KUALA LUMPUR: The foreign inflow into Bursa Malaysia continued in the week ended March 4 for a fourth straight week of net foreign buying.
According to MIDF Research data, the inflow of foreign dollars to Malaysia's bourse was in line with the performance of other Southeast Asian markets, which saw an inflow of foreign interest while other international markets were sidelined due to the ongoing Ukraine-Russia crisis.
"Overall, of the markets that we tracked; four countries, which were Southeast Asian countries, recorded net inflows amounting to US$899.09mil.
"Of this, Thailand saw the biggest inflow with US$307.2mil. The second biggest net inflow was from Indonesia with US$317.5mil, then followed by Malaysia and the Philippines at US$257.9mil and US$2.9mil respectively," said the research firm.
It noted that the foreign net buying of RM1.08bil for Malaysia last week was the highest in the year so far, surpassing the previous high of RM955.9mil in the week ended Feb 18.
"Foreigners continued to be net buyers on every day of the week since a month ago on Feb 7, ie. for 20 consecutive days uninterrupted.
"The largest foreign inflow recorded last week was on Monday at RM490.9mil and the smallest inflow was on Wednesday at only RM79.85mil," it added.
MIDF data revealed that the sectors that saw the highest foreign inflow were industrial products and Services (RM518.6mil), financial services (RM289.7mil) and plantation (RM229.8mil).
Meanwhile, retail investors were also net buyers on the local market last week to the tune of RM230.4mil.
Local institutions were the only net sellers to the sum of RM1.31bil net sold.
