The retail net selling in March was also the ninth consecutive month of selling by local retailers and the trend continued into April. “I would expect retail investors to gradually increase exposure if the market remains buoyant, which is what we expect,” he said. In April their purchases had amounted to RM2.9bil, absorbing the net selling by retailers and foreign institutions. While institutional buyers appear to be manning market trajectory, would lower trading costs by online trading platform Rakuten Trade and Moomoo get local retailers to return to the market? That was also at a time when local institutional involvement in the local market was lower at 27% to 30%, data reveals.

Source: The Star May 01, 2024 17:20 UTC