KUALA LUMPUR: The tempo of overseas buying on Bursa Malaysia accelerated with US$280.98mil (RM1.18bil) web of equities bought over the previous buying and selling week, in accordance with MIDF Research.
According to the analysis home, this was a big enchancment over US$155.06mil (RM651.33mil) web purchased over the week prior.
Public Bank registered the best web cash influx of RM15mil final week.
Press Metal
noticed the second highest web cash influx of RM6.74mil whereas Maybank noticed the third highest web cash influx of RM6.55mil.
On the opposite hand, United Plantations noticed the most important web cash outflow of RM2.73m final week.
Genting recorded the second largest web cash outflow of RM2.65mil and Nestle registered the third largest web cash outflow of RM2.65mil through the week beneath evaluate.
MIDF stated Asian markets noticed traders recording a web outflow for the fourth consecutive week.
Based on the provisional mixture information for the seven Asian exchanges that the analysis home tracks, traders categorised as “foreign” offered US$1,223.8mil web final week.
Out of the eleven buying and selling weeks thus far in 2022, there was seven weeks of web promoting and 4 weeks of web buying.
“Overall, of the markets that we tracked; the net outflow from Taiwan, Korea and Philippine; to the tune of US$1.5bil, US$724.31mil and US$38.21mil, respectively.
“Meanwhile, three countries recorded net inflow amounting to US$1.1bil. Of this, Indonesia saw the biggest inflow with US$501.70mil, the second biggest net inflow was from Thailand with US$334.64mil, then followed by Malaysia with US$280.98mil,” MIDF stated.
The analysis home stated Malaysia and Indonesia have been the one markets that noticed web influx in all the buying and selling days final week.
“We opined the net selling was influenced by a multitude of factors such as Russian-Ukraine disputes, tightening monetary policy stance, inflation concerns and Shenzhen lockdown.
“With clear market and guidance from the US Federal Reserve over the interest rate hike, we think there could be possible rotational flows into Asia given market has become more certain and convincing for more economic recovery,” MIDF stated.
