Bursa Malaysia records net foreign inflow of RM179mil

Estimate Reading Time: < 1 minute

KUALA LUMPUR: There a second straight week of foreign net buying on Bursa Malaysia in the week ended July 21, 2023, with RM179mil of net inflow.

-Advertisement-

The net figure was much lower compared to RM570.9mil from a week earlier due to the Awal Muharram public holiday on Wednesday that resulted in a shortened trading week.

This was in line with the reduced buying in the eight Asian markets tracked by MIDF Research, which recorded an overall lower net inflow of US535.7mil, as compared to US$3.45bil in the previous week.

On Bursa, the sectors that saw the highest net foreign inflows were utilities (RM107mil), technology (RM73.5mil) and construction (RM68.4mil).

The bottom three sectors with net outflows were consumer products and services(RM103.1mil), financial services (RM35.8mil)and REITs (RM11.2mil).

The week’s performance further pared down the year-to-date net sales figure by foreign investors to RM3.7bil.

-Advertisement-

Meanwhile, local institutions remained net sellers for the second week, with net sales of RM91.3mil.

Local retailers were also net sellers with RM87.7mil of net sales.

In terms of participation, there was a decrease in the average daily trading volume of foreign investors by 2.9% while retail investors and local institutions saw increases of 6.8% and 17.4% respectively.

– The Star


Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/capitalp/public_html/wp-includes/functions.php on line 5373