Many Variables Ahead (1 July 09)

Good Morning,


With reports surfacing that the 30% bumi equity requirement being be lifted, along with other positive announcements expected to be released in the Invest Malaysia conference which starts today, we expect the KLCI to be positive this week.

Looking ahead however, the outlook is uncertain and we expect the KLCI to consolidate in the coming few weeks. Traders are advised to take the opportunity to sell into strength this week and re-enter when the market stabilise.