KLCI up 9.85pts
After 5days selling, Foreign Fund buying back stocks with a high volume. If you did observe on markets Top Gainer list, you may see mostly are the plantation stocks. So you can make an assumption that these are the favourite counters of Foreign Fund ( BAT, TWS, GENP, PPB, TASEK, AEON, UMW, PRUDEN, IOICORP, CIMB ). Mostly are plantation stocks in Top Gainer List. By looking at the chart and top gainer list , thus you can follow the smart money flow to buy in some stocks.
Foreign Fund must be following the trend of EURO side, as the previous day DJIA up 110pts++. But you have to be cautious today as most of the futures are in red.
Good observations. From hindsight, the past 5 days of selling was likely due to foreign individual retail investors selling down, as the foreign component consists of both retail and institutional market participants
ReplyDeleteYes, actually we can detect their favourite stock by looking at the past 5days chart.
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