Top Story : Taking Stock – Position for more volatility ahead
Market Update
- We expect the market volatility to continue due to changing external factors including rising interest rates, fluctuating exchange rates, rising commodity prices, and balanced against the global economic recovery.
- We caution that May has tended to be volatile with the FBM EMAS and FBM KLCI showing a decline for end-May vs. end-Apr prices in six out of the last 10 years. The 2010 FIFA World Cup in South Africa in Jun/Jul could also have a negative impact. Price charts for the last five World Cup years indicate the FBM EMAS and FBM KLCI generally having a downswing in the early part of each event
RHB Equity 360° - 30 April 2010 (Market, CSC Steel, Notion Vtec; Technical: Perisai)
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