The market finished last week negative for the year on the back of multiple issues 1) Weak exports 2) Oil prices still staying low 3) Earnings have basically been poor all around 4) Issues around 4G and 5) Foreigners are still selling.

As we’ve seen thus far this week, local institutions have been big buyers on the back of trigger funds that were launched, expect this to be short term support, but unless something changes in the fundamentals I wouldn’t be surprised to see the market go back below 1,500.