June 2014 – rough month ahead

Need not to mention as World Cup Brazil will be a key factor that drag away many activities from the market. Together with several other factors like El Nino 2014 may hit early as June. Ukraine crisis may prolong and worsen. Local front may face continuous issues like Hudud to be proposed in Parliament for Kelantan.

Liquidity still buying into the market. But the drivers for another record breaking to 1900 is not an easy task. In short term I am not able to see a critical factor for this. Thus, there will be a quiet and range bound market for KLCI bias lower closing for the month.

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