Monday 13 February 2023

Bursa Malaysia Up, Average Trading Volume Down, while the foreign funds are running : Helter Skelter

is a song from perhaps the most popular pop band of the last century, the Liverpool born Beatles. The track was released some 55 years ago .

BURSA  Malaysia's benchmark composite index is up by nearly 7 points, but as you can see from the data above, the number of untraded securities stood at 1,122 counters and despite the seven point gain losers outnumber the gainers. THE market is being propped by the people's EPF money .... Deny it if you can Minister of Finance.

Look out
Helter skelter, helter skelter
Helter skelter
Look out, helter skelter
She's coming down fast
Yes, she is
Yes, she is
Coming down fast

ANWAR Ibrahim's honeymoon is truly over. How do we know that for sure? Well the devil is in the detail, and details state that during the same period Indonesia recorded the biggest foreign fund inflow with US$215.9 million  followed by Vietnam with US$36.5 million .

WHAT this means is, the foreign funds are not deserting South East Asia, rather they are singing Auld Lang Syne to Anwar Ibrahim's Malaysia.