Foreign funds return to Bursa with RM10.2mil inflow

KUALA LUMPUR: Foreign investors returned to Bursa Malaysia last week, purchasing RM10.2 million worth of domestic equities after two consecutive weeks of net selling.

MIDF Research said it was a mixed trading week, with foreign inflows observed only on Tuesday and Thursday.“On this day, the utilities sector experienced the highest inflow at RM70 million, with foreigners showing interest in stocks such as Tenaga Nasional , YTL Power and YTL Corporation ,” it said in its fund flow report for the week ended Oct 13, 2023.The top three sectors with net foreign inflows were utilities , technology and industrial products and services .

Meanwhile, the top three sectors with net foreign outflows were consumer products and services , healthcare and financial services . Local institutions have continued to purchase domestic equities for the second consecutive week, snapping up RM136.9 million worth of shares, bringing the YTD net buying of equities to RM3.77 billion.Conversely, local retailers became net sellers of domestic equities at RM147.1 million in net sales, marking a reversal from two consecutive weeks of net buying.

Source: Tech Daily Report (techdailyreport.net)

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