Thursday 3 April 2008

KLSE, A VERY WEIRD AND STRANGE MARKET

Have you noticed the behaviour of KLSE lately? Noticed that there are a lot of companies with a good returns, but their share prices are cascading down. MAS has returned to the black, but its share is going down. Air Asia's profit and its fleets are increasing, but its share is going down. Even the house itself, the Bursa Malaysia Berhad has made 123% profit for the year 2007, but its share too is also going down. Likewise to all other profitable companies.

When the rest of the Asian's markets are going up, KLSE is going down. So, what is happening? Is it in any way related to the non-confidence of the government? The political uncertainty? Or Malaysia is no longer attractive politically and economically to the international financial community, which resulted the foreign funds just stop pouring in?

Or because everybody are busy reading Khir Toyo's blog?

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