Foreign selling of Malaysian equities has hit RM1.21 billion year-to-date as of last week, after the outflow stretched for a sixth consecutive week, with a weekly outflow of RM336 million.

Foreign selling of Malaysian equities hit RM1.2b year-to-date — MIDF

Foreign selling of Malaysian equities extended for a fifth week, with a 39% higher outflow of RM435.1 million last week, from RM313.8 million the prior week.

In its weekly fund flow on Monday (April 1), MIDF Research said the three-day net buying streak by the foreigners ended last Monday (March 25), amounting to RM13.7 million.

Foreign selling of Malaysian equities rose 39% to RM435.1m last week, says MIDF

Foreign selling of Malaysian equities extended for a fourth week, albeit 24% lower at RM313.8 million last week, from RM415.1 million the prior week.

In its weekly fund flow report on Monday (March 25), MIDF Research said foreign funds were net sellers from last Monday (March 18) to last Wednesday, totalling RM757.5 million, and net bought RM443.7 million last Thursday and last Friday following improved sentiments after the Federal Open Market Committee meeting with three rate cuts still in the pipeline.

Foreign selling of Malaysian equities slowed 24% to RM313.8m last week, says MIDF

Foreign selling of Malaysian equities moderated to RM415.1 million last week, from RM1.51 billion the prior week.

In its weekly fund flow report on Monday, MIDF Research said foreign funds only net bought RM46.5m last Tuesday, but were net sellers for the rest of the week.

Foreign selling of M'sian equities moderated to RM415m last week, says MIDF

Local institutions’ net buying of Malaysian equities more than tripled to RM1.42 billion last week, from RM443.5 million in the previous week, according to MIDF Research.

Local institutions more than tripled net buying of equities to RM1.42b last week — MIDF

Foreign buying of Malaysian equities snapped last week with a net disposal of RM503 million last week, the highest outflow in 19 weeks, from a net inflow of RM786.1 million the prior week.

Foreign buying of Malaysian equities snapped with RM503m outflow last week, says MIDF

Foreign buying of Malaysian equities more than doubled to RM786.1 million last week from RM352.9 million the prior week.

Foreign buying of Malaysian equities more than doubled to RM786.1m last week — MIDF

Foreign buying of Malaysian equities extended for a fourth week to RM352.9 million last week, a tad lower than the RM400.7 million the prior week.

Foreign buying of M'sian equities extends to fourth week but down to RM350m, says MIDF

Foreign buying of Malaysian equities rose to RM400.7 million last week from RM131.8 million the prior week, marking the third consecutive week of net purchases.

Foreign buying of M'sian equities tripled to RM400m last week, says MIDF

Foreign buying of Malaysian equity extended last week but dropped to RM131.8 million from RM267.7 million the prior week, according to MIDF Research.

Foreign buying of Malaysian equity dropped 49% to RM131.8m last week — MIDF Research

Foreign investors returned as net buyers on Bursa Malaysia, contributing to a net foreign inflow of RM267.7 million last week after disposing of local equities worth RM66.3 million in the prior week during a shortened trading week in conjunction with the Thaipusam holiday on Thursday.

Foreign funds return to Bursa with RM267.7m inflow, says MIDF

Foreign selling of Malaysian equities narrowed to RM66.3 million last week, from RM93.1 million the prior week.

In its weekly fund flow report on Monday, MIDF Research said this was due to net selling last Wednesday and Thursday.

Foreign selling of Malaysian equities narrowed to RM66.3m last week, says MIDF

Foreign investors continued to be net buyers of domestic equities on Bursa Malaysia, with a total of RM524.9 million in the first week of 2024, up from RM165.3 million in the final trading week of 2023.

Foreign funds bought RM524.9 mil of local equity in first week of 2024, says MIDF

Foreign funds acquired RM165.3 million of Malaysian equities in the final trading week of 2023, extending the inflow for a third week running.

Foreign funds bought RM165.3m of Malaysian equities in last week of 2023, says MIDF

(April 19): Some lenders to Thames Water could face losses of as much as 40% in the event that it ends up being nationalized by the UK government, according to contingency plans drawn up by officials.

The highly indebted water utility, which supplies a quarter of people in England, is i...

Thames Water lenders face 40% losses if it’s nationalized

(April 19): Hedge funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March.

Hedge funds cry foul over Chinese education firm’s default

Mah Sing Group Bhd's M Oscar development in Sri Petaling has achieved an 85% Quality Assessment System in Construction (Qlassic) from the Construction Industry Development Board (CIDB). The certification was presented by CIDB Malaysia CEO Datuk Mohd Zaid Zakaria at an appreciation night for the completion of M Oscar recently.

Mah Sing's M Oscar awarded 85% Qlassic score

Cities are facing a growing number of crises that cannot be resolved by traditional means. These include the challenges of coexisting with significant cultural differences and diversity, developing the sustainability agenda and discovering the city’s role and purpose on an economic, cultural and ...

