Foreign investors net purchasers of RM242.1mil in local equities


KUALA LUMPUR: Foreign investors returned to Bursa Malaysia in the previous week with a net purchase of RM242.1mil in local equities.

This was in contrast to the regional trend as foreign investors were net sellers of Asian equities for a fourth straight week, according to MIDF Research data.

The research firm said out of the eight Asian markets it monitors, only Indonesia and Malaysia recorded net foreign inflows.

In Malaysia, the three sectors that led net inflows were financial services (RM417.mil), construction (RM128.1mil) and telecommunications and media (RM49.8mil).

The sectors that saw the most net outflows were technology (RM118.8mil), utilities (RM83.8mil) and consumer products and services (RM71.7mil).

Local institutions were net sellers of RM363.1mil after briefly net buying the week before.

Meanwhile, local retailers were net buyers for a second straight week with RM121mil net of local equities.

MIDF said the average daily trading volume (ADTV) showed an increase of 20% among foreign investors while local institutions and local retailers saw declines of 1% and

4.8% respectively.

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