Everything has a first time. Yesterday we got two. First, Johore got flooded to such an extent that it was a first in 100 years. Second, Thailand’s stock market halted trading for half an hour when its stock market index plunged 10% after its central bank imposed capital control to curb the speculation of the Thai baht.
Is this control good or bad for the Malaysian stock market? To some analysts, it may turn out to be a blessing in disguise. The exit of funds from Thailand may actually benefit us because these funds can flow in to us.
Yesterday I saw a blanket of red on my computer screen all the time. Now this blanket has turned green with few spots of yellow and red here and there. The KLCI at 1073.60 has recovered more than 13 points at the time of writing. Sentiments of fear have improved to stable
The endless flow of news, facts or rumors causes our emotions to change mood. That’s why the stock market is forever changing.
Going forward, I hope the “present” from Thailand may turn out to be good for a Merry Christmas after all.
Good luck and Merry Christmas.
