Foreign investors take shelter in commodity stocks

They were net sellers of industrial products and financial services sectors and their top three net sell stocks were Petronas Chemical Bhd, Public Bank Bhd and CIMB Group Holdings Bhd.

PETALING JAYA: As the Russian-Ukraine war escalated last week, foreign investors took shelter in commodity stocks, pushing their highest weekly net buying year-to-date (y-t-d) to RM1.1bil.

This was followed by retail investors, where net buying rose 18% week-on-week (w-o-w) to RM231.5mil for the week of Feb 28 to March 4, said CIMB-CGS in its latest strategy report.