Foreign investors still buy more Malaysian shares than sell

Foreign investors still buy more Malaysian shares than sell

Foreign investors remained net buyers of local stocks on Bursa Malaysia last week with the net inflow amounting to RM955.85 million, according to MIDF Research. Pix by Bloomberg.

KUALA LUMPUR: Foreign investors remained net buyers of local stocks on Bursa Malaysia last week with the net inflow amounting to RM955.85 million, according to MIDF Research.

In its weekly fund flow report, the firm said this was the second consecutive week of net inflows into Malaysia, influenced by the country's upbeat export data.

"Year-to-date (YTD), international funds have been net buyers on Bursa for five out of seven weeks. The net buying by foreign investors last week was also the highest for the year."

MIDF Research said retailers and local institutions were net sellers at RM42.02 million and RM913.85 million respectively during the seventh week of 2022.

On a YTD basis, the firm observed a total of RM2.01 billion in net inflows from foreign investors, while retailers and local institutions were net sellers, to the tune of RM0.04 billion and RM1.97 billion respectively.

In terms of participation the retail investors, local institutions and foreign investors recorded a weekly movement of 17.14 per cent, 33.07 per cent and 4.31 per cent respectively in average daily trade value (ADTV).

MIDF Research said the top three sectors with the highest net inflows by foreign investors were financial services with RM311.6 million, industrial products and services with RM270.3 million and plantation with RM242.8 million.

As for the sector that saw net outflows, healthcare stood at RM18.9 million, technology RM11.4 million and property RM6.4 million.

The top three counters for the financial services sector last week that saw the highest value traded coming from foreign investors were Public Bank Bhd, CIMB Group Holdings Bhd and Malayan Banking Bhd.

For the industrial products and services sector, the top three counters which saw the highest value traded coming from foreign investors were Press Metal Bhd, Petronas Chemicals Group Bhd and Hap Seng Consolidated Bhd.

Meanwhile, for the plantation sector last week, the top three counters that saw the highest value traded coming from foreign investors were Kuala Lumpur Kepong Bhd, Sime Darby Plantation Bhd and IOI Corp Bhd.

https://www.nst.com.my/business/2022/02/773180/foreign-investors-still-buy-more-malaysian-shares-sell