KLCI and Dow Jones
Monday, July 28, 2008
Dow has completed the week with a 3.1% gain, snapping a 4 weeks
decline. Much to the frustration of many investors, KLCI dived 3.9%
instead. The closing on Friday was the lowest in year 2008. Even the
recently resilient plantation sector nose-dived following a sharp
pull-back in oil prices. In order to trade profitably, it is highly
important to identify the sector which is technically strong and
poised for a rebound.
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decline. Much to the frustration of many investors, KLCI dived 3.9%
instead. The closing on Friday was the lowest in year 2008. Even the
recently resilient plantation sector nose-dived following a sharp
pull-back in oil prices. In order to trade profitably, it is highly
important to identify the sector which is technically strong and
poised for a rebound.