Read back the old post, What Is 1000 Billion Meant To Me, in early October on the 30 component stocks of FTSE Bursa Malaysia KLCI or FBM KLCI index in short, readers should be knowing the issue of defending the market capitalization in the last day of year 2014!
At 1740 level, FBM KLCI index is now having just about 1 Billion Ringgit below the 1000 Billion benchmark - 999 Billion Ringgit (the emergency number!).
Remember at 1800 level, we had 1050 Billion Ringgit value of the market capitalization in the 30 component stocks, we (our country) now poorer by 50 Billion ringgit after FBM KLCI drop 60 points to 1740.
Just imagine how much poorer we (again, our country) are when the FBM KLCI index drops another 60 points? We will be 100 Billion Ringgit poorer based on a basic observation on the above paragraph.
Therefore, just pray hard that our 30 component stocks do well in their respective businesses and wish that our 1000 Billion benchmark double in coming years!