Market Chatter: Foreigners Maintain Buying Streak on Bursa Malaysia
Foreign investors continued their momentum on Bursa Malaysia, registering net inflows of 470.3 million ringgit and extending their buying streak to three consecutive weeks, The Star reported Monday, citing MBSB Investment Bank.Foreign funds were net purchasers on most trading sessions during the week ended April 10, with notable inflows across several days led by mid-week activity.Meanwhile, retail investors turned net buyers with inflows of 189.2 million ringgit, while local institutions remained in net selling mode for a third straight week, recording outflows of 659.4 million ringgit, the news outlet said.On a regional basis, foreign investors also reversed a seven-week selling trend, with buying interest concentrated in India, Indonesia, Vietnam and the Philippines, while Malaysia and several Asian markets also recorded inflows, reportedly.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)