Bursa Malaysia (KLSE) index KLCI (Kuala Lumpur Composite Index) opened flat today at 1633.56 with very less movements in it made high of 1637.02 expected to down this week on global queues and as overall Asian market affected. KLCI has given a good performance in this half of the Christmas Month due to OPEC decision to cut in out put causing the oil sectors performance expected good in upcoming quarter in Malaysia. As being the crude oil dependent economy its a positive news for Malaysia economy. But due to the interest rate hike by federal bank, again KLCI consolidating since last few days.
Some Important levels need to know in KLCI – A very strong Support at 1610 in KLCI and resistance at 1650.
Expected movements for upcoming days this month – Down and consolidating between 1624 to 1638 levels
Invest Tipster has provided his own analysis report on KLCI to their clients and advise to play for short term this month dont hold the position of downtrend stocks. We Provide advise to our clients daily basis by appointing a analyst to handle the profiles and provide proper guidance and good profit monthly basis.
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