FTSE Bursa Malaysia Kuala Lumpur Composite Index Push Up
The KLCI: FTSE Bursa Malaysia Kuala Lumpur Composite Index closed for the year 2011 with a big bag.
It’s UP 24.04 points!
Look like the “invisible hand” has do their magic again by “pushing up” the KLCI: FTSE Bursa Malaysia Kuala Lumpur Composite Index during last 15 minutes of trading hour.
This’s what some will say Year End Window dressing by fund manager….Good job done!
This is not happen in one instance but happen most of the time.
Read more at How To Push Up KLCI-FTSE Bursa Malaysia Kuala Lumpur Composite Index
Thanks to the local institution fund manager that BUY the Top 10 companies by market capitalization on Bursa Malaysia Main Market like CIMB, Maybank, Sime Darby, Digi, Axiata, IOICorp, Tenaga, Petronas Dagang, Public Bank etc.
You and I cannot simple push up any of this Heavy weight stocks.
This is because only fund manager able to buy 4.5 Million of CIMB’s shares at RM7.44 at 4:50pm(30 December 2011) which cost over RM30 Million
Some of you must be wondering WHY the KLCI: FTSE Bursa Malaysia Kuala Lumpur Composite Index goes UP so much BUT your stocks didn’t move much.
This’s because they don’t PUSH UP your stocks especially when you are buying Penny stocks.
Your unit trust investment may show a good performance…BUT remember that’s BEFORE deducting all the charges…You will be lucky if you get above Net 8% return
I’m not sure when this type of last minutes Push Up will not be stop.
Until the 13th Malaysian general election which must be held in 2013 or before 2013?
Let watch what happen in 2012..
Happy New Year!
Price and Volume Jump that happen at 4:50pm before market closed at 5pm
Petronas Dagang
BAT
CIMB
Maybank
Public Bank
Sime Darby
Tenaga
