Friday, March 13, 2020

What a BIG drop in KLCI today! More than 6% !

At 10.04am (13th March 2020, Firday), KLCI dropped 98.47 points or 6.93% from 1419.43 at yesterday's close.


It was a very big drop. At lunch time, there were 1115 losing counters versus 73 green counters.

My HSI-HAF was registering RM6460 paper profit. Cikgu Teh suggested to sell half first which I did. Keeping the other half.


If not for Cikgu Teh, a big portion of my fund would be gone in just a day.

If anyone had any funds left, almost all of them would averaged down today. It would be their last stroke of kamikaze.

Dow jones and most markets rebounded during lunch hour. When KLCI opened at 2.30pm, I sold the remaining HSI-HAF at 1.16. Half an hour later, it was 1.19. 20 minutes later, back to 1.12.

Talk about volatility.

HSI-HAF was done.


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