Foreign inflows positive

PETALING JAYA: The foreign inflow to Bursa Malaysia continued last week, with net buying of RM312.4mil.

According to MIDF Research data, the positive trend was in line with Asean markets, which has continued to see net inflows albeit at a slower pace.

Cumulatively for the week, Indonesia, Malaysia and Thailand registered a total net inflow of US$421.3mil (RM1.7bil), which was slightly more than half the net inflow recorded in the previous week.

On the Malaysian market, foreign investors have been net buyers for 12 of the first 14 weeks of 2022, recording a net purchase of RM6.97bil of local equity so far this year.

“The most favoured sectors by foreign investors last week continued to be financial services, industrial product and services, and plantation.

“These saw net inflows of RM329.9mil, RM57.3mil and RM45.1mil respectively,” said MIDF in a report yesterday.

Meanwhile, local institutions remained net sellers on Bursa Malaysia with RM303.19mil in net equities sold over the past week.

Retailers also adopted a net selling position with RM9.21mil net of equities sold over the last five trading sessions.

Year-to-date, local institutions are net sellers to the tune of RM7.38bil while local retailers are net buyers with a RM410mil surplus in equities.

In terms of market participation, foreign investors saw a 10.39% decline in average daily traded value over the past week while local institutions and retailers saw an increase of 13.5% and 13.66% respectively.