- KLCI down 7.65pts
- Early morning KLCI was in green, affected by FGV ( Second largest IPO in the world )
- Foreign Fund was selling madly yesterday with huge volume.
- Retail Investor for those who applied FGV IPO earlier, they were selling FGV with 20% profit.
- Local Fund doing their job to support FGV counter with huge amount.
Yes I agree local funds were supporting to push up the price of the new FGV.
ReplyDeleteThe much higher foreign fund exit is worrisome. But then it could be due to their switching of portfolio pr cashing in profits while also buying in FGV
ReplyDeleteI think Foreign Fund is taking profit from the FGV, same goes to Retail Investor. So we have to look at few more days volume to confirm what direction are they going.
ReplyDeleteOh yes...I made a mistake, additional selling more likely due to selling of FGV
ReplyDeletegood...now confident of your own views
ReplyDelete