Foreign investors net inflow at RM535mil last week

Foreign investors net inflow at RM535mil last week

In week 31 May, foreign investors were net selling on Bursa at RM1.24 billion, says MIDF Research.

kl skyline
The sectors experiencing the highest net foreign inflows are utilities, transportation and logistics, and technology. (AP pic)
PETALING JAYA:
Foreign investors continued to favour Malaysian equities last week, with a net inflow of RM535 million, after briefly net selling the week before, said MIDF Research in its latest weekly fund flow report.

It was a shortened trading week in conjunction with the Yang di-Pertuan Agong’s Birthday on Monday (June 3).

The research house said foreign investors were net selling on Bursa Malaysia the week before (week 31 May) at (-RM1.24 billion).

MIDF Research said foreign investors net bought RM253.7 million on Tuesday, RM163.6 million on Thursday, and RM186.8 million on Friday.

“They net sold (-RM69.1 million) on Wednesday,” it said.

The sectors with the highest net foreign inflows last week were utilities (RM167.5 million), transportation and logistics (RM134.5 million), and technology (RM115.7 million).

“The sectors with the highest net foreign outflows were plantation (-RM108.2 million), telecommunication and media (-RM32.1 million), and energy (-RM22.4 million),” it said.

In contrast, local institutions returned to net selling at -RM293.5 million after briefly net buying the week before.

It said local retailers returned to net selling again, disposing of (–RM242.5 million) worth of equities after briefly net buying the week before. They net sold for the whole week.

Regarding participation, the average daily trading volume (ADTV) declined by (-6.3%) for retailers, (-2.7%) for local institutions, and (-21.7%) for foreign investors.

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