RM580m net inflow into Bursa, FBM KLCI hits record high

PETALING JAYA: Foreign investors lapped up RM580.2 million net worth of Bursa Malaysia-listed stocks last week, excluding off-market deals, bucking the trend of US$1.9 billion (RM7.4 billion) offloaded by foreign investors in seven exchanges in the region tracked by MIDF Research.
The highlight of the week was on Thursday when foreign investors pumped RM430 million net into Bursa Malaysia stocks, the highest amount since March last year.
Heavy inflows were also seen in other Asian bourses amid increasing Brent crude oil prices.The FBM KLCI followed the tide of foreign fund inflows to end the day at a record high of 1,895 points.
Malayan Banking, IHH Healthcare and Malaysia Airports Holdings recorded the highest amount of inflows from foreign investors last week.
On a year-to-date basis, foreigners have so far accumulated RM3.44 billion net of local equities. Meanwhile, foreign investors have been net buyers in 13 out of the 16 weeks this year compared with 14 during the same period in 2017.
Both foreign and retail participation remained healthy as both of their average daily trade value stood above the RM1 billionb level for the 15th and 12th week so far in 2018, respectively.