Stocks Selling keep persists!
The Kuala Lumpur Composite Index ended Monday 4.6 percent down, reaching its lowest level in nearly two months as selling persisted.
The index closed at 1,110.69, falling to its lowest since Jan. 12 from it's high of 1,283.47 on Feb 23. That's 173 points drop and losses of more than RM130bil.
MIMB Investment Bank analyst Lee Cheng Hooi said the index could fall further to 1,049 points and possibly test the 1,000 point level in the coming weeks if the sell-off continues.
9 comments:
One lesson I learned the expensive way is, never hang on when the market is sliding. The downside is much higher than the upside. Not worth the risk. Sell asap!
Can always buy again when the market is recovering.
Reminder. I am no market expert. Just talking by experience from the school of hard-knocks :)
Our Information Minister has other point of view about this. Seems he doesn't undertsand share market is not as simple as 1+1=2
mo ngan tai...
wah sudah kena mau kena lagi ar?
aiyoh, no wonder he failed his stats paper!
Maverick
This Mr. Primitive Minister mouth only brings SHIT and Disaster to the people. Whatever he said, the opposite worst case scenario (disaster / calamity) will happen.
What sadden me most that there are still people / small investors buying in this Mr. Primitive Minister advice. Obviously their minds have clouded their conscience. Pity lah like that.
Rakyat becoming DUMB and DUMBER; we will never progress any better than Papua New Guinea.
Is he a really born MORON???
No, he is not a moron...he is just seriously mentally-challenged especially where the working of the stock market is concerned. He thinks that he has just to smile and the shares would shoot up.
Also, he is definitely not moronic in his taste in luxury yahcts and jets.
Mave, better pray Mr Blah not trying to "curtain" the market with GLC funds.
remember chant to yourself *feel good* *feel good* *feel good* *feel good*
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