Foreign investors bought RM192m Malaysian equities in week ended March 22

  • Business
  • Monday, 25 Mar 2013

KUALA LUMPUR: Foreign investors continued to buy Malaysian equities in the week ended March 22, the 15th week since early December 2012, MIDF Equities Research said.

The research house said on Monday, on a net basis, foreign investors bought RM192.20mil from the open market last week, despite outflows from most of the other Asian markets.

"Foreign funds were net buyers throughout last week except for Monday. Their rate of participation (average daily gross purchase and sale) declined to RM5.1bil last week from RM6.4bil," it said.

MIDF Research said year-to-date, foreign portfolio investors bought RM6.7bil of Malaysian equities.

However, local institutions continued selling in the week ended March 22 with yet another net weekly sale, the fourth week in a row, of RM122mil. Local retailers were net sellers at RM70mil.

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