Latest news with #RM105.4
Malaysian Reserve
28-07-2025
- Business
- Malaysian Reserve
Foreign, institutional investors net sold on Bursa Malaysia last week
FOREIGN investors extended their net selling streak on Bursa Malaysia to three consecutive weeks while local institutions extended their net selling streak to two consecutive weeks. Foreign investors registered a net outflow of RM89.9 million for the week ended July 25, smaller than previous week outflow of RM206.1 million, according to a fund flow report by MBSB Research, formerly known as MIDF Research. The top counters net sold by foreign investors were Zetrix AI Bhd, KPJ Healthcare Bhd and Public Bank, RHB Bank Bhd and Alliance Bank Malaysia Bhd. The report said local retailers continued their net buying activities, extending to a three-week consecutive streak of purchases, posting a net inflow of RM105.4 million. — TMR
Barnama
28-07-2025
- Business
- Barnama
Local Retailers Extend Buying Streak For Third Week -- MBSB IB
BUSINESS KUALA LUMPUR, July 28 (Bernama) -- MBSB Investment Bank Bhd (MBSB IB) said local retailers extended their net buying streak for a third consecutive week, with a net inflow of RM105.4 million for the week ended July 25. Meanwhile, foreign investors continued their net selling for a third straight week, posting a smaller net outflow of RM89.9 million compared with RM206.1 million in the previous week. Foreign funds were net sellers on all trading days except Wednesday and Thursday, with daily outflows ranging between RM21.0 million and RM136.5 million. 'The largest outflow was recorded on Friday, followed by Monday with RM52.3 million and Tuesday with RM21.0 million. Wednesday and Thursday saw net inflows of RM97.3 million and RM22.6 million, respectively,' MBSB IB said in its weekly Fund Flow Report. The top three sectors that recorded the highest net foreign inflows were transportation and logistics (RM158.7 million), utilities (RM69.5 million), and construction (RM51.4 million). Conversely, the financial services sector saw the largest net foreign outflow (RM174.1 million), followed by technology (RM80.8 million) and telecommunications and media (RM70.8 million). MBSB IB also reported that local institutions extended their net selling streak to two weeks, with a net outflow of RM15.5 million, compared with RM33.3 million in the prior week. The investment bank added that the average daily trading volume (ADTV) fell across the board last week, with declines of 5.5 per cent for foreign investors, 2.1 per cent for local retailers, and 0.8 per cent for local institutions. -- BERNAMA
The Star
28-07-2025
- Business
- The Star
Local retailers extend buying streak for third week
KUALA LUMPUR: MBSB Investment Bank Bhd (MBSB IB) said local retailers extended their net buying streak for a third consecutive week, with a net inflow of RM105.4 million for the week ended July 25. Meanwhile, foreign investors continued their net selling for a third straight week, posting a smaller net outflow of RM89.9 million compared with RM206.1 million in the previous week. Foreign funds were net sellers on all trading days except Wednesday and Thursday, with daily outflows ranging between RM21.0 million and RM136.5 million. "The largest outflow was recorded on Friday, followed by Monday with RM52.3 million and Tuesday with RM21.0 million. Wednesday and Thursday saw net inflows of RM97.3 million and RM22.6 million, respectively,' MBSB IB said in its weekly Fund Flow Report. The top three sectors that recorded the highest net foreign inflows were transportation and logistics (RM158.7 million), utilities (RM69.5 million), and construction (RM51.4 million). Conversely, the financial services sector saw the largest net foreign outflow (RM174.1 million), followed by technology (RM80.8 million) and telecommunications and media (RM70.8 million). MBSB IB also reported that local institutions extended their net selling streak to two weeks, with a net outflow of RM15.5 million, compared with RM33.3 million in the prior week. The investment bank added that the average daily trading volume (ADTV) fell across the board last week, with declines of 5.5 per cent for foreign investors, 2.1 per cent for local retailers, and 0.8 per cent for local institutions. - Bernama
The Star
27-05-2025
- Business
- The Star
Asean, Middle East and China get together for landmark summit
KUALA LUMPUR: The Silk Road of China, Mecca and Madinah of the Middle East and Melaka in Asean have all been vital economic links, serving as a crossroads linking the East and West. And these three regions can now bring their unique attributes to shape a future that is more connected, resilient and prosperous, says Datuk Seri Anwar Ibrahim. Calling the inaugural Asean, Gulf Cooperation Council (GCC) and China Summit a landmark moment, the Prime Minister said the three regions represented a combined gross domestic product of US$24.87 trillion (RM105.4 trillion) and a population of 2.15 billion. 'This collective offers vast opportunities to synergise our markets, deepen innovation and promote cross-regional investment,' he said in his opening remarks at the summit yesterday. Also present were Kuwait's Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah, who is the current president of the Supreme Council of the GCC, and Chinese Premier Li Qiang. Anwar said Asean too has long demonstrated that regionalism – anchored in consensus, respect and openness – can succeed. 'We have thrived in our long-standing partnership with the GCC and China. Today, we have the opportunity to enhance these ties,' he said. 'From the ancient Silk Road to the vibrant maritime networks of South-East Asia to modern trade corridors, our peoples have long connected through commerce, culture and the sharing of ideas. 'Mecca and Madinah are centres for millions of pilgrims. We have hubs around Oman, which became the major trading route and other countries in the GCC. 'And historically, centres such as Melaka exemplified this tradition,' he said. 'For the first time, Asean, the GCC and China have come together in this unique configuration. Three partners, each rich in history, civilisation, culture and shared aspirations,' he said. 'China has not only transformed itself but also the regional economy and the international scene in many areas,' he said. At the Asean level, Anwar said the friendliness, trust and working collaboration between countries are unrivalled. 'We work and think together. We have one of the most peaceful regions in the world and the fastest-growing economy in the world,' Anwar said. Li, meanwhile, said China is ready to work with Asean and the GCC to fully leverage the synergy to become a powerful driving force for shared development and prosperity. 'As Chinese President Xi Jinping said, 'To emerge from the fog and reach the summit', the greatest power is unity, and the most effective method is collective cooperation.'
