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Dear Readers,
Our KLSE stock market has been languishing below its peer in term of market gains. While US DJIA & SP500 has been up 6% and 9% respectively and our neighbour Singapore STI is up almost 12%, KLCI muster a single digit gain @ 1.6%. The best performers were Gold (13.1%) and Hong Kong Hang Seng (15.6%).
You may also recalled that the worst performers last year 2011 (see Jan 2012 Stock market comment) were Hang Seng and Shanghai index which were more than -20% down. So naturally when you come from a lower base, you rebound quicker.
Our KLSE closed for year 2011 with a positive note - a surprise upside for many local fund mgrs. Do we have a crystal ball now to know for certain how well year 2012 would fare ? While we don't use a crystal ball to predict but we do use a simple market indication to let us stay with the market trend.
(If you are keen to know how we invest, come to our Investment Roadshow in Johor Bahru on 31 Mar 2012. Click here.)
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-Martin Wong- Licensed Fund Manager Phillip Capital Management S.B. Fund Mgmt website : http://www.poems.com.my Personal website : http://www.martinwong.com.my Investing/Trading website : http://www.traderstruthrevealed.com
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