KUALA LUMPUR (July 12): Foreign selling of Malaysian equities narrowed to RM120.55 million last week from RM320.28 million the prior week. “Local institutions remained to be net buyers for two consecutive weeks after buying RM29.9 million last week. “They were net buyers last Monday at RM50.2 million and turned into net sellers last Tuesday at RM22.2 million,” it said. It said local institutions were net sellers for 20 out of 27 weeks, with a total net outflow of RM7.78 billion. It said local retailers had been net buyers for 18 out of 27 weeks of 2022, adding that year-to-date, they are net buyers at RM1.83 billion.

Source: The Edge Markets July 12, 2022 15:21 UTC