May Arbitrage Exit Spell Expired? Summarize the brave move towards 1610 points
Report: @Jungle lee
Investors are currently filled with excitement, not only driving up the trend of Malaysian stocks, but also driving the FTSE Composite Index $FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$ Does breaking through 1,600 points mean that the “sell in May and go away” (sell in May and go away) spell is no longer suitable to be applied to horse stocks?
“May arbitrage leaves the market” is actually a common phrase on Wall Street in the US, because all major US companies will announce their performance during the April period, and specific economic data will also be released during that period, and investors may make profits one after another and leave the market, which in turn puts selling pressure on the stock market.
Incidentally, in the Oriental Stock Market, there is also a saying “the five poor, six, seven out of seven.”
Although the East and West have different understandings about when the market will resume its bull market — the East thinks it can turn around in July, while the West thinks it will be necessary to wait until after Halloween (that is, November); one thing the two sides have in common is that the bear market began in May.
However, if you look at the current trend, that is, the four-day trading day starting May 2 was a situation where Malaysian stocks soared sharply. It seems that the relevant proverb cannot be applied to the trend of Malaysian stocks in May this year.
Judging from today's trend, the composite index was at the level of 1,600 points at the beginning, and now it has taken a leap forward. 1...

Palantir is releasing its Q1 2024 earnings after the market closes on May 6.
Since its Q4 earnings release, shares of $Palantir(PLTR.US)$ have surged 40%.
Despite the huge gains, the tech stock is still trading 44% below its all-time high. How will the market react to the upcoming results? Make your guess now!
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the price range of $Palantir(PLTR.US)$...

Apple is releasing its Q2 2024 earnings after the market closes on May 2.
Since its Q1 earnings release, shares of $Apple(AAPL.US)$ have seen a decrease of 6%. Its implied move on the earnings date is 4.2%. How will the market react to the upcoming results? Make your guess now!
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the price range of   $Apple(AAPL.US)$'s opening price at 9:30 AM ET Ma...

$AAX(5238.MY)$ announced, and $CAPITALA(5099.MY)$ The long-rumored restructuring plan is out
Attach AAX detailspronouncement
Simply put, a new company called “AirAsia Group” will emerge and replace AAX's listed position, then acquire all airlines under AAX and Capital A to form a short, medium and long-haul airline group
For details, Xiaobian is still trying to scramble through this 95-page long proposal...
Capital A also just made the latest announcement,here
There are 68 pages in total, and Xiaobian will continue to work hard...
Also, it was revealed in a small voice that Tony Fernandes will make an announcement tomorrow morning
Source: Nanyang Commercial Daily, Bursa Malaysia
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