Heavy foreign holdings also have heavy local funds/epf holding...so from the data of RM109.5mil means foreign are buying and local funds/epf are selling in those counters.
Profit taking n positioning pre FOMC..the KLCI has rebounded more than 100 points from 1665 to 1775, mirroring the recent sell down correction from the 1800 level.It is thus expected to see some profit taking activity ahead of the FOMC meet next week and strong resistance as it approaches 1775-1800..as usual i prefer to take some money off the table first..good luck..
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imoogi99
1,640 posts
Posted by imoogi99 > 2013-09-13 09:36 | Report Abuse
Pull out???? Where got pull out....in fact yesterday foreign fund buying was RM109.5mil. The day before also was positive buying. Check the facts.