Wednesday, January 7, 2015

KLCI midweek update


















As of the pre-opening today, the KLCI index is just slightly over 1700 points. It shed 20.04 points yesterday, representing a 1.15% drop which is quite significant.

The aftermath of cheap oil prices have taken its toll on Malaysia`s stock market. Add the fact that the Prime Minister is down with E.coli, buying interest isn`t present.

Clarence Lim, a trading associate mentioned that foreign buyers are the ones who can potentially lift up the market.

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