Foreign funds turned net buyers on Bursa Malaysia on Wednesday but in a small way with net buying at RM14mil, according to BIMB Securities Research.
The research house said on Thursday local institutions were net sellers at -RM60.0mil but retail investors extended their buying at RM46mil.
On Wednesday, the FBM KLCI ended higher, gaining 4.62 points to 1,726.86, lifted mainly by telco and banking stocks.
“We expect the local market to trend sideways as investors will remain cautious ahead of regional economic data with the index hovering around 1,725 to 1,730,” it said.
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The research house said on Thursday local institutions were net sellers at -RM60.0mil but retail investors extended their buying at RM46mil.
On Wednesday, the FBM KLCI ended higher, gaining 4.62 points to 1,726.86, lifted mainly by telco and banking stocks.
“We expect the local market to trend sideways as investors will remain cautious ahead of regional economic data with the index hovering around 1,725 to 1,730,” it said.
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