With the Rally already over without much damage or riot in Kuala Lumpur, the Bursa Malaysia will be in good footing. I have monitor Bursa and is call warrant for sometimes. Look like the Bursa has already hit the bottom on 27-June-11 with closing of RM7.50.
Can the Bursa will go down further?.. not really.
It is on up trend now, with closing of RM7.75 on 8-July-11. With the market started to recover last week, bursa will benefit with the volume increase. Estimated Bursa will move up to RM8.20 on first resistance line.
To move in line with Bursa and the current market, Bursa-CT will mostly is the best exposure to Bursa counter. With current price of RM0.06sen, this has translate to a premium of 5% against the ex-price with expire date on 20-Jan-11. This is worth calculated risk to invest with. If bursa can go up to RM8.50, Bursa-CT will be worth about 10sen. This will a 80% gain. Is this a worth invest counter? What Say You
