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Foreign investors returning to Malaysia market [23-07-2013]  
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Foreign funds bought close to RM15 billion of Malaysian equities in the open market so far this year.

Over the past two weeks, the funds were net buyers of local stocks after six consecutive weeks of selling since May 31, data by MIDF Research shows.

The research house noted that foreign funds bought RM168.3 million worth of equities last week and RM222.5 million the week

“Although the weekly net buying amount was lower than previously, foreign investors were net buyers every single trading day of the week, except on Monday.”

While this may indicate foreign investors’ optimism on the local bourse, MIDF Research feels that it is weak as their participation is moderate.

The research house noted that last week, foreign participation rate, which involves average daily gross purchase and sale, was
RM901 million, slightly higher than RM870 million recorded previously.

For two straight weeks, their participation has been below RM1 billion, MIDF Research pointed out.

It said much of Bursa Malaysia’s trading is being generated by local participants.

Retail participation has risen to a five-week high of RM1.22 billion while local institutions’ participation surged to RM2.3 billion from RM1.7 billion the week before.

The FTSE Bursa Malaysia KLCI (FBM KLCI) closed 0.06 point lower to 1,797.7 points yesterday.

It slipped into the negative territory in the final hours of trading after consolidating near the 1,800 level as investors took cue from the upcoming earnings news from the United
States and Japanese ruling party’s election victory.

MIDF Research believes that the market momentum is strong enough to lift the FBM KLCI above 1,800 points this week.

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