Local retailers turn net buyers of equities last week, says MIDF

The research house said in a report that the year-to-date retailers have recorded net sales amounting to RM622.6 million.Meanwhile, foreign investors turned into net sellers last week with sales amounting to RM44.7 million following two weeks of net buying.

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“The PPI showed an improvement for the second consecutive month, with a slower contraction of 1.8% in August 2023 as compared with July 2023 at 2.3%,” it said.In terms of participation, there was an increase in average daily trading volume among foreign investors by 3.9% last week, while local retailers and local institutions saw a decrease of 6.2% and 9.2%, respectively.

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