Foreign buying picks up on Bursa Malaysia to RM89.04mil

  • Markets
  • Monday, 31 Jan 2022

KUALA LUMPUR: The pace of foreign buying on Bursa Malaysia accelerated with RM116.45mil net of equities purchased over the past trading week.

According to a MIDF Research data, this was a significant improvement over RM11.35mil net bought over the week before.

Foreign investors recorded growing interest in Malaysian equities with the largest net buying recorded on Tuesday to the tune of RM89.04mil.

The buying momentum slowed on Wednesday to RM21.52mil net of equities purchases following the US Federal Reserve's deision to increase interest rates.

The only foreign outflow was recorded on Friday with RM99.07mil net sold despite Malaysia releasing economic data that showed double-digit exports growth in December 2021.

Meanwhile, retail investors were net sellers for the majority of the week, ending the week with net sales of RM30.69mil in Bursa equities.

Local institutions were net sellers over the week to the tune of RM85.74mil.

Trading participation in Bursa was seen dropping across all three categories of investor.

Retailers, local institutions and foreign investors recorded a weekly decline of 11.07%, 20.59% and 16.2% respectively in aerage daily trade value.
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