KUALA LUMPUR: Foreign funds were net sellers on Bursa Malaysia in the week ended Nov 27, raising their total net selling since January to RM23.48bil, according to MIDF Equities Research.
In its research report on Monday, it said local institutions were also net sellers at RM77.07mil last week but again the selling by foreign funds and local institutions were well absorbed by retail investors who were net buyers RM163.8mil.
MIDF Research said retailers buying appetite has shifted from mild profit taking behaviour last week as they were concerned about whether the Budget 2021 proposals could pass in Parliament.
...