Malaysia: 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 fourday 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 first 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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