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Bursa Malaysia: Foreign investors continue net inflow with Maybank and CIMB topping the list
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FOREIGN investors continued their streak of net inflows on Bursa Malaysia, extending to a two-week buying streak, recording a net inflow of RM853.8 million, marking the first consecutive weeks of net foreign inflows since September 2024, according to MIDF Research’s fund flow report for the week ended May 2.
The top five counters net bought by foreign investors last week were Malayan Banking Bhd (Maybank), CIMB Group Holdings Bhd, Tenaga Nasional Bhd (TNB), Sunway Bhd and Gamuda Bhd.
The report noted that local institutions also extended their streak of net selling to two consecutive weeks, with outflows amounting to RM692.6 million. This was the second consecutive week of net selling by local institutions since August 2024.
Foreign investors extended their streak of net buying activity to two weeks, recording a substantial net inflow of US$3.32 billion, led by strong buying sentiment in India and Taiwan once again. Among the markets tracked, only Vietnam registered net foreign outflows, while all other countries saw net foreign inflows, the report said.
Foreign investors returned to net buyers in Thailand last week, registering a modest inflow of US$44.4 million, ending a nine-week consecutive streak of foreign selling.
The Philippines saw modest buying sentiment last week, ending its single-week streak of outflows, turning net buyers with inflows amounting to US$38.5 million.
Indonesia recorded the lowest inflow amongst the markets monitored by the research house, standing at US$7.33 million, reversing a three-week selling trend.
This was likely due to South Korean companies announcing plans to invest an additional US$1.7 billion in Indonesia, marking a more than 10% increase over their existing investments, it said. – TMR
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