Some doyens of the stock markets said that it is very difficult to play in the Malaysian stock market. 
Reason given:no momentum.
Bursa KL used to be flushed with funds when the foreigners were playing here in droves. After suffering huge losses because of the sub-prime debacle on Wall Street, a lot of these funds went back to stave off the hemorrhaging at home. So, less than 30% of the dabbling daily comes from foreigners. The rest are from our handful of institutional buyers and some picky retail players.
Retail players are generally weak. They play by the day. Once some counters show momentum, they buy into it and await. If they make profit on that day, they liquidate. If not, they timed themselves with the hope that the counter will run. We have seen in the past 10 days such movements. Time Engineering,Red-tone,YTL-E Solutions, Ramunia and A3 galloped away. After a lull, they are becoming hot again.Some are cantering well with heavy volume particularly Time Engineering. Expect action and fun next week if Wall Street is generous.
The other counters which will likely gallop away in the near future are JAKS, KPS,KHSB,RCE and MRCB. Watch for volume as they build strong shoulders to spring off!
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