Monday, 31 December 2012

End year window dressing



The KLCI ended 2012 at yet another all-time high of 1,688 points, up 10 points from the opening. Some window dressing, but not as much as the previous year whereby the KLCI went up 20 points on 30 Dec 2011. However since 2008, the market performance on the last trading day of the year has been a bit on and off.. 

Date
KLCI
Gain/Loss
Open
Close
31/12/2012
1678
1688
10
30/12/2011
1510
1530
20
30/12/2010
1527
1518
-9
31/12/2009
1271
1272
1
31/12/2008
883
870
-13

Perhaps the fund managers were really sleeping on the job in 2011 and had an oh shit moment on the last day and decided to prop up the KLCI to make the year's performance a bit more impressive.. 

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