Hi guys, we had turned bullish beginning of last week on the stock market for 4 reasons:
1. Increase participation in the stock market (shown by higher trading volume)
2. Lower oil prices.
3. US banks reported results better than expected.
4. Investors thinks that political risk at current market level is all in the price. So, limited downside to political risk (for the mean time).
5. If the opposition wins over by vote of no confidence during September (slated by Anwar hinself) then i think the market will pop due
to the promises that he had earlier agree to and personnally i think he has the leadership quality and the charisma to drive growth in
the economy.
6. Bank negara has kept interest rate unchange despite expectation of 0.25% increase by economists and stock market analysts.

(surprisingly)
Let me know what you guys think .

You like to know what we think in details, click on the globe icon.