KUALA LUMPUR, May 30 — Local retailers returned as net buyers once again at RM135.1 million for the week ended May 27 following net selling by both local institutions and foreign...
KUALA LUMPUR, May 30 — Local retailers returned as net buyers once again at RM135.1 million for the week ended May 27 following net selling by both local institutions and foreign investors, MIDF Amanah Investment Bank Bhd said.
It said foreign investors continued to be net sellers after being net buyers for a brief two-week period with net outflows of -RM83 million, while the local institutions remained net sellers for the third consecutive week at -RM52.1 million. Meanwhile, it said the local institutions were net sellers the entire week except on Tuesday, where they net bought RM87.1 million and their heaviest outflow was on Friday at -RM77.6 million.
MIDF Research said the local retailers were net buyers every day of the week except on Wednesday, where they net sold only -RM260,000 of equities while their strongest net buying day was Tuesday at RM75.9 million.In terms of participation, it said all investor classes saw a decline for the week.
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