Fund manager notes some light selling by foreign funds to lock in profits.
Says Composite Index has maximum downside risk at 525 but unlikely to reach that due to initial support base at 550-575. Potential for rebound still exists but must be led by institutional players as retail sentiment hurt by negative Tenaga news. But gains by some tech stocks on report semiconductor foundry may bottom in current quarter capping losses. Trader expects Index to trade with negative bias but within 565-580 range in absence of fresh leads. Volume thin at 46 million shares valued at MYR102.8 million.