KLCI Drops Due to Election Fears Due to...

Another down day for KLCI, again attributed to election fears.... seriously? I think the financial news is in dire need for some boost of creativity. All this election talk is getting a bit old. Its not like we didn't know the elections would be held sometime this year. If fund houses really didn't have confidence in the Malaysian market wouldn't they have pulled out earlier? Anyway I think this creates continued trading opportunities as shares make sudden drops and make small rebounds..

The more things change, the more they stay the same

Opposition holds a rally and 150,000 people turn up. Najib has one and people only turn up because they are paid or there's free food.. well its no secret which party most Malaysians are not going to vote for in the coming election.. only thing is will it make a change? Will the opposition be seduced by greed and corruption once in power? Only time will tell.. if it was up to me, we should use all our scientific abilities to resurrect Deng Xiaoping and make enough clones of him to rule every country in the world. Now that's a suitable alternative the whole flawed democracy system..  

Where's the free food?

Now there's a leader, with bronze statue and all that..  Will they make a statue of Mahathir out of recycled Proton cars when he passes away?

Of Monsters and Men - Little Talks

Well, maybe there's some hope in mainstream music after all.. been pretty impressed by Of Monsters and Men's Little Talks. Maybe its all the added layers in the music with trumpets and accordions which make it stand out among the other saccharine sounding stuff that passes off for music on the radio.. and the way the male and female vocals play off each other.. 

They have also increased the amount of artists/bands from Iceland that people know about by 33%, following Bjork and Sigur Ros.. 

TSH.. maybe not

Ok, maybe TSH wasn't a missed opportunity after all as written in my previous post. On Thursday 3rd Jan it opened at a much lower price than the previous day's closing, making profit taking above RM2.27 impossible.. looks like some sort of manipulation going on here..

In other news, the KLCI is reaching new heights each day! Well as Robert Plant, lead singer of the band that invented rock and roll (Led Zeppelin) said after he discovered gravity, what goes up must come down.. Lets see how long this rally can sustain.. 

Upon further checking, it seems that some random guy by the name of Sir Isaac Newton was the originator of the quote and discovered gravity instead of Robert Plant.. I must say they look really similar..

TSH.. missed opportunity

Today, TSH was the star performer in my watchlist of stocks.. up 18 sen (8.29%).. it was also the top performer of plantations stocks.. which I think might have some small upside this month.

TSH seems to make sudden jumps in price and consolidate immediately, forming a tight pennant.. time to wait for the next jump..

Seems like the stock was 'played' at the end of the day, with significant jumps in price and volume.. 

New Year Optimism?

Most Asian share indices started 2013 with some optimism, but as usual KLCI decided to buck the trend and reverse 14 points..

Asia Region

Index Name	Value	Change	% Change	Time
S&P Asia 50 CME	3,592.76	+2.50	+0.07%	12/31/2012
MSCI asia apex 50	922.69	+23.69	+2.64%	04:34:48
Tokyo Stock Exchange Tokyo Price Index TOPIX	859.80	+5.71	+0.67%	01:00:02
Nikkei 225	10,395.18	+72.20	+0.70%	01:28:01
JASDAQ Stock Index	55.06	+0.31	+0.57%	01:11:00
Hong Kong Hang Seng Index	23,311.98	+655.06	+2.89%	03:01:30
Shanghai Shenzhen CSI 300 Index	2,522.95	+42.90	+1.73%	02:01:50
Shanghai Stock Exchange Composite Index	2,269.13	+35.88	+1.61%	02:15:09
Shenzhen Stock Exchange Composite Index	881.17	+8.21	+0.94%	02:00:35
Shenzhen Stock Exchange Component Index	9,116.48	+89.49	+0.99%	02:00:35
Taiwan Stock Exchange Weighted Index	7,779.22	+79.72	+1.04%	00:46:01
Korea Stock Exchange KOSPI Index	2,031.10	+34.05	+1.71%	04:03:20
S&P/ASX 200	4,705.94	+56.99	+1.23%	01:32:27
National Stock Exchange S&P CNX Nifty Index	5,993.25	+42.40	+0.71%	06:03:50
BSE India Sensex 30 Index	19,714.24	+133.43	+0.68%	05:30:25
Straits Times Index STI	3,201.74	+34.66	+1.09%	04:10:00
FTSE Bursa Malaysia KLCI Index	1,674.72	-14.23	-0.84%	04:05:02
Stock Exchange of Thailand SET Index	1,407.45	+15.52	+1.11%	05:07:00
Jakarta Stock Exchange Composite Index	4,346.48	+29.79	+0.69%	04:00:01
New Zealand Exchange 50 Gross Index	4,066.51	-14.39	-0.35%	19:30:30
Philippines Stock Exchange PSEi Index	5,860.99	+48.26	+0.83%	03:30:00
Karachi Stock Exchange KSE100 Index	16,489.99	-304.88	-1.82%	06:57:25
Vietnam Ho Chi Minh Stock Index / VN-Index	418.35	+4.62	+1.12%	02:16:50
Sri Lanka Colombo Stock Exchange All Share Index	5,683.79	+40.79	+0.72%	04:28:02
Laos Securities Exchange Composite Index	1,222.90	+8.13	+0.67%	23:32:00

Asian Shares performance on 2 Jan 2013. Most bigs registered gains but Malaysia KLCI seems to have bucked the trend.. 

Guess which one is our beloved KLCI?

Lets have a look at KLCI's chart for the past year..

Despite the optimism of the new year with the averted US fiscal cliff with $US600 billion of tax increases and spending cuts, expanding manufacturing in China and even news that North Korea might open up, I think the KLCI will still be the odd one out for the new future. Not sure how many all time highs can still be establisehd befoer the impending election. KLCI may very well be trading range-bound between roughly 1580 to 1690 points in 2013. 

Anyway, I sure hope my predicitons are wrong and EPF keeps pumping more of our hard earned cash into the market to boost it up before elections to create somewhat of a 'feel good' factor.. which really shouldn't affect our voting decision anyhow..