Sector Updates 05.11.12 to 09.11.12

With the 3G story over the telco sector has been hit down 4% last week thus preventing the market from being able to remain above 1,300. As nearly every large cap has already announced their 3Q12 earnings there just doesn’t seem any key factors locally nor globally that could push markets up further, while I’m not saying there will be a crash, there’s just a strong likelihood for a sideways market until the end of year, the only thing I can think of strategists saying here is that local institution fund flow will be high b/c of LTF’s and RMF’s coming in to the market.







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