The net inflow of foreign funds in Bursa Malaysia recorded a total of RM451.7 million as of August 12.
According to MIDF Research notes, the record was the highest of the total RM388.21 million of net purchases in the previous week.
It is understood that even though the market continues to be overshadowed by concerns about inflation in the United States (US), net purchases of foreign funds on Monday and Tuesday amounted to RM530,000 and RM15.8 million while net sales minus RM3.8 million on Wednesday.
Records on Thursday and Friday were at RM232.9 million and RM206.2 million respectively, which were the biggest net purchases after the publication of Malaysia's stronger than expected gross domestic product (GDP) data.
MIDF added, local institutions continued to be net sellers for the 5th week at a negative rate of RM573 million, which is double the previous week's amount of negative RM266.9 million.
Additionally, local institutions have been net sellers for 8 trading days since 3 Oogos.
In the meantime, local retailers are seen to change the trend of net sales within 3 weeks with a net purchase of RM121.3 million.
So far international funds have been net buyers for 21 of the 32 weeks of 2022 with total net inflows of RM7.11 billion.
Local institutions were net sellers for 25 of the 32 weeks with a net outflow of minus RM8.8 billion and local retailers were net buyers for 20 of the 32 weeks with a net purchase of RM1.7 billion.
