Today KLSE equity market been broke new high, the reasons are due to: -
a) Oil price hit above 71
b) Regional and USA’s market steady
c) Oil price higher help government collecting more tax to reduce the deficit of budget
d) Country’s cash flow liquid faster
A lot of investors at this movement already mislead by economic data. The current economic data shown negative and fundamental of economic have been spoilt. Why equity markets still continues bullish. Yesterday, I had picked a right stock. Hence, today my profit is good.
As normal day, evening I decided join in again and buy Hovid and Hovid-WA. Hope its can deliver me good profit as today.
Stocks In Hand: - Hovid, SMI and Hovid-WA
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