Tag Archives: KLCI Hit High

Will KLCI Hit 1600 Level?

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) break new record high for five days continuously. This is a great start for Malaysian market in 2011.

KLCI2011Chart

I was shock with the result since beginning of this year as FBM KLCI always close in positive zone when the index can be in red sign. I personally believe that the market is fully control by big inflow money. As long as US did not face the economic crisis, FBM KLCI may continue to go up to 1,600 level and it’s possible to achieve 1,700 level by this year end.

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