Friday 29 Mar 2024
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KUALA LUMPUR (Feb 21): Foreign investors remained net buyers of Malaysian equities for the week ended Feb 18, recording a net inflow of RM955.85 million, boosted by the country's positive export data. 

This was the second consecutive week of net inflows, MIDF Research said in a report on Monday (Feb 21). 

“So far in 2022, international funds have been net buyers on Bursa for five out of seven weeks. We note that last week, net buying by foreign investors was also the highest for the year,” added the research house. 

Overall, retailers and local institutions were net sellers of RM42.02 million and RM913.85 million respectively in the seventh week of 2022, the report said. 

In terms of participation, retail investors, local institutions and foreign investors recorded weekly movements of 17.14%, 33.07% and 4.31% in average daily trading value respectively.

In terms of sectors, MIDF said the three sectors with the highest net inflow from foreign investors last week were financial services at RM311.6 million, industrial products and services at RM270.3 million, and plantations at RM242.8 million.

Sectors with a net outflow included healthcare (RM18.9 million), technology (RM11.4 million) and real estate (RM6.4 million).

“For the financial services sector last week, the top three counters that saw the highest value traded coming from foreign investors were Public Bank Bhd, CIMB Group Holdings Bhd and Malayan Banking Bhd (Maybank).

“For the industrial products and services sector, the top three counters which saw the highest value traded coming from foreign investors were Press Metal Aluminium Holdings Bhd, Petronas Chemicals Group Bhd (PetChem) and Hap Seng Consolidated Bhd.

“Meanwhile, for the plantation sector last week, the top three counters that saw the highest value traded coming from foreign investors were Kuala Lumpur Kepong Bhd (KLK), Sime Darby Plantation Bhd and IOI Corp Bhd,” MIDF noted. 

On a year-to-date basis, the research house has observed a net inflow of RM2.01 billion from foreign investors.

“Meanwhile, retailers and local institutions are net sellers to the tune of RM0.04 billion (RM40 million) and RM1.97 billion respectively,” MIDF added. 

Edited BySurin Murugiah
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