Malaysia equity net foreign inflow at RM3.38b in Jan 2018 — MIDF

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KUALA LUMPUR (Feb 5): Foreign investors' net purchase of Malaysian shares amounted to RM3.38 billion in January 2018 compared to the RM418.8 million worth of net acquisitions a year earlier. MIDF Amanah Investment Bank Bhd said today foreign participation remained active as foreign average daily trade value (ADTV) across Bursa Malaysia stood above RM1 billion for the past five weeks.

MIDF said in its fund flow report today that on a weekly basis, foreign ADTV increased 46% to RM1.6 billion last week (week ended Feb 2) from RM1.1 billion a week earlier (week ended Jan 26).

"The retail market was equally attractive as the retail ADTV remained above RM1 billion despite a weekly drop of 9% to RM1.3 billion," MIDF said.

For the week ended Feb 2, international investors' net acquisition of local equities amounted to about RM344.7 million after they bought and sold RM2.64 billion and RM2.3 billion worth of shares respectively, according to MIDF. The research house said its fund flow report is based on Bursa Malaysia preliminary data, which excluded off-market deals.

"Based on preliminary data from Bursa which excluded off market deals, international investors acquired RM344.7 million net of local equities last week, less than half of the RM872.6 million net acquired in the preceding week. During the three-day trading week, foreign investors were net buyers on two days," MIDF said.