Week In Review, Nothing New

For this week, there is nothing new about Malaysia’s FBMKLCI index. Still consolidating, support  isstill holding up at around 1,752.

KLCI

What is more puzzling is that FBMKLCI has lagged behind our regional neighbours in terms of YTD performance:

KLCI_2.jpeg

One may wonder what may have caused the relative divergence in performance.

The recent drop in the Malaysian stock market may be attributable to recent sell-out by foreign investors (see: https://asia.nikkei.com/Markets/Nikkei-Markets/ASIA-MARKETS-Singapore-Stocks-Rise-To-Highest-In-2-Months-Malaysian-Equities-Fall).

Foreigners.png

 

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Author: Ken Utau

Markets Observer + Food Lover

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