Seeing the market so 'boring', I decided to study how our asia neighbours are faring in this downtrend compared to KLSE. The rise % is based on the rebound from lowest pt during the subprime meltdown issue in August and the drop % is based on the current downtrend from its Yr High.
KLSE : Rise 24% Drop 3%
Korea : Rise 28% Drop 10%
Singapore: Rise 31% Drop 12%
Hong Kong: Rise 65% Drop 14%
From the stats, KLSE is doing the best of the four, since it only drops 3% compared to the rest of the region dropping at least 10%. Of course, KLSE is the 'least' risen stock exchange. But if you take a real study of this data, our KLSE drop% is definitely look 'distorted'. In fact, the reason why our index is holding up strongly is because of funds holding up index stocks and the bullish performance of some plantation stocks. Based on my calculations (which i rather not shown here, since its pretty complicated), KLSE should 'correctly' drop another 4-5% if it is to follow the rest of the region downfall.
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