Tenaga Nasional registered the highest net money inflow of RM10.82mil in the week ended May 20 while Public Bank saw the largest net money outflow of –RM15.11mil, says MIDF Equities Research.
In its review issued on Monday, it said the power giant's share price slightly underperformed the market benchmark with a -0.14% weekly decline.
In comparison, the FBM KLCI ended barely changed at 0.03% during the week under review.
It is notable that net money inflow amidst retreating share price may indicate buy on weakness (BOW) stance among some investors.
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In its review issued on Monday, it said the power giant's share price slightly underperformed the market benchmark with a -0.14% weekly decline.
In comparison, the FBM KLCI ended barely changed at 0.03% during the week under review.
It is notable that net money inflow amidst retreating share price may indicate buy on weakness (BOW) stance among some investors.
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