The net local retail-buying is relatively small despite the higher level of participation among retail investors in the market. In the four trading days last week from May 12 to May 15, a total of 32.22 billion shares valued at RM16.74bil changed hands on the local bourse. Retailers commanded 40% of this value, which CGS-CIMB research head Ivy Ng pointed out was significantly higher than 2019’s average of 25%.
PETALING JAYA: Retail investors are flooding the market with short-term trades, driving a surge in interest in penny stocks.
This has resulted in the average value of a share traded on Bursa Malaysia to fall by 51.25% compared to the period prior to the movement control order (MCO).
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