KUALA LUMPUR: The net inflow of foreign funds on Bursa Malaysia accelerated to RM303mil in the previous week, in line with the improved appetite for equities in Asian markets.<\/p>\n
MIDF Research said the net inflow on the domestic market was nine times higher than the net inflow of RM33.2mil in the week prior.<\/p>\n
“Foreign investors were net buyers on every trading day except Friday, with inflows ranging from RM23.3mil to RM112.6mil.\u00a0<\/p>\n
“The largest inflow was recorded on Thursday, followed by Tuesday with RM106.8m. Friday was the only day to record a net outflow at \u2013RM6mil,” it said in its weekly fund flow report.<\/p>\n
By sector, the highest net foreign inflows were seen in utilities (RM419.3mil), industrial products and services (RM182.8mil) and transport and logistics (RM98.2mil).<\/p>\n
The sectors that led net foreign outflows were healthcare (RM177mil), telecommunications and media (RM153.7mil) and financial services (RM78.9mil).<\/p>\n
Local institutions, meanwhile, continued their net buying streak for a seventh week with a net inflow of RM61mil, which was a drop from the earlier week’s net inflow of RM142.8mil.<\/p>\n
Local retailers were net sellers for a second straight week with a net outflow of RM363.9mil, representing twice the amount of RM176mil in the week before.<\/p>\n
The average daily trading volume (ADTV) saw a broad-based increase last week. Local<\/p>\n
retailers and local institutions saw an increase of 6.6% and 36.2% respectively, while foreign investors saw an increase of 8.2%.<\/p>\n
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