This is the closing level of the KLSE index from 1/4/2015 to 25/5/2015. Data was obtained from Yahoo Finance.
The first significant drop below 1800 was on 21/5 and it has been downwards since then. It is not usual for the index to drop 1% or more in a day. The average index gain per year over the long term is around 10%, with a drop like this, it takes just 10 days to wipe out an entire year`s gain.
The only good news is that the index is just slightly above the level of the first trading day of the year. Check out my earlier post for the first quarter recap.
In short, if one had bought the index on the first day of the year, the gain to date is a mere 0.8%.
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