皇冠体育官网开户:Offshore funds accelerate buying of Malaysian equities to RM615.5mil net
KUALA LUMPUR: Foreign buying on Bursa Malaysia accelerated for a fifth straight week in the week ended Aug 19, 2022, with a net inflow of RM615.5mil.
According to MIDF Research, this represented a 36.3% increase in net buying by offshore investors in local equities.
"To date, international investors have been net buyers for 22 out of the 33 weeks of 2022, with a total net inflow of RM7.72bil," it added.
Over the past week, net buying by foreigners was recorded on every trading day with foreign interest bolstered by the bullish momentum seen in Asian markets, which also extended their rally.,
In the seven Asian stock exchanges tracked by MIDF, investors classified as “foreign” net bought US$3.58bil in equities last week, more than double the amount recorded in the week prior.
Meanwhile, local institutions continued to be net sellers of Malaysian equities on every day of the past week with a total net weekly outflow of RM675.9mil.
Local retailers however remained net buyers for a second week with a total net inflow of RM60.4mil
"In terms of participation, there was an increase in average daily trade value (ADTV) among all investor classes – retail investors at 21.3%,institutional investors at 20.7% and foreign investors at 11.7%," said MIDF.