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.
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.
Not only that, below are some of the factors which may affect the positive outlook of KLCI:
i. KLCI may continue climbing until the next general election
ii. Massive of foreign investments funds flowing in the Malaysian financial market since September and it’s expected to be continue.
iii. Impact on 10th Malaysia Plan and Economic Transformation Programme
The table below is the FBM KLCI 2011 year-end target from various research houses.