Today Bursa suspended the whole day due to 'Hardware failure'.
Market news is saying Bursa stop trading is due to FOREIGN FUND PREPARE TO SELL DOWN THE MARKET.
If this is true, then they are 'panic selling' or 'Take advantage to profit from Market'
I believe their main purpose is to take advance to profit from an unstabilised market, & they will succeed due to the following factors:-
- The volume in Bursa Malaysia is thin. They just need to throw a portion of their shareholding to push down the Market.
- The political uncertainty & face -off between Keadilan & Umno make market participant nervous, market confidence & sentiment is at lowest level.
- Global bear market, Inflation fear, high Oil price scare off Investor to enter market.
The same person ( Foreign Funds) will wait at the bottom to pick-up good undervalue stocks.
SURE OR NOT ???
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