KUALA LUMPUR: Bursa Malaysia saw a third straight week of net foreign inflow last week to the sum of RM69.5mil, despite a predominantly negative trading bias on the market.
Malaysian Industrial Development Finance (MIDF) Research reported that foreign investors were net sellers on three out of the five trading days.
However, a surge of net buying on Thursday to the sum of RM112.2mil, offset the net selling over the course of the week.
The net positive result on Bursa Malaysia was in line with what was recorded over other Asian markets tracked by MIDF.
“Based on provisional aggregate data from the eight exchanges we monitor, investors classified as ‘foreigners’ have net purchased Asian equities worth USD2.14bil.
“Weekly flows have largely remained positive, with all countries except Vietnam recording net foreign outflows,” said the research firm.
On Bursa Malaysia, the top three sectors with the highest foreign inflows were technology (RM32.3mil), financial services (RM26.8mil) and plantation (RM24.2mil).
The sectors that saw the most foreign outflow were utilities (RM42.5mil), healthcare (RM38.3mil) and REITs (RM8.5mil).
Institutional investors were net buyers of RM3.6mil of local equities, which was a drop from the previous week’s net purchase of RM50.1mil.
Local retailers however remained net sellers for the third consecutive week with RM73.1mil net sold.
In terms of participation, there was an increase in average daily trading volume (ADTV) among local retailers by 11.1%, local institutions by 15.5% and foreign investors by 20.5%, said MIDF. – The Star