Foreign capital continues to buy, adding RM 0.87 billion, and has become a net buyer in the Malaysian stock market this year.
Foreign capital's net buying trend continues for the fourth week, following a net inflow of RM 800 million 73.9 million last week, reversing the trend of foreign capital outflows this year.
As of last Friday (17th), foreign capital has turned into a net buyer of Malaysian stocks, adding RM 4.9 million this year.
According to the latest capital flow report from MIDF Research, Malaysia's better-than-expected 4.2% economic growth in the first quarter is one of the factors that have contributed to the continued high interest of foreign capital in our market.
Looking at the past 5 trading days, the highest net purchase amount was 0.2998 billion ringgit on Wednesday last week; the net inflow amount exceeded 0.1 billion ringgit for the next two trading days as well.
Among them, transportation and logistics attracted 0.236 billion ringgit, becoming the "strongest magnet" for foreign capital; utilities followed closely with 0.189 billion ringgit; and the medical care sector absorbed 0.183 billion ringgit.
However, the plantation sector (net selling 64.7 million ringgit) and the construction sector (net selling 6.7 million ringgit) were the two sectors that experienced outflows from foreign capital last week.
Local institutions have been net sellers for 3 consecutive weeks, with a total net selling of 0.3797 billion ringgit.
Retail investors have been selling Malaysian stocks for 10 consecutive weeks, with a net outflow increasing to 0.49410 billion ringgit.
In terms of participation, last week's domestic average daily trading volume (ADTV) saw increases, with retail investors increasing by 27.1%; local institutions rising by 18.0%; while foreign funds grew by 8.5%.
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$PBBANK (1295.MY)$
Operating costs rose, coupled with higher loan provisions, dragging down Public Bank (PBBANK, 1295, main board financial stock) net profit in the first quarter of the 2024 fiscal year, down 3.54% year-on-year to 1.653 billion million 9000 ringgit.
First-quarter revenue increased by 10.97% year-on-year to 6.794 billion million 3000 ringgit.
According to the announcement, the bank's total loans as of the end of March increased by 6.3% year-on-year, and it continues to maintain a leading position in the financing market.
As for the total deposits, they increased by 7.1% year-on-year, with domestic deposits increasing by 7.3% to 391.9 billion ringgit.
Source: Nanyang Siang Pau
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$Futu Holdings Ltd (FUTU.US)$ moooooooooooo