Latest news with #RM387.4
Focus Malaysia
5 hours ago
- Business
- Focus Malaysia
Foreign funds extends their Bursa retreat to a 3rd week with smaller net outflow of RM390m
FOREIGN investors extended their net selling streak on Bursa Malaysia to three weeks during the Agong's birthday-shortened trading week (June 3-6) with a net outflow of -RM387.4 mil which was smaller than the previous week's outflow of -RM1.02 bil. They were net sellers on every trading day with outflows ranging from -RM5.4 mil to -RM162.83 mil, according to MIDF Research. 'The largest outflow was recorded on Wednesday (June 4) at -RM162.8 mil followed by Tuesday (June 3) with -RM121.2 mil,' observed the research house in its weekly fund flow report. The top three sectors that recorded the highest net foreign inflows were telco & media (RM16.4 mil), technology (RM16.2 mil) and property (RM8.0 mil). On the contrary, the top three sectors that recorded the highest net foreign outflows were financial services (-RM193.1 mil), healthcare (-RM130.9 mil) and plantation (-RM40.4 mil). However, local institutions continued their buying activities by extending their buying streak to a third week with net inflows amounting to RM444.6 mil. Local retailers, meanwhile, reversed their two-week buying streak with an outflow of -RM57.3 mil. The average daily trading volume (ADTV) saw a broad-based decline last week. Local institutions and local retailers saw a decrease of -8.1% and -15.8% respectively while foreign investors posted a plunge of -29.1%. In comparison with another four Southeast Asian markets tracked by MIDF Research, only the Philippines recorded an inflow of US$9.8 mil to reverse its three consecutive weeks of foreign outflows. Elsewhere, Indonesia posted a net outflow of -US$288.4 mil to snap its three-week inflow streak while Vietnam posted a fourth straight week of foreign withdrawals with -US$80.4 mil in outflows. Thailand posted the smallest net outflow at -US$72.7 mil to extend its foreign selling streak to three weeks. The top three stocks with the highest net money inflow from foreign investors last week were Sunway Construction Group Bhd (RM76.4 mil), CIMB Group Holdings Bhd (RM55.8 mil) and My E.G. Services Bhd (RM55.4 mil), – June 9, 2025
Malaysian Reserve
6 hours ago
- Business
- Malaysian Reserve
Public Bank, Gamuda top foreign investor net outflow list
FOREIGN investors continued their streak of net outflows on Bursa Malaysia, extending it to a three-week selling trend, with Public Bank Bhd, Gamuda Bhd and KPJ Healthcare Bhd topping the list. The foreign investors recorded a net outflow of RM387.4 million, smaller than the previous week's outflow of RM1.02 billion, according to a report released by MIDF Research today. On the flip side, the counters that were net bought by foreign investors for the week ended June 6 were Sunway Construction Group Bhd, CIMB Group Holdings Bhd and My EG Services Bhd. –TMR
New Straits Times
7 hours ago
- Business
- New Straits Times
Foreign sell-off continues, locals boost buying on Bursa
KUALA LUMPUR: Foreign investors continued their net selling streak on Bursa Malaysia for the third consecutive week, posting a net outflow of RM387.4 million last week, according to MIDF Research. Although still significant, the outflow was lower than the RM1.02 billion recorded in the previous week. MIDF noted that foreign investors were net sellers on every trading day, with outflows ranging from RM5.4 million to RM162.83 million. The largest outflow was recorded on Wednesday at RM162.8 million, followed by Tuesday with RM121.2 million. The top three sectors that recorded the highest net foreign inflows were telecommunication and media (RM16.4 million), technology (RM16.2 million) and property (RM8.0 million). Meanwhile, the top three sectors that recorded the highest net foreign outflows were financial services (RM193.1 million), healthcare (RM130.9 million) and plantations (RM40.4 million). Conversely, local institutions continued their buying activities, extending their three-week buying streak with net inflows amounting to RM444.6 million. Meanwhile, local retailers reversed their two-week buying streak, recording an outflow of RM57.3 million. The average daily trading volume (ADTV) saw a broad-based decline last week. Local institutions and local retailers saw a decrease of 8.1 per cent and 15.8 per cent, respectively, while foreign investors saw a plunge of 29.1 per cent.
