KUALA LUMPUR: Foreign net buying on Bursa Malaysia continued for its third straight week to the tune of RM675.65mil as investors flocked into commodities-related counters amid the ongoing price surge.
By sector, foreign investors were most actively buying into finance, plantation and industrial products and services.
According to MIDF Research data, offshore fund have been net buyers on Bursa Malaysia for every day since Feb 11, 2022, with net inflow recorded in six out of the last eight weeks.
Retailers were also net buyers of local equities to the sum of RM192mil on two days of heavy buying earlier in the the week.
Local institutions however extended their disposal of Bursa stocks for a third week, with net selling of RM867.66mil.
The average daily traded value (ADTV) of local institutions also fell 0.43% over the past week, at odds with the growing participation of retail investors and foreign funds, which saw ADTV increases of 20.21% and 18.2% respectively.
"On a year-to-date basis, we have observed RM2.7bil in net inflows from foreign investors and RM600,000 in net inflows from retailers.
"Meanwhile, local institutions were the only net seller, to the tune of RM2.8bil," said MIDF.
By sector, foreign investors were most actively buying into finance, plantation and industrial products and services.
According to MIDF Research data, offshore fund have been net buyers on Bursa Malaysia for every day since Feb 11, 2022, with net inflow recorded in six out of the last eight weeks.
Retailers were also net buyers of local equities to the sum of RM192mil on two days of heavy buying earlier in the the week.
Local institutions however extended their disposal of Bursa stocks for a third week, with net selling of RM867.66mil.
The average daily traded value (ADTV) of local institutions also fell 0.43% over the past week, at odds with the growing participation of retail investors and foreign funds, which saw ADTV increases of 20.21% and 18.2% respectively.
"On a year-to-date basis, we have observed RM2.7bil in net inflows from foreign investors and RM600,000 in net inflows from retailers.
"Meanwhile, local institutions were the only net seller, to the tune of RM2.8bil," said MIDF.
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