Thursday 28 Mar 2024
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KUALA LUMPUR (April 4): Foreign investors were the only net buyers for the week ended April 1, which saw total net inflows amounting to RM536.5 million, up from RM525.75 million the prior week, according to MIDF Research's fund flow report on Monday (April 4).

Local retailers turned net sellers for the week at RM72.74 million, said MIDF.

It said that international funds had been net buyers on Bursa Malaysia for 11 out of the first 13 weeks of 2022, with a net inflow of RM6.66 billion year-to-date.

According to MIDF, foreign investors were net buyers for all the trading days last week, with the largest last Friday at RM194.8 million and the smallest last Tuesday at RM30.7 million.

Meanwhile, local institutions remained net sellers with the largest selling last Monday at RM138.2 million and smallest selling last Wednesday at RM51.4 million.

Overall, local institutions were net sellers at RM463.75 million.

Local retailer movements were rather mixed last week with three days of net selling and two days of net buying, culminating in a net selling position for the week at RM72.74 million.

They were net sellers last Wednesday at RM36.12 million, Thursday at RM30.56 million and Friday at RM80.96 million, but were net buyers last Monday (RM17.39 million) and Tuesday (RM57.51 million).

MIDF said the most favoured sectors by foreign investors last week continued to be financial services, plantation and industrial product and services. These saw net inflows of RM335.6 million, RM100.4 million and RM54.6 million respectively.

Meanwhile, local institutions' only net buys were the healthcare and construction sectors at RM62.8 million and RM4 million respectively.

Year-to-date, local institutions are net sellers to the tune of RM7.08 billion, while local retailers and foreign investors have been net buyers at RM420 million and RM6.7 billion respectively.

In terms of participation, only foreign investors saw an increase in average daily trade value by 5.95%. Local institutions and local retailers recorded declines of 20.47% and 13.49% respectively.

Edited BySurin Murugiah
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