Foreign investors are net seller for RM 1.1 Bil last month

Last week, foreign investors net selling amounting to RM 127.30 millions. The week before recorded selling of RM 480 Millions. Total of four weeks is RM 1.1 Billion. We are not sure the data is net selling or gross. But local funds should be the buyers to support the market. This explained why we thought the market should be weak after a prudent budget in short term. However the market move upwards with support on KLCI component stocks.