Foreign buying on Bursa Malaysia falls to 6 week low

Foreign investors purchase of Malaysian equities extended for the sixth week until April 24 but the buying seemed to have tapered off, according to MIDF Equities Research.

It said on Monday foreign investors net buying last week amounted to RM163.3mil on a net basis last week, but it was the lowest in the six weeks.

“The flow of fund was erratic, with foreigners buying heavily on Tuesday, only to sell the following two days.

“In April, until last Friday, foreign investors had bought a cumulative RM733.7mil worth of equities in the open market on Bursa. In March they offloaded -RM539.9mil net.

“For 2015, last week’s purchase reduced further the cumulative net foreign outflow to -RM2.62bil. In comparison, the cumulative foreign outflow for the entire 2014 was -RM6.93bil,” it said.

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