Thursday, February 10, 2011

Some latest news analysis

1. December industrial output up 4.2pct on-yr, up 2.1pct on-month - The Edge

My view: This is actually below expectation, because economists expected IPI to grow 5.0%.

2. Malaysian palm oil output falls 14.18pct in January - The Edge

My view: Good for CPO price, but slightly negative for Plantation counters as their FFB output likely to be affected as well.
 
These 2 reasons may explain why KLCI drop further from 15 points drop to 21 points drop... hopefully index manage to recover to 1520 ...
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2 comments:

  1. TanFebruary 11, 2011 at 11:30 AM

    What is the next support line?

    ReplyDelete
  2. Wall Street KLCIFebruary 11, 2011 at 4:06 PM

    1500 is the 1st support line followed by 1480 points as the strong support.

    ReplyDelete

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