KUALA LUMPUR: Foreign investors continued to pump liquidity into stocks listed on Bursa Malaysia last week, which was nonetheless a challenging week for emerging markets as political uncertainty builds in the US.
Foreign investors bought RM76.30 million net, a quarter of the inflow in the week before based on preliminary data by Bursa on the open market (which excludes off-market deals), MIDF Research said in its weekly fund flow report.
This is the first time weekly inflows have been below the RM100 million level in 2017, and the lowest recorded for the year.
Net foreign purchases were recorded in three out of five trading days. Net buying intensity was generally low and did not exceed RM150 million.
“We note that foreign buying peaked on Monday at RM110 million net, amid bolstering optimism in Asia coming from China’s positive gross domestic product data,” it said.
MIDF Research added that despite the tapering off of foreign purchases last week, the cumulative year-to-date inflow remains above the RM10 billion mark at RM10.35 billion, the highest among its Southeast Asian peers.