Foreign funds net inflow into Bursa Malaysia halted after 7 weeks

THE healthy trend of foreign funds into Bursa Malaysia took a halt after seven consecutive weeks of net inflows, according to MIDF Amanah Investment Bank Bhd (MIDF Research).

For the week ended Sept 9, it said foreign investors — who were net sellers from Monday to Thursday before turning net buyers on Friday — net sold RM42.49 million last week.

The bulk of the foreign net outflows were seen on Tuesday and Wednesday at RM42.18 million and RM45.72 million, respectively. Foreigners also net sold RM3.89 million on Monday and RM2.6 million on Thursday before net buying RM51.9 million on Friday.

The report by MIDF Research said local institutions net bought RM91.29 million last week, after being net sellers for eight consecutive weeks. They were net buyers from Monday to Thursday last week, the research house said in its regular fund flow report.

It also said local retailers turned net sellers last week at RM48.81 million after four weeks of net buying.

The top three sectors which saw net outflows by foreign investors last week were industrial products and services at RM121.8 million, plantation (RM35.7 million) and healthcare (RM34.6 million). The top three sectors with net inflows were construction (RM69.2 million), telecommunication (RM47.9 million) and utilities (RM25.1 million).

To date, the report said international funds have been net buyers for 24 out of the 36 weeks of 2022, with a total net inflow of RM8.11 billion. — TMR / pic TMR File