Looking for the bottom. The FBM KLCI has erased all its gains and more during the first five months of 2010 since turning downwards on 13 May. We expect the market to remain volatile, with the risk on the downside towards the technical support levels of 1,229 and 1,154 as highlighted by RHBRI’s technical research. Assuming no downside to our current forecasts, we have compared against historical valuations and market data in order to find possible fundamental support levels for the benchmark FBM KLCI.
Market Update - Shifting Trends : Seeking Shelter In Domestic Plays - 26/05/2010
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