Let's kick start the April post with participation statistics for our FBMKLCI. Let's focus at the foreign funds.
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| Bursa Malaysia Trading Participant Statistic for the Past 8 Weeks [1] |
For the month of February and March, foreign funds had been in net buy position, RM433.2 Mil and RM6,081 Mil for respectively. for the past 2 months, the foreign funds had been actively trading in our FBMKLCI. We can also track the daily participation statistics through this link. If the foreign funds are coming in, meaning to say our MYR will be stronger and stronger.
The reason being, if the foreign funds want to invest in Malaysia, first, they will take their currency and exchange it to MYR in order to invest in Malaysia. So when the MYR's demand is getting higher and the supply is still the same, that's when we see the MYR getting stronger. With the weekly chart, there is a huge bearish engulfing. So i expect the MYR to get further stronger and might breach 3.80.
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