Bursa foreign buying continues for second consecutive week
Malaysia, India and the Philippines recorded foreign inflows as eight Asian markets collectively posted net outflows of US$19.54 billion.
Foreign institutions bought more than they sold on Bursa Malaysia for a second consecutive week, with net purchases reaching US$381.3 million (RM1.55 billion), MBSB Investment Bank Bhd (MBSB IB) said in its fund flow report covering the week ended Nov 6.
The bank reported net foreign buying on each of the five trading days. Financial services attracted RM249.5 million, transportation and logistics drew RM199.8 million, and construction received RM191.4 million, making them the three leading sectors for foreign inflows.
Technology recorded net foreign selling of RM221.5 million, followed by plantation at RM126.7 million and industrial products and services at RM59.8 million. These were the three sectors with the largest foreign outflows, according to MBSB IB.
Local institutions remained net sellers for a second consecutive week, posting outflows of RM621.0 million. Retail investors, meanwhile, registered RM239.7 million in net purchases, extending their buying run to an 11th consecutive week. Average daily trading volume rose 5.6% among retail investors, 17.6% among local institutions and 16.8% among foreign institutions.
Across eight Asian markets, foreign net selling continued for a sixth consecutive week, with aggregate outflows of US$19.54 billion. Taiwan, South Korea, Thailand, Vietnam and Indonesia led the selling, while Malaysia, India and the Philippines attracted net inflows, the bank said.
