Foreign Fund continuously exit?
In this circumstances, Foreign Fund had been selling continuously two days which has a leaving signal for us. Trading in these days have to be utmost care.
The total amount of 4days selling are more than the days of buying. From the understanding means, the signal is telling us that although the KLCI pushed up by Local Fund but this might be just a decoration of trapping local retail investor of panic buying.
With the rumours of GE is coming, do you think that our Local Fund is enough cash to cover our market if Foreign Fund keep on selling? I will leave the decision to you my friends.
The one month accumulated foreign net buying in had reduced drastically from RM1b + to only about RM500+m. It simply showed that foreign buying in had slowed and the last two days were a net selling of 100+m . When foreign funds start to sell and continue selling, there is only one direction that the market will move, that is southward bound
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