Foreign funds stepped their selling pressure on Malaysian equities in the week ended Aug 14 where the ringgit hit past 1998 lows with net selling surging to RM1.47bil.
BIMB Securities Research said on Monday that net foreign selling was at –RM403.8mil on Friday.
Local retailers were seen picking up battered down stocks with net buying rising to RM98.1mil in the week and RM24.8mil on Friday.
According to BIMB Research, local institutions were net buyers at in the week at RM1.318bil and RM379mil on Friday.
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BIMB Securities Research said on Monday that net foreign selling was at –RM403.8mil on Friday.
Local retailers were seen picking up battered down stocks with net buying rising to RM98.1mil in the week and RM24.8mil on Friday.
According to BIMB Research, local institutions were net buyers at in the week at RM1.318bil and RM379mil on Friday.
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