Markets
EPF, KWAP and PNB net buyers on Bursa
Mathenny K | 14 Jul 2017 00:30
The FBM KLCI lost 0.35% for the week, settling at 1,753.78 points on July 13 from 1,759.93 on July 7 – the lowest level since April 24.

This was partly attributable to the weakening of the oil price and heightened tensions in North Korea. Prior to that, foreign investors continued to pull out from Malaysia, resulting in the weekly net flow of foreign fund into equity to decrease by RM205.18 mil for the week ended July 7.

However, big local funds emerged as net buyers to take advantage of falling prices over the past weeks.

According to filings with Bursa Malaysia from July 7 to 13, the Employees Provident Fund (EPF) mopped up 145.91 million shares in 48 counters with the biggest chunk in Maxis Bhd (29.36 million shares acquired).

To Read the Full Story, Subscribe or Log In