It has been a while I did not comment about the trade statistics in Bursa Malaysia. Our local institutional funds account for 45% of value traded but local retailers account for 48% of trading volume. We can deduce it is a two-tier market who are playing in two different segments (1) big cap and (2) small cap and penny stocks.
Some of the popular indexes especially plantation and small cap are rolling over. I would expect more indexes like Finance and trading services will join in soon, even though it have been holding up well due to institutional funds support. When that happens, I hope there will be more meaningful corrections will kick in i.e. more than 10%. Until then, my post will be infrequent. Take care.
1. Plantation
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