuk Seri Najib Tun Razak announced the dissolution of the 12th Dewan Rakyat to pave the way for the 13th general election.
Affin Investment Bank Head of Retail Research Dr Nazri Khan expressed optimism that the FTSE Bursa Malaysia KLCI (FBM KLCI) would post stronger gains in the second half of this year.
"This is based on certain factors like local and foreign investors currently on a huge cash war chest and on "standby mode" ready to invest," he told Bernama.
Bourses in the Phillipines, Thailand and Indonesia are up more than 10 per cent year-to-date, suggesting that Bursa Malaysia would also play catch-up post-election, he added.
Nazri said despite the selldown seen today, Affin Investment has maintained the 1,720 level as its official target for the FBM KLCI by year-end, which means any weaknesses now are excellent opportunities to accumulate stocks.
The key index moved between a low of 1,632.28 and a high of 1,692.85 throughout the day.
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