Retailers are back

On Tuesday, retail investors were net buyers at RM45mil while foreign funds were seen tip-toeing back with a mild net buying of RM2mil as local institutions took profit and were net sellers at RM47mil.

PETALING JAYA: Retail investors have returned to the stock market to bottom fish beaten down stocks in large amounts as the stock market lifts itself off its recent bottom.

With the FBM KLCI hitting a through of 1,219.72 on March 19, it has since rebounded by 12.3% with its close of 1,369.92 yesterday. Retail investors were net buyers at RM45mil while foreign funds were seen tip-toeing back with a mild net buying of RM2mil as local institutions took profit and were net sellers at RM47mil.

In that rise of the local bourse, retail investors have ramped up their trading activity in a large way according to remisiers, eclipsing the amounts they were normally trading just a few weeks ago.