Shaping Kuala Lumpur into a creative city

Emerging Asian equities and currencies were sharply lower on Friday as reports Israel attacked Iran in an escalation of tensions in the Middle East led investors to flee to safe-haven assets, including the US dollar.

Surging dollar pressures Asian FX; South Korean won leads losses

PUTRAJAYA (April 19): Payment of fees for training or classes in esports, equestrian, swimming, motorsports and taekwondo is eligible for tax relief of up to RM1,000 from next year, said Youth and Sports Minister Hannah Yeoh.

Payment of fees for sports training eligible for tax relief from next year — Hannah

Taiwan said on Friday China's decision to open new air routes that run perilously close to two Taiwanese-controlled islands was a flight safety risk taken without consultation, adding it will demand any aircraft using them be asked to turn around.

China opens new air routes near Taiwanese islands

Indonesia said fiscal and monetary policies are in sync to cushion the economy from the rising dollar, demonstrating an all-hands-on-deck approach, with the central bank signalling they’re intervening more actively to aid the rupiah.

Indonesia takes steps to shield economy from strong dollar

Israel launched an attack on Iranian soil on Friday, sources said, in the latest tit-for-tat exchange between the two arch foes, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.

Israel attacks Iran, Reuters reports, as drones shot down over Isfahan 

Five Japanese nationals survived a suicide bomb attack on their vehicle on Friday, as police in Pakistan's city of Karachi shot down a gunman accompanying the bomber, a police spokesperson said, but two passers-by were injured.

Five Japanese nationals escape Pakistan suicide blast attack

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

Israel launched an attack on Iranian soil on Friday, sources said, in the latest tit-for-tat exchange between the two arch foes, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.

Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).&nbsp;

Awantec shares plunge 53%, intraday short selling suspended 

Shares of Sapura Energy Bhd will be suspended from trading pending an announcement, the company said on Friday.

Trading in Sapura Energy suspended pending announcement 

PIE Industrial Bhd, whose share price extended its rally to a new all-time high on Thursday on reports that it has secured a new customer, confirmed the matter and said it is expecting the new customer to contribute an additional RM2.5 billion revenue to the group, of which RM1 billion will be recognised as early as next year.

PIE Industrial confirms bagging new client, expects additional RM2.5 bil revenue

RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).

RHB upgrades Public Bank to ‘buy’, raises target price to RM4.80

The oil-rich Malaysian state of Sarawak in Borneo is aiming to transform itself into a centre for clean hydrogen energy, betting that its ability to harness an abundance of hydropower can help it defy challenges that are clouding the fuel’s prospects elsewhere.

 Sarawak aiming to transform itself into a centre for clean hydrogen energy

Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.

Malaysia's economy grew 3.9% in 1Q2024, advance estimate shows

Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports Israel attacked Iran in a continuing series of assaults that have increased concerns of a wider Middle East conflict.

Stocks sink, oil jumps after Israeli attack on Iran

Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.

Apple pulls WhatsApp, Threads from China app store after Beijing order

The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).

Margma optimistic of rebound in 2024, expects surge to 450 billion pieces by 2027

The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.

KLCI up 0.43% with focus on energy, plantation, financial stocks

Bursa Malaysia Bhd’s core net profit may have risen 34% in the first quarter, from a year earlier, on higher securities and derivatives trading activity when the exchange operator reports its results, Hong Leong Investment Bank said.

Bursa Malaysia 1Q earnings likely up 34% y-o-y, HLIB projects

KUALA LUMPUR (April 19): MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;

Main-Market bound MKH Oil Palm’s IPO oversubscribed by 8.43 times

Malaysia’s exports contracted at a slower than expected pace in March mainly due to lower foreign demand for electronics while shipments to China fell, official data Friday showed.

Malaysia’s March exports down 0.8%, imports surge 12.5%

The planned merger of Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, with India’s Bharti Airtel Ltd raises concerns as the latter's subsidiary Airtel Lanka is currently a loss-making company, analysts said.

Malaysia’s Axiata merger with Bharti Airtel of India raises earnings concern — analysts

RHB Retail Research said Inari Amertron Bhd is poised to challenge the RM3.27 resistance level once again, which would make this its fourth attempt this year.

Inari poised to challenge RM3.27 resistance, says RHB Retail Research 

The US on Thursday effectively stopped the United Nations from recognising a Palestinian state by casting a veto in the Security Council to deny the Palestinian Authority full membershipof the world body.

US stops UN from recognising a Palestinian state through membership

The amount of reserves in banking system — a key determinant for the Federal Reserve to continue shrinking its balance sheet — dropped by the most in two years as Americans paid income tax bills out of their bank accounts.

US bank reserve balances see largest drop since 2022 tax season

Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.

According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.

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