Bursa sees RM853.8mil foreign inflows, first streak since Sept 2024
KUALA LUMPUR: Foreign investors continued their buying streak on Bursa Malaysia for a second consecutive week, recording RM853.8 million in net inflows — the first two-week gain since September 2024, according to MIDF Research, foreign investors were net buyers on every trading day, ranging between RM50.7 million and RM340.8 million.
"Friday saw the highest net foreign inflow, followed by Thursday, which saw net inflows of RM340.8 million and RM325.2 million, respectively," the firm said in its Fund Flow report for the week ended May 2.
According to the report, the financial services sector saw the highest net foreign inflow at RM567.4 million, followed by healthcare at RM124.8 million and industrial products and services at RM107.9 million.
In contrast, only two sectors saw net foreign outflows, with energy at RM31.9 million and plantations at RM6.0 million.
"Local institutions also extended their streak of net selling to two consecutive weeks, with outflows amounting to –RM692.6 million.
"This was the second consecutive week of net selling by local institutions since August 2024," MIDF Research said.
The firm added that local retail investors extended their trend of net selling to three weeks, with an outflow of –RM161.2 million, almost 2.5 times more than the previous week's outflow.
It said the average daily trading volume (ADTV) rose across the board last week, with local institutions and retailers posting increases of 8.7 per cent and 5.7 per cent respectively, while foreign investor activity surged by 26.0 per cent.
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