Foreign investors made a decent return to Bursa after nine uninterrupted weeks of foreign net selling. Based on data from Bursa, foreign funds mopped up RM48.8mil net of local equities last week, the second lowest foreign net inflow thus far for the year.
If we would see, Bursa started the week off on a rather sombre mood as offshore investors sold RM85.7mil net of local equities.
Whereas, Foreign investors acquired another RM284.9mil net of local equities on Friday despite escalated trade tensions between the US and Mexico.
The FBM KLCI followed suit to rise 0.9% to 1,651 points, a level not seen since late March 2019.

Barakah Offshore Petroleum Bhd is seeing selling pressure that its subsidiary had defaulted on its loan payments.
The stock was down 1.5 sen or 21.43% to 5.5 sen on the back of 13.84 million shares done.
I think that it is in the midst of finalizing a comprehensive plan, which may include restructuring all its banking facilities.
It would endeavor to continue its other remaining business operations notwithstanding the default and will engage with the lenders and suppliers for their continuous support.

Stocks with momentum at Bursa Malaysia market are displaying positive and negative momentum for different stocks. Stocks like Vertex Consolidated Holdings showed a positive momentum down two sen at 28.5 sen. While stocks like GPA Holdings Bhd remained unchanged at 13 sen and Uni Wall APS Holdings Bhd at unchanged at 42 sen.
GPA Holdings Bhd (fundamental: 1.2/3, valuation: 0.3/3) made it to the Stocks with Momentum list yesterday for the eighth time this year in the Edge Markets.
The stock closed half a sen or 3.85% higher at 13.5 sen, after 6.52 million shares were done, compared with the average 341,814 shares recorded in the past 200 days.

Air Asia Group Bhd, which is disposing of 25 aircraft to US-based global private investment firm Castlelake LP, intends to use the proceeds of the sale to ramp up its digital business and reward shareholders.
On Dec 24, 2018, AirAsia announced that it was disposing of 25 aircraft to Castlelake LP in a deal worth US$768mil (RM3.22bil).
Later that month, AirAsia’s indirect wholly-owned subsidiary, Asia Aviation Capital Ltd (AACL), entered into a share purchase agreement with Castle lakes indirect entities for the disposal of its entire equity interest in Merah Aviation Asset Holding Ltd – which owns the aircraft.
The proposed disposal is expected to reduce AirAsia’s gross gearing ratio from 0.53 times to 0.24 times.
Meanwhile, AllianceDBS Research said AirAsia’s outlook remains steady as the market leader in the industry with 41.7% market share.

Barakah Offshore Petroleum Bhd is seeing selling pressure in early Thursday trade on news that its subsidiary had defaulted on its loan payments.
At 9.08am, the stock was down 1.5 sen or 21.43% to 5.5 sen on the back of 13.84 million shares done.
Barakah said it is in the midst of finalizing a comprehensive plan, which may include restructuring all its banking facilities. Barakah said it would endeavor to continue its other remaining business operations notwithstanding the default and will engage with the lenders and suppliers for their continuous support.

The drawdown amount of the loan was US$57.46mil in August 2014 while the total amount outstanding on May 16, 2019, was US$42.32mil.

FBM KLCI has been achieving its record low in 2019 while the FBM little top has been on a small up pattern.

The principle reason where KLCI has been dropping tremendously was because of the crash of the financial division because of the estimated interest rate drop in the future.
Therefore the money has been float out from both the banking sector and Malaysia and RM have been weakening recently.

What do you think about the recent KLCI market decline?

Please do share your opinions in the reply section.