KUALA LUMPUR: Foreign funds were net buyers on Bursa Malaysia for the second week ended Oct 25 at RM302.4mil net compared with RM184.6m net in the preceding week, MIDF Research said.
With three trading days left in October, foreign funds have sold -RM488mil net of local equities during the month.
“On a year-to-date basis, the foreign net outflow from Malaysia stands at -RM8.39bil, ” it said.
MIDF Research said last Monday international funds were net sellers at RM23.7mil but turned net buyers on Tuesday at RM217.6mil net of local equities, the largest in a day since early June 2019.
The level of foreign net buying declined substantially to RM1.7mil on Wednesday but picked up with a foreign net inflow of RM117il on Thursday.
Risk-on sentiment was bolstered by the potential amicable resolution to the growing palm oil trade tensions between India and Malaysia.
International funds turned net sellers on Friday ahead of the long weekend albeit at a measurable pace of only -RM10.3mil.
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