Hari Raya Effect on Bursa Malaysia
This is the Bursa Malaysia Composite Index performance after Hari Raya 2005. Looks like a fall after the holiday.
But in 2006, the story is different. The index steadily climb up without an correction in short term.
If we see the past year performance, there is no special pattern to say that the Bursa Malaysia CI performance affected by this public holiday which is quite long especially for retail investor. In my opinion, the 2006 pattern may happen again this year till year end as “window dressing” take place. However any bad news especially from external may mildly effect the local stock market performance in the short term.
