New Year with new hope in the stock market. Many investors or speculators hope to get some first day rally in 2006 and bought some shares in the last day trading in 2005. They are dissappointed with Bursa performance for the first day in 2006. The broad market drop and KLCI droped more than 6 points. Everyone is heart break with cutting losses in the market.
KLCI is the only market with negative return in 2005 in the region. Therefore, most people still believe the market can close above 900 points in the last day trading. Most are dissappointed because the market close barely below 900 points (899.70).
Our market has been dissappointing our investors twice within a week. Market participants are still hoping the market to perform better since there is no rally in 2005. In year 2006, participants hope the market can reach 1000 points and they can gain back what they has loss in the past. This is reasonable for them to think this way because if they have no faith, they will not stay in the market anymore.
We can always hope for better. In reality, they are more factors to be considered. Therefore, hope is still the main source of energy to support our belief and behaviour. I do hope our local investors can invest wisely and not to mention beating the market performance. Happy trading and investing for a new year. Cheers~~
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