Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Monday, November 9, 2009

The Sentiment is Sell

Sold off IJM Land for a gain. Poor liquidity in the last 2 weeks. Property stocks trending down since the proposed RPGT. Price action of Gamuda and IJM suggest that construction sector stocks are also on the decline. Volume generated are not buyers but sellers dumping their holdings.
Financials (led by HLBank) and plantations (led by Sime) trending up. But CPO output/harvest expected to be reduced/poor.

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