Alchemists and Soothsayers for 2011

Yes, the data has just come in.

Contrary to what was written by many external sources,this one is a definite departure.

Stock market sees seven months of net foreign buying

If you believe easily, then read what Kuala Lumpur-based Credit Suisse Group AG analyst Tan Ting Min has stated  in a Tuesday report about the in-flow of foreign funds in to Bursa KL. Apparently statistics has bailed her out as  foreign funds has bought RM2.6 billion worth of shares in December,rebounding from RM900 million in November following RM1.8 billion worth of purchases in October. This represents  seven consecutive months of net foreign fund inflows spurred by  a strengthening ringgit and measures by the Government to boost the economy.

“The stock market will be driven by liquidity, supported by a robust economy, rising commodity prices and a stronger ringgit,” she said.

Tan added that efforts to transform the economy to attract investments would also boost the market.

Among her stock picks were CIMB, Public Bank while Gamuda and IJM Corp were key beneficiaries
of the Economic Transformation Programme.

Tan said UEM Land, AirAsia and Axiata were also stocks to look out for.

If you are a trader,take this with a pinch of salt and head for the doors when such analysts stop saying anything good about the market!