Foreign fund buying on Bursa Malaysia continued for the second day on Thursday with net buying at RM241.4mil, according to BIMB Securities Research.
It said the gains in the FBM KLCI on Thursday, where the 30-stock index added 11.56 points to close at 1,809.13 was mainly due to fresh foreign fund inflows.
While foreign funds were buying, local institutions and retailers took the opportunity to lock in reent gains. Local funds were net sellers at RM187.5mil and retailers net sellers at -RM53.9mil.
Overnight on Wall Street, the major indices closed lower on profit taking as the US dollar strengthened against the euro amid the ongoing ECB’s bond buying process.
The DJI Average lost 117.16 points to close at 17,959.03. On the contrary, European markets were mostly higher from the ongoing QE as investors are betting on improving earnings from the weakening euro.
In Asia, major markets were mostly higher from inflows of foreign funds on expectations that the US rate hike will be delayed further.
“Despite the decline on Wall Street, we expect foreign funds to continue accumulating on Asian stocks today with the local benchmark index to retest the 1,820 level which is the immediate resistance,” it said.
Last week i thought AyamTua was hijacking other threads with his CME buy calls. but wnen cme volume started to pick up recently, i realised that ayamtua must have done with a good basis
ini kompani mau jadi developer pun sikit sikit kecik kecik punya Tanah...tarak duit konon nya....jv Tanah kuantan 124million dapat 10m saja lagi pun mau tunggu semua olang jual habis baru dia dapat balance...mau goleng saham...satu hali pun tarak busat punya margin account ...sudah 50puluh juta saham bikin sudah mau tangkap olang boknoh...50m = 5m ringgit = 1.34m usd....amboi...manyak kuchi kurat lor....
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Posted by kakisaham > 2015-03-20 09:44 | Report Abuse
overall market down now