Foreign investors buy RM324.7mil equities on Bursa

  • Markets
  • Tuesday, 17 Apr 2018

In its weekly fund flow report, MIDF Research said that foreign investors acquired RM273.3mil worth of Malaysian equities in net value last week. The figure, which excluded off market trades, was more than three times the amount acquired in the preceding week worth RM86.6mil.

KUALA LUMPUR: International investors continued to accumulate stocks listed on Bursa Malaysia last week albeit at a rather similar pace compared to the week before, according to MIDF Research.

In its weekly fund flow report, MIDF said based on preliminary data, foreign investors acquired RM324.7mil equities last week, the 8th time in 2018 that weekly foreign buying levels exceeded RM300mil.

The research house noted that foreign buying activity occurred on four out of five trading days last week.

“Global investors made a strong start to the week as they mopped up RM188.3mil net of local equities on Monday.

“This was also the largest daily amount acquired during the week, coinciding with the KLCI adding 12.7 points as President Trump’s tweet expressed optimism on US-China relations, which softened fears of a trade war,” MIDF said.

Foreign inflows slightly slowed down the next day to a tune of RM131mil net, the research house said.

Wednesday saw a decent net outflow of RM27.4mil amid escalated tensions over Syria, which overshadowed the news of volume across Bursa exceeding four billion shares amid the timing of the 14th General Election, which was made public on the day before.

Nonetheless, MIDF said foreign investors returned to Bursa on Thursday and Friday but at a marginal level of RM17.5mil and RM15.3mil net, respectively.

“It was noteworthy that Malaysia and South Korea were the only markets among the seven Asian exchanges that we track to experience foreign inflows on Thursday and Friday,” MIDF said.

On a year-to-date basis, foreigners have so far accumulated RM2.85bil net of local equities.

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