First of all, from our team here, we like to wish all of our valued clients, graduates, subscribers, followers and friends & colleagues a Happy Year New and may you reap more prosperity in this new year period.
This year 2012 has been a great year by our local standard. The Nov-12 market slump (-5.3%) was followed by +5.5% gain for Dec-12. In Dec-12 Stock Market Comment, we discussed of past KLSE market corrections over the past 3 years. For every -5-6% corrections, there were equal percent of gain to recover the losses. From a VSA standpoint, the market did break below 1590 and reversed immediately. That's sign of strength.
Lessons for Investor/Trader: It pays to stay invested during market corrections or quickly get back shud the market recovers.
Compared regionally, the KLSE market registered a decent +9.8%-10% gain. However if compared regionally, KLSE is at the bottom of the table. See chart above.
Notables were Philippine & Singapore Stock exchange which emerged as one of better performers, regionally registered +32-33% and +20-21% respectively. It is interesting to note with the exception of Shanghai Stock Exchange, most regional markets registered double digit losses for Year 2011
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- Martin -
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