Friday, 29 June 2007
Singapore rebounded but Malaysia didn't
STI rebounded but the Malaysian counterpart failed. Would the rebound for Malaysia take place today? It is the the end of June, where there would likely be 'window dressing' as they call it. Funds would keep prices on the up to maintain a good performance for their books. But the market has risen about 20+% since the turn of the year, do they still need to boost prices now? I think it is highly unlikely. I expect further selling by funds in both the KLCI as well as the STI in the immediate term.
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