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Focus Malaysia
5 days ago
- Business
- Focus Malaysia
Foreign funds extend net selling streak on Bursa to a 4th successive week with RM444.4m
FOREIGN investors continued their streak of net outflows on Bursa Malaysia during the June 9-13 trading week by extending their stock disposal trend to a fourth week with a net outflow of -RM444.4 mil which was slightly higher than the previous week's outflow of -RM387.4 mil. They were net sellers on every trading session except Wednesday (June 11) with outflows ranging from -RM34.6 mil to -RM211.6 mil, according to MIDF Research. 'The largest outflow was recorded on Friday (June 13) followed by Thursday (June 12) with -RM127.4 mil while Wednesday (June 11) recorded a net inflow of RM10.1 mil,' observed the research house in its weekly fund flow report. The three sectors that recorded the highest net foreign inflows were industrial products & services (RM19.4 mil), transportation (RM17.3 mil) and REITs (RM8.2 mil). The top three sectors with the highest net foreign outflows were financial services (-RM305.2 mil), healthcare (-RM51.7 mil) and property (-RM36.8 mil). On the contrary, local institutions continued their buying activities by extending their buying streak to o a fourth week with net inflows amounting to RM620.6 mil. However, local retailers did the opposite by extending their selling streak to two weeks with a net outflow of -RM176.2 mil or three times higher than the previous week's net selling of -RM57.3 mil. The average daily trading volume (ADTV) saw a broad-based incline last week with the exception of foreign investors. Local institutions and local retailers saw an increase of +12.6% and +14.6% respectively while foreign investors saw a plunge of -8.4%. In comparison with another four Southeast Asian markets tracked by MIDF Research, Indonesia raked in the highest net inflow at US$50.9 mil to snap its single-week outflow streak. Elsewhere, Thailand posted a modest net inflow of US$18.1 mil to end its three-week foreign selling streak while Vietnam posted US$13.8 mil in inflows to reverse four straight weeks of foreign withdrawals. The Philippines was the only SEA country (apart from Malaysia) to record a net outflow last week with -US$2.1 mil to reverse a single-week streak of foreign purchases. The top three stocks with the highest net money inflow from foreign investors last week were Sunway Construction Group Bhd (RM68.5 mil), Genting Malaysia Bhd (RM45.2 mil) and My E.G. Services Bhd (RM33.0 mil), – June 16, 2025
New Straits Times
5 days ago
- Business
- New Straits Times
Foreign investors continue to exit Bursa Malaysia for fourth week
KUALA LUMPUR: Foreign investors continued to withdraw funds from Bursa Malaysia for the fourth consecutive week, according to MIDF Research. The research house reported a net outflow of RM444.4 million, which was slightly higher than the RM387.4 million withdrawn in the previous week. "Foreign investors were net sellers on every trading day except Wednesday, with outflows ranging from RM34.6 million to RM211.6 million," MIDF Research said in its weekly fund flow report on Monday. "The largest outflow was recorded on Friday, followed by Thursday with RM127.4 million. Wednesday recorded a net inflow of RM10.1 million." MIDF Research noted that the top three sectors with net foreign inflows were industrial products and services (RM19.4 million), transportation (RM17.3 million), and real estate investment trusts (RM8.2 million). Foreign investors pulled the most funds from financial services (RM305.2 million), followed by healthcare (RM51.7 million) and property (RM36.8 million). Local institutions continued their buying activities, extending their streak to four weeks with net inflows totalling RM620.6 million. Meanwhile, local retailers extended their outflow streak to two weeks, recording a net outflow of RM176.2 million, which was about three times higher than the previous week's net selling of RM57.3 million. "The average daily trading volume saw a broad-based increase last week, with the exception of foreign investors," it added. "Local institutions and local retailers saw an increase of 12.6 per cent and 14.6 per cent respectively, while foreign investors saw a plunge of 8.4 per cent."
New Straits Times
28-05-2025
- Business
- New Straits Times
Media Prima posts results that reflect adverse market conditions, ongoing industry evolution
KUALA LUMPUR: Media Prima Bhd, the country's largest integrated media group, posted RM211.6 million revenue and RM1.0 milion net profit in the third quarter ended March 31 2025 (Q3 FY25). The results were supported by an 11 per cent year-over-year growth in non-advertising revenue, which enabled the group to balance the impact of adverse market conditions on advertising revenue. Culmulatively, Media Prima's revenue in the first nine months stood at RM634.5 million, with a net profit of RM6.9 million. The performance was achieved amid challenging market conditions and ongoing industry evolution throughout the period, the company said. The results also reflect the group's efforts in managing its diverse portfolio which include broadcasting, publishing, digital media, out-of-home, home shopping and Omnia, an integrated media solutions and creative services provider. Media platforms that recorded encouraging performance include home shopping and audio under the broadcasting segment. Group chairman Datuk Seri Dr Syed Hussian Aljunid said the results reflect the ongoing dynamic nature of the media industry and broader economic conditions. He said the group remains steadfast in executing its three-year strategic roadmap, which emphasises enhancing content quality, premiumising inventory and diligently identifying new revenue opportunities. "These initiatives are crucial for building resilience and establishing a solid foundation for sustainable growth. "Our commitment to improving operational effectiveness across all segments is unwavering as we navigate current market challenges," he said. Group managing director Rafiq Razali said Media Prima is navigating a complex market which includes significant shifts in advertising and consumer behaviour. He said the home shopping segment's quarterly performance is encouraging. "While certain segments faced headwinds, particularly in advertising revenue, our focus remains on prudent cost management and the strategic execution of our business plan. "We are continuously working to enhance our operational effectiveness while relying on data insights to understand audience preference and market trends to deliver value," he said. Rafiq added that Media Prima will maintain a prudent perspective for the rest of the financial year, anticipating continued pressure on advertising expenditure due to economic uncertainties and the evolving media landscape.
