Offshore funds return to Bursa with net buying of RM247.62mil

KUALA LUMPUR: Bursa Malaysia saw a return of offshore funds in the week ended April 22 with net buying of RM247.62mil in local equities.

According to MIDF research data, the positive net inflow reversed the foreign outflow recorded in the previous week, in line with the ongoing buying interest in Asean markets.

"Asean markets (except the Philippines) recorded net inflows, led by Indonesia, which saw its fifth straight week in the positive region at USD373.5mil.

"Thailand maintained its inflow streak for the 13th consecutive week at USD97.5mil," it noted.

In Malaysia, international funds have been net buyers for 13 out of the first 16 weeks of 2022, with a total net inflow of RM7.16bil.

Meanwhile, local retailers were also net buyers with RM25.74bil net of local equities bought, bringing year-to-date net purchases to RM613.89mil.

Local institutions remained net sellers for an 11th consecutive week to bring net sales to RM7.77bil so far in 2022.

In terms of participation, foreign investors saw an increase in the average daily trade value (ADTV) by 9.67%.

Local retailers and local institutions on the other hand, saw declines of 8.12% and 1.99% respectively.