Today was definitely a bomber ... Bursa was not able to trade the entire day claiming fault on technical glitches on the trading system. So all brokers can't key in any trade orders. We at YouInvest think today was most probably a day when the blue moon shun upon Bursa and no other day had been more conincidental than today's trading. Let us lay it out for you guys.
1. 9.00am. Market open but Bursa's trading system had their "technical glitch" so no brokers were allowed to key in any trade orders. When we saw the official Bursa announcement it was already 9.15am, and Bursa informs that the system glitch could be ractified and possibly investors can start trading in the second half session (2.30pm to 5.00pm). Concurrently, Asian stock markets were mostly down in between (-1.0% to -2.5%) due to heavy selling triggered by weak closing on Dow Jones & S&P Index in the US the night before (The Dow was down -1.6%). Obviously, if the Bursa was open today, KLCI would most probably trended downwards in-line with the market having taken queue from US lead.
2. 11.00am. Rumour began to surface in the stock market on possible "significant" announcement by Datuk Seri Anwar Ibrahim. However, not many people knew what it was.
3. 2.30pm. Trading in Bursa Malaysia still stood still with no favourable announcements on the rectified technical glitch and opening of trade session.
4. 3.00pm. Bursa again made announcement saying if things were not rectified by 3.30pm then stock market trading will be closed for the whole day.
1. 9.00am. Market open but Bursa's trading system had their "technical glitch" so no brokers were allowed to key in any trade orders. When we saw the official Bursa announcement it was already 9.15am, and Bursa informs that the system glitch could be ractified and possibly investors can start trading in the second half session (2.30pm to 5.00pm). Concurrently, Asian stock markets were mostly down in between (-1.0% to -2.5%) due to heavy selling triggered by weak closing on Dow Jones & S&P Index in the US the night before (The Dow was down -1.6%). Obviously, if the Bursa was open today, KLCI would most probably trended downwards in-line with the market having taken queue from US lead.
2. 11.00am. Rumour began to surface in the stock market on possible "significant" announcement by Datuk Seri Anwar Ibrahim. However, not many people knew what it was.
3. 2.30pm. Trading in Bursa Malaysia still stood still with no favourable announcements on the rectified technical glitch and opening of trade session.
4. 3.00pm. Bursa again made announcement saying if things were not rectified by 3.30pm then stock market trading will be closed for the whole day.
5. 3.30pm. News about the "significant announcement" by Anwar started to surface on the internet and finally trickled down to Malaysian investors.
How Ironic.....
We are starting our Unit Trust Model Portfolio with some explanatory notes this weekend to help you make the best out of your investment in unit trust.
YouInvest - Malaysian Investing Made Easy
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