Posted by hatifahs > 2012-11-24 13:41 | Report Abuse

I heard possible break 1600 ,bcas foreign n epf are selling bluechip

Posted by KC Loh > 2012-11-24 13:52 | Report Abuse

yes, GE selldown began few weeks ago already. I think it was smart on the part of BN strategy given that they need to boost their warchest ahead of the campaign! also, they need to keep index low so as to attract foreign FDIs as what HK, Indonesia and Philippines are experiencing now! This blip will continue i think until GE is over together with year end window dressings!

so far, reports suggests GLCs and EPF doing most of the selling. The other foreign institutions are selling too no doubt, but in averaging their positions, from what i can see! So much for BNM's domestic demands :)