Friday, October 23, 2009

Where is FKLI heading?

Hi, Any idea on FKLI? 2009 Budget and the Maxis deal seems to prop it up lately but it may be running out of steam if not for the resurgent in the US markets. Your views on the technical front please.

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  1. Maxis will play some small part of effecting the index generally because it might change the weight of the preceding 30 members that is currently dominated by Plantation, Banking and Energy sectors. Nonetheless, I am only expecting minimal effect to it. You can check out my new post above for market shape so far.

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