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Monday, June 15, 2015

KLCI – Downtrend Continues!

Foreign selling continues

MIDF Equities Research estimates cumulative net foreign outflow in 2015 at RM7.5bil, surpassing the RM6.9bil outflow for the entire 2014.

“Foreign investors have now been net sellers on Bursa for seven consecutive weeks. And for the third week running, the amount offloaded was more than RM850mil a week — the longest undisrupted stretch of ‘intense’ selling so far this year.

“Last week’s selldown increased the cumulative net foreign outflow in 2015 to RM7.5bil, surpassing the RM6.9bil outflow for the entire 2014. We estimate that there is still an overhang of about RM15bil to RM20bil of foreign portfolio liquidity in Bursa,” MIDF Equities Research

1 MDB - The solution to 1MDB’s RM42bn debt equivalent to 4% of GDP is a huge a concern with, weaker Ringgit, capital flight, falling Bank Negara reserves, weak energy prices and political paralysis.


ringgit
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