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(File pix) Foreign investors bought RM101.8 million of local stocks in the first week of 2017, reversing the net selling of RM31.2 million in the preceding week. Pix by Hafiz Sohaimi
(File pix) Foreign investors bought RM101.8 million of local stocks in the first week of 2017, reversing the net selling of RM31.2 million in the preceding week. Pix by Hafiz Sohaimi

KUALA LUMPUR: Foreign investors bought RM101.8 million of local stocks in the first week of 2017, reversing the net selling of RM31.2 million in the preceding week.

MIDF Research, in its weekly fund flow report today, attributed this to the general inflow of funds into Asia last week, and Malaysia’s encouraging trade numbers, which saw an uptick in exports by 7.8 per cent year-on-year (y-o-y) in Nov.

“On a net daily basis, foreign investors were buying on Tuesday and Friday, with the bulk purchased on the latter day, worth RM136.4 million. Attritions on Wednesday and Thursday were identical at RM28.2 million,” it said.

MIDF Research said retail investors’ gross participation rate continued to expand for a second week in a row to RM596.1 million last week, from RM429.6 million previously.

This was despite the buying on dips conviction, which had turned negative for the second week, to RM123.3 million from RM68.8 million.

Institutional investors’ gross participation rate improved for the second week in a row, to RM2.06 billion from RM1.92 billion previously.

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