Foreign interest trickles back to Bursa

PETALING JAYA: Foreign interest returned to Bursa Malaysia last week but only marginally, with international investors buying RM88.6 million net of Malaysian equities last week.
Although the amount bought was the highest weekly inflow recorded since the week ended Sept 15, it was insufficient to offset the attrition in the preceding week, which amounted to RM297.1 million net.
“Last week, foreign investors were net buyers in two out of five trading days. Foreign buying was the strongest on Wednesday which amounted to RM214.5 million net,” MIDF Research said in its fund flow report today.
Year to date, foreign investors have bought RM9.1 billion worth of local equities.
Foreign participation shrank last week as the foreign average daily trade value (ADTV) eased by 24% to RM856 million while retail ADTV declined by 12%.