Thursday 15 December 2016

MIDF. Great God Will Come. Get Up, Stand Up

Is a 1973 hit for Bob Marley, taken from the album burnin.
Now MIDF, short of telling Great God Will Come And Make the KLCI go High, has an equally unintelligent hypothesis, on why the KLCI will do well in 2017.

We do not foresee the equity market turning bearish anytime soon,” MIDF said, because over the past three years, foreign funds have taken most of the money out.

“As the amount of foreign hot money in the stock market is currently very low, any overhang has been virtually eliminated,” it said.

With this in mind, MiDF says after three years of seeing red, local funds and retailers will push the FBM KLCI to1,830 points .