Bursa Malaysia (KLSE) Daily Info Edge Zone

The Sale Off Is From Local Institution

Durian Edge
Publish date: Thu, 05 Apr 2012, 08:23 AM
Durian Edge
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Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
Following Message
Yesterday pull off is due to big seller from Local fund manager. With the new no QE3 likely had drop share around the world and also gold price, so most of the investor is favorites printing money. Current foreign investor still buying into Malaysia market with they printed money, Malaysia big investor institution like EPF and PNB selling share to get money for GE13 use, so I think Malaysia share market may likely be supported before announcement of GE13.
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Discussions
Be the first to like this. Showing 4 of 4 comments

Jake

PNB and EPF possibly given up on local equities and using the sale proceeds to buy foreign properties instead.

2012-04-05 09:09

chongkonghui

they need to diversify to overseas because if they continue to buy local, the free float will be seriously reduced.

2012-04-05 09:19

lotsofmoney

The history of Malaysian Inst. buying abroad is not good. They got a bloody nose in Lotus, sold off the motorbike co. for one Pound after losing millions of Pounds, heavy losses in forex if anybody remembered.

European Funds had no where else to go and they see Malaysia is a good emerging market, so all of them come here.

Let's hope and pray our tax and EPF money will still around next year.

2012-04-05 14:04

Jake

EPF is sitting on a gold mine with the Sg Buloh land which is rumored to be min valued at RM70 per sq ft. Lots of profit there.

2012-04-05 14:16

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