KLSE persisted buying lift market over 1700

Selective persisted index linked buying continue to push KLCI created new high. In tandem with major markets KLCI may be doing more catch up role to reflect the world equities’ trend.

Allianz broke RM 9.00, Spritzr crossed RM 1.20 at one time. Multico started to attract buyers. Favco crossed RM 2.20 and research houses recommended at RM 3.00 above.

We believe the market will still gradually move up. Due to BoJ actions, world equities may run another week before calming down for digestion.

We continue recommend defensively stay invested strategy. Slightly reducing our fresh capital towards equities.

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