The commodities related stock especially palm oil are on the rise. Palm oil has now breached RM3761.
With the weakening of USD, commodities tend to rally to counter-offset the effect.
Now even the once super laggard or rejected rubber & latex related counters are reversing in their prices. Just look at the following stocks, you will see a reversal. Rubber gloves companies were shunned lately due to the higher latex concentrate prices due to the rising commodities effect. However, most/all companies will do this to survive: PASS THE COST TO THE CONSUMERs like you & me.
TOPGLOV
SUPERMX
KOSSAN
HARTA
LATEXX
GUNUNG
Maybe the rally and the huge volume were due to the fantastic GREEN GREEN on the 1st week of 2011. Lets us monitor more next week. Warrant play are the trend for KCLI due to its "cheap" price to retailers. Unfortunately, i still would like to have put warrants in KLCI to able to play both sides of the coin.
The USD will be slowly gain back its value in Q1 of 2011, I think. :)
Hopefully, will increase a little as some of my money is in USD :(
I will probably bring back my money to ringgit land to invest in local stocks since the liquidity is now at Asia rather in US.
But too high a increase of USD, might hamper the rise of the stock market in Asia.
Since most of my investment is in ringgit, it is better for the USD not to rise first..hahaha
Seems to be a double edge situation.