KUALA LUMPUR: Local retailers bought RM143.1 million worth of equities on Bursa Malaysia last week, putting an end to their 11-week net selling streak...
Local retailers bought RM143.1 million worth of equities on Bursa Malaysia last week, putting an end to their 11-week net selling streak, according to MIDF Research.Meanwhile, foreign investors turned to net sellers last week with sales amounting to RM44.7 million following two weeks of net buying, the research house said in a report yesterday.
Meanwhile, the top three sectors that recorded net foreign outflows were financial services , consumer products and services and healthcare , it said. “The bulk of the outflow took place on Tuesday, coinciding with the release of Malaysia’s Producer Price Index data. Local institutions have been net buyers year to date, accumulating RM2.59 billion, the research house said.
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