EPF’s appetite for stocks to cushion downswing in prices

INVESTORS are wondering if the Employees Provident Fund (EPF) which has been selling local shares lately, will resume its buying following the declaration of dividends.

“The EPF had been selling aggressively in the past five months ahead of this dividend declaration. It can resume buying in the market after declaring RM48bil in dividends, said Pong Teng Siew, head of research, InterPacific Securities.