Bursa says listed firms market cap slips to RM1.77 tril

According to Bursa Malaysia, foreign funds emerged as net buyers in plantations (+RM368 million), utilities (+RM230 million), and industrial (+RM202 million) sectors. "Local institutions added RM140 million, while local retailers added RM71 million in May," it added. On the plantation sector, Bursa said foreign investors further increased their stakes in plantation stocks with inflow of RM368 million (April: RM246 million), but local institutions offloaded RM327 million. The top five selections for local institutions, on the other hand, were Westports Holdings Bhd, RHB Bank Bhd, Malaysia Airports Holdings Bhd, Public Bank Bhd and Genting Bhd. As for local retailers, they preferred Top Glove Corp Bhd, Inari Amertron Bhd, Fraser & Neave Holdings Bhd, Dialog Group Bhd, and RHB Bank.