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 ...
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
What is the next support line?
ReplyDelete1500 is the 1st support line followed by 1480 points as the strong support.
ReplyDelete