Foreign funds into Bursa narrow to RM772m

By DASHVEENJIT KAUR / Graphic By TMR

FOREIGN funds continued to up their investments in Bursa Malaysia-listed stocks last week with a net purchase of RM772.2 million worth of assets, slightly below the RM915.5 million net long position made the week before.

MIDF Research, in its weekly fund flow report yesterday, noted that global funds continued to buy for the third uninterrupted week.

Based on preliminary data from Bursa, which excluded off-market deals, the report added that foreign participat ion remained vibrant with an average daily trade value (ADTV) of about RM1.38 billion.

The retail ADTV was also impressive, reaching RM2.13 billion last week, a level not seen since February 2012.

Tenaga Nasional Bhd registered the highest net money inflow of RM23.42 million last week, while Public Bank Bhd saw the largest net money outflow of RM28.83 million.

Sime Darby Bhd recorded the second-highest net money inflow of RM10.64 million, followed by Nestlé (M) Bhd with net inflow of RM5.29 million.

Malayan Banking Bhd recorded the second-largest net outflow, some RM25.73 million in the week, followed by Petronas Chemicals Group Bhd with net money outflow at RM20.72 million, the report noted.