EPF buys Bursa shares as price falls to lowest in three months - News Summed Up

EPF buys Bursa shares as price falls to lowest in three months


According to Bursa’s latest filings on its website on Thursday (June 9) and Friday, the EPF had on Tuesday acquired 31,900 Bursa shares after buying 100,000 shares on June 3. Following the latest transaction, the EPF’s stake in Bursa rose to 9.54% comprising 77.21 million shares from 9.536% on June 3, the bourse regulator said. The EPF bought more Bursa shares at a time when the bourse regulator’s share price had fallen to its lowest in about three months since March. On Friday, Bursa’s share price closed down six sen or 0.91% at RM6.56, the lowest since March 16 when the stock ended at RM6.87 compared with RM6.39 on March 15. Compared to a year earlier, Bursa’s latest share price was down from its closing price of RM8.11 on June 10, 2021.


Source: The Edge Markets June 11, 2022 09:21 UTC



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