(From Business Times (Malaysia))
LAST week, share prices on Bursa Malaysia Bhd consolidated on a sideway course. The Kuala Lumpur Composite Index (KLCI) staged a technical pullback on the back of the technical pullbacks of key heavyweight index-linked blue-chip counters.
While the broader index was bracing for a consolidation, institutional investors and retail players headed for the sidelines to await a much clearer technical picture to emerge before committing further portfolio positions.
Indeed, institutional investors took the opportunity to exit from their blue-chip portfolio positions. They preferred to adopt a wait-and-see attitude as a …