Thursday, September 2, 2010

Market start with a bang in September

Nice rally from the DJ on the first day of the month.  Even Citigroup (C) goes back to above 3.80.  The same goes for many other stocks in DJ.  Apple (AAPL) has been rising steadily in anticipation of a new product launch and finally it was announced yesterday, an improved Apple TV box-set.

As for KLSE, nice gain on the index but majority turned lower on the first day.  However, we see some reversal and nice gains on quite a number of counters in KLSE.  JCY registered an almost 20% gain after dropping from 1.7x to just 0.90.  Mudajaya didn't join the rally unfortunately.

Will the rally continues tonight ? Let's find out together.

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