The Malaysian Mega Sales carnival is in full swing, with most shopping malls participating in the fun and profit making by offering various discounts and promotions.
Did you know that the KLSE (KL Stock Exchange) is having a mega sales carnival too?
As I write this, the KLCI (Kuala Lumpur Composite Index) is down to 1078 points, which is almost a 20% drop from 3 months ago.
The graph above is not the KLCI, but one of the stock counters. Guess which one?
I don’t know about you, but I noticed that the stock market is very much vulnerable to the political news and the emotions of investors.
A bit of bad news and people are selling like the company is not worth anything. A bit of good news and people buy like it doesn’t cost money.
My personal viewpoint is the economy downturn and the political uncertainties are causing people and corporations to dump their shares because they are expecting worse to come.
Coming back to the topic of mega sales, do you know that you can now find stocks at lower-than-normal prices now?
One of the bargains I picked up earlier this month:
Disclaimer: Adino Online is not responsible for any losses but is responsible for any profits