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Foreign net buying slow but steady on Bursa

KUALA LUMPUR: The intensity of foreign net buying activity on Bursa Malaysia softened during the holiday-shortened week to RM125.97mil last week from RM433.16mil in the preceding week, according to MIDF Research.

The research house noted that this was the sixth consecutive week of net buying by the foreign investors.

“Since the beginning of 2021, retailers have been the only net buyers of our equity market to the tune of RM10.04bil

“Local institutions and foreign investors were net sellers to the tune of RM6.38bil and RM3.66bil, respectively,” MIDF said in its weekly fund flow report.

As the market reopened last Monday, foreign investors were net buyers amounting to RM58.39mil followed by retailers with net buying of RM63.5mil.

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