SELL in May and go away, the old financial adage that investors loosely adhered to seems to be thrown out the window, as far as the Malaysian stock market is concerned.
During more normal times, stock market investors would be selling in May and would come back only in September but there is now a noticeable shift in trends.
As the average daily trading volumes and values moderate to about 5 billion shares valued at RM3bil exchanging hands, it looks like the liquidity-flushed Bursa Malaysia is going through a dry spell, especially if one were to compare it to the peak in August 11 last year when 27.8 billion shares were traded, valued at RM7.8bil.
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