After the drop ... it is likely that investment trusts will be buying shares in blue chips and other companies that are industry leaders. |
Ahead of the holidays it is a little tough for investors to build positions. You don't know what could happen. |
Buying by foreigners appears to be about half of what it was before...so at current levels the market seems to lack strength and is easily hit by profit-taking. |
For nine straight sessions foreign brokers placed net selling orders. There were concerns about how long selling by foreign investors would last. |
Investors are still bullish about an improvement in corporate earnings. But the upcoming earnings season is making them timid about buying too much. |
Right now the market is rather quiet, but it will be a problem when investors return after the New Year and trade volume increases. |
The exchange rate is the biggest concern. |
There was some anticipation that the number might be positive, lifting some machinery stocks, but when the actual figure came in, those shares fell. |