MIDF Research said last week foreign net buying effectively lifted the cumulative net foreign fund flow thus far this year into shares listed on Bursa from the negative territory. “Despite the intermittent trading days last week, foreign participation rate managed to edge up to RM906.5mil from prior week’s RM811.7mil. “Over the three trading days, foreign investors were net purchases +RM93.5mil on Bursa, after a negligible –RM1.4mil selling the week prior. MIDF Research said local institutions sold -RM87mil on Bursa last week, their first net selling in 11 weeks. Meanwhile, its participation rate fell further to RM1.41bil from prior week’s RM1.76bil, amid the short trading week.

Source: The Star July 11, 2016 01:52 UTC