It is interesting to see the panic in the market for the last week or so. As everyone knows that this is the week preceding September 16 threat by an opposition party leader that he would usurp political power through the shifting of allegiance by some existing members of parliament. The market response is anticipated given the political instability experienced by the country at the moment.
Whilst for some it is a moment of uneasy frustration, for others who have some cash , this is the time to buy. Remember this is a cyclical phenomenon. A lot of other factors contribute to market situation for example the current low CPO prices have affected the plantation sector badly and so has the windfall tax on the industry imposed by the government in the last budget. How much the current political instability is affecting the market still remains to be seen.
For those who dare take risks, it is time to get those bluechips .....enjoy the tumble !
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