KUALA LUMPUR: Foreign fund net inflow into Bursa Malaysia was RM33.9mil on Tuesday while local institutions and retail investors continued to take profit, according to BIMB Securities Research.
Local institutions were net sellers at -RM10.9mil and retail investors at -RM23mil, it said in its market report on Wednesday.
The FBM KLCI closed the day 2.47 points lower at 1,839.61 on Tuesday despite the presence of foreign buying, it said.
“We anticipate the local bourse to be flattish today with the lack of fresh catalysts,” it added.
On Wall Street, BIMB Research said investors were bracing for a less than exciting 1Q2015 earnings results and remained on the sidelines ahead of some headwinds. The DJI Average closed 59.66 points higher at 18,036.70. In Europe, stocks were mostly weaker on renewed worries over Greece’s ongoing negotiations on its debts.Asian markets ended the day on a mixed note as major markets in the South East Asia region except for Singapore all closed at negative territory on signs of some profit takings from the foreign funds.