Stock Market View: KLCI Index

Kuala Lumpur Composite Index Daily Chart

Kuala Lumpur Composite Index (KLCI) dropped 19 points and closed at 1382 today on profit taking activities following Wall Street’s extended losses. Lately for the couple of days, the trading volume drops significantly with less than one billion daily average traded. Considering the short term views, our stock market in minor correction mode and will ready for technical rebound. Probably we will see a few people will jump and try to catch a falling knife during this time. Anyway, all eyes tonight surely will focus on the DJIA and our stock market; Asia stock market generally will be much affected whatever result tonight. At this moment myself is not actively view Malaysia stock market due to work load at my office. Surely no trade is made during this time because I cannot monitor stock market closely. All the best and happy trading!