US
Volumes plummet as foreign investors divest from the market.
Investor confidence hits a low as foreigners pull out of the market.
Banking, fertiliser and energy sectors come under pressure during the week.
Net foreign inflows stood at $33 million, up 159% from previous week.
Good corporate results, foreign inflows contribute to index’s gains.
Stock-specific activity resumes with start of results season.
No news regarding the revised CGT regime keeps investors worried.
Investors anxiously await order regarding revised CGT regime as index closes right below 14,000-point barrier.
Foreigners were net sellers of $7.7 million while capital gains tax implementation was delayed.
Political situation and uncertainty of the Capital Gains Tax regime kept the index range-bound.