Bursa’s foreign funds flow intensified, highest in 17 weeks.
KUALA LUMPUR: Foreign tide-in to Bursa Malaysia accelerated last week, marking the second consecutive week of inflows, MIDF Research said.
Foreign funds mopped up RM362.6 million during the four0day trading week, 10 times more than the preceding week
Bursa was closed on Monday in conjunction with Malaysia’s outstanding achievements in the SEA Games.
The amount acquired by foreign funds last week was the highest in 17 weeks, MIDF Research said in its weekly fund flow report.
“We note that foreign funds were net buyers on every single day of the week. Thursday recorded the highest inflow of RM153.1 million net, the highest in a day since July 13, coinciding with the strengthening ringgit and increasing Brent crude oil price.
“We also note that Malaysia’s inflow was in line with Thailand, bucking the trend in Asia which experienced an outflow.
Last week’s foreign buying has brought the cumulative year-to-date net inflow to RM10.7 billion.
Foreign participation rate was strong, with average daily trade value (ADTV) surging by 29 per cent to reach above the RM1 billion mark for the fi rst time in 10 weeks.
Gross trade for the week ranged from RM936 million to RM1.5 billion.
Likewise, retail participation edged higher for the week.
The retail ADTV increased by nine per cent to RM880 million, staying above RM800 million for six weeks in a row.
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