Foreign Investors Return To Net Buying With US$323.1 Mln Net Inflows

KUALA LUMPUR, Nov 2 (Bernama) -- Foreign institutions returned to net buying on Bursa Malaysia, recording US$323.1 million in net inflows, according to MBSB Investment Bank Bhd (MBSB IB).

In its weekly fund flow report for the week ended Oct 30, MBSB IB said foreign institutions were net buyers on four out of five trading days during the week, with the largest inflow recorded on Wednesday at RM117.4 million, followed by Tuesday (RM117.2 million), Friday (RM68.6 million) and Thursday (RM32.3 million).

It said the only net outflow was recorded on Monday at RM17.3 million.

The investment bank said the three sectors with the highest net inflows were financial services at RM437.1 million, transportation and logistics at RM169.5 million and construction at RM73.4 million.

"The top three sectors with net foreign outflows were plantation (-RM163.2 million), technology (-RM110.9 million) and industrial products and services (-RM102.4 million)," it said.

Similarly, retailers extended their net buying streak to ten consecutive weeks, recording RM134.6 million in net inflows.

Meanwhile, MBSB IB said local institutions reverted to net selling, following the previous week’s net inflows, recording net outflows of RM457.7 million.

It said the average daily trading volume (ADTV) saw a broad-based increase, with retailers recording an increase of 3.7 per cent, foreign institutions recording an increase of 8.9 per cent, while local institutions declined by 6.4 per cent.

-- BERNAMA