Foreign fund buying pushes Bursa Malaysia higher By Star Newspaper (Why are Foreign Funds Returning to Malaysia

KUALA LUMPUR: The FBM KLCI maintained its steady trend to close higher on Thursday, as the bullish market sentiment continued to fuel investors’ risk appetite.

The benchmark index closed up 15.94 points, or 1.02% to 1,585.74. It has risen to an intraday high of 1,590.91.

There were 580 gainers, 506 losers and 419 counters traded unchanged on the Bursa Malaysia. Turnover stood at 4.38 billion shares valued at RM3.25bil.

Dealers said political risks were dissipating based on recent developments and foreign investors were seen returning to the market.

In addition, the reopening of more economic sectors amid promising progress in vaccinations helped boost market confidence.

In terms of fund flows, local institutions and retailers were net sellers on Wednesday offloading equities worth RM189mil and RM47mil respectively.

1) CHINA CRACK DOWN ON TECH STOCKS & THE REDISTRIBUTION OF WEALTH TO ITS MASSES

China is reigning in runaway capitalism & now want to balance out wealth to all the rest from concentration of wealth in the hands of few Super Rich

As a result of China's clamp down on education & Tech businesses many Foreign Funds are leaving Hong Kong & China Markets

Stanley Druckenmiller is Selling These 12 Stocks: Among those he sold are Microsoft, Cybersecurity, Pharmaceuticals, minings & others

https://finance.yahoo.com/news/stanley-druckenmiller-selling-12-stocks-203244978.html

3) AS FUNDS MOVE TO EM (EMERGING MARKETS) MALAYSIA BEING THE 2ND WORST PERFORMING IS SO BOMBED OUT THAT THEY NOW SEE VALUE: SO THEY ARE COMING BACK

FOREIGN FUNDS BUYING PALM OIL BLUE CHIPS SHOW UNMISTAKABLE SIGNS PALM OIL BULL RUN NOW IN MOTION

GENETEC	27.18	27.00 - 27.94	27.80	+0.62	2.28%	60,000
MPI	44.48	44.48 - 44.78	44.78	+0.40	0.90%	300
PETDAG	19.18	19.16 - 19.44	19.38	+0.36	1.89%	49,800
PCHEM	8.21	8.21 - 8.65	8.41	+0.26	3.19%	3,096,800
PPB	18.42	18.32 - 18.68	18.62	+0.26	1.42%	105,100
HEIM	22.52	22.52 - 22.72	22.70	+0.20	0.89%	9,200
KLK	20.90	20.90 - 21.20	21.10	+0.20	0.96%	139,400
MISC	6.97	6.97 - 7.11	7.10	+0.19	2.75%	435,000
ALLIANZ	12.86	12.84 - 12.88	12.84	+0.18	1.42%	16,200
BKAWAN	20.96	20.96 - 21.00	21.00	+0.18	0.86%	10,100
HLBANK	18.86	18.86 - 19.20	19.18	+0.18	0.95%	149,300
GENP	7.48	7.38 - 7.52	7.52	+0.15	2.04%	122,400
WONG	1.67	1.67 - 1.79	1.78	+0.14	8.54%	6,467,400
TM	5.98	5.98 - 6.14	6.09	+0.13	2.18%	711,700
UTDPLT	13.64	13.64 - 13.70	13.70	+0.12	0.88%	10,300
PMETAL	5.26	5.26 - 5.39	5.35	+0.11	2.10%	1,884,800
SIMEPLT	4.11	4.11 - 4.24	4.22	+0.11	2.68%	609,400
CARLSBG	22.50	22.46 - 22.50	22.50	+0.10	0.45%	11,500
CIHLDG	4.03	4.03 - 4.18	4.10	+0.10	2.50%	99,700
HLFG	18.14	18.12 - 18.36	18.24	+0.10	0.55%	38,500
NESTLE	135.10	134.50 - 135.80	134.80	+0.10	0.07%	16,100
TAFI	2.24	2.23 - 2.34	2.33	+0.10	4.48%	13,226,200
AYS	0.47	0.465 - 0.51	0.48	+0.09	23.08%	27,539,800
LCTITAN	2.55	2.54 - 2.63	2.61	+0.09	3.57%	2,076,100
ANNJOO	2.17	2.17 - 2.24	2.23	+0.08	3.72%	665,500
IOICORP	4.00	4.00 - 4.08	4.08	+0.08	2.00%	518,200
KESM	12.80	12.78 - 13.00	12.90	+0.08	0.62%	7,100
PETGAS	16.10	16.02 - 16.20	16.18	+0.08	0.50%	117,700
SIME	2.29	2.29 - 2.38	2.34	+0.08	3.54%	2,400,000
UCHITEC	3.28	3.22 - 3.30

FUNDS COME TO BUY 1ST TIER PALM OI BLUE CHIPS

TODAY 26TH AUGUST 2021

THESE ARE TOP GAINERS

1. PPB (PERLIS PLANTATION)

2. KLK

3. BKAWAN

4. GENP (GENTING PLANTATION)

5. UTDPLANT

6. SIMEPLANT

7. IOI

After Palm Oil 1st Tier Moves First later 2nd & 3rd Liners will Follow

Best Regards

Calvin Tan

Please buy or sell after doing your own due diligence or Consult your Remisier/Fund Manager