Offshore funds acquire RM131.2mil net of Bursa equities in week ended April 30

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KUALA LUMPUR: Foreign traders stayed net consumers of Malaysian equities in the week ended April 30, 2022, to the tune of RM131.2mil.

According to MIDF analysis knowledge, the influx was in line with different Asean markets, which outperformed main Asian markets in phrases of overseas curiosity.

“We opine that the net outflow [in Asia] seen final week indicated that traders are nonetheless nervous over the hawkish stance by the Fed, the continuing Russia and Ukraine disaster and Shanghai’s prolonged lockdown which dampen the already current international provide chain points.

“Nonetheless, pursuits proceed to movement into Asean markets similar to Malaysia because it stands to learn from rising commodity costs,” mentioned MIDF.

Year-to-date, Bursa Malaysia has recorded a net whole influx of RM7.3bil.

While offshore traders have been coming into the home market, native establishments continued a destructive pattern, with net promoting of RM190mil final week.

“They have been net sellers for 12 consecutive weeks because the week ended 11-Feb and have been net sellers for 15 out of 17 weeks this 12 months. To date, they’ve offered -RM8.0b of equities,” mentioned MIDF.

Meanwhile, native retailers remained net consumers with RM58.8mil net of native equities bought.

Over the 12 months up to now, native retailers have been net consumers of RM672.2mil of equities.

In phrases of participation, overseas traders noticed a rise in the typical every day commerce worth (ADTV) by 5.56% adopted by native establishments and native retailers at 3.62% and a pair of.26% respectively.


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