Friday, November 2, 2012

FKLI EOD 2/11/12


FKLI : O - 1673.5., H - 1675.5, L - 1648, C - 1649

Resistance @ 1661.5 - 66 - 68 - 75
Support @ 1643 - 37 - 33


It was merely an unexpected fall for today, of merely 27.5 points net from highest to the lowest point. Some of the counters which fell badly were the telco's; Axiata, TM, Digi (ranging from negative 3-5%)

To what reason due, i am unsure, however there was an article on speculation of possibly dissolving of parliament on next Monday by Malaysia Chronicles. 

[Speculation is swirling that Prime Minister Najib Razak may spring a surprise and dissolve Parliament these few days in a bid to salvage his coalition's chances of retaining control of the federal government. Some of the Umno-BN MPs are saying he will dissolve next Monday.]

Attached below is the link : 



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