KLCI may trade higher on Local GDP figure and Yellen but we are not over optimistic

We think market will react upward and year end window dressing activities may join in to push KLCI above 1,800. Together with Yellen remarks and local Malaysia GDP at 5% above expectation forecasted to be 4.8%.

1st we think KLCI is expensive as only midcap or small cap are more in value. 2nd Both data is not critical enough to push record high market to further record easily. 3rd Local social and political issues prevail will hinder the positive growth of the financial system.

We will stay probably not so active with our continuous strategies maintain.

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