Foreign investors seems to continue to pull out of South East Asia market.
Yesterday, net foreign selling is RM263m which is another major selling after RM352.5m registered on 11-Jun-2013.
Recall that on 17-May-2013, I have said that the party is going to end soon between 1 week to 1 month time. On 11-Jun-2013 , 3 weeks after my post... KLCI tumbled 8
points. On 12-Jun-2013, the selling continues with 4 points down.
For today, we should be seeing decline of between 5pts and 10pts. The concern is usually mid and small cap stocks declined more as they are not part of the KLCI index.
Continue to take profit...come back when KLCI closer to 1750
1. TAKE PROFIT on any shares which already gain > 20% profit.
2. HOLD on to stocks with high dividend yield more than 5%.
3. Keep the $ and wait for KLCI to be closer to 1750 before start buying again.
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
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