[FBM KLCI hits all-time high]
The FTSE Bursa Malaysia KLCI Index (FBM KLCI) closed at an all-time high of 1,681.33 points yesterday, courtesy of global inflows into Asia and window dressing activities in local funds.
The local benchmark index also recorded an intra-day high of 1,686.70 points. It closed 7.17 points, or 0.25%, higher to 1,681.33.
Interpacific Research head Pong Teng Siew:
>>According to past patterns, the market should be sustainable until as late as the second week of January.
>>The market would most probably see a slight dip before it started rising again on a Chinese New Year rally.
Lowest RSI: 17.8%;
Lowest:1512.54 at 3 Jan, Highest: 1686.7 at 28 Dec
Lowest:1512.54 at 3 Jan, Highest: 1686.7 at 28 Dec
But FBMSCAP is not doing very well but it goes bearish in 2012 since 13 Feb 2012. Hence, who actually earns $$ from stock market?
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