13 July 2019
He said foreigners remained as net buyers on Bursa Malaysia, acquiring RM214.73 million of local equities between July 8 and July 11 compared to RM253.8 billion recorded between July 1 and July 4. “Going forward, investors would monitor closely developments in the trade war whether there would be discussions between China and the US in the immediate term and the Federal Open Market Committee on July 30-31, and whether the Fed would deliver the first rate cut since the Sub-Prime crisis in 2007/2008.
The market then turned negative from Wednesday onward as the local bourse succumbed to profit-taking amid an overbought market after a two-day rally.Local institutions sold RM277 million of equities between July 8 and July 11 compared to RM162.2 million between July 1 and July 4, while retail investors disposed of RM65.2 million, up from RM58.4 million previously.
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