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As the performance of the banking industry shines, foreign investors have been actively buying Malaysian shares for the third consecutive week, with a net purchase of up to 1.5 billion Malaysian ringgit, the highest net purchase since March 18, 2016.
According to the MIDF research on capital trends, foreign investors continued to flow into Malaysian shares significantly last week. The three favored sectors were financial services (1.3 billion Malaysian ringgit), utilities (0.2 billion 59.7 million Malaysian ringgit), and construction (88.7 million Malaysian ringgit).
At the same time, the three sectors with the net selling by foreign investors were technology (-60.4 million Malaysian ringgit), transportation and logistics (-57.2 million Malaysian ringgit), and industrial products and services (-41 million Malaysian ringgit).
Local institutions sold Malaysian shares throughout the week, with a net selling total of 1.2 billion 60 million Malaysian ringgit, the largest net selling since March 4, 2022. Local institutions net bought 13.9 million Malaysian ringgit of shares on Monday, but they were net sellers from Tuesday to Friday.
As for retail investors, except for buying on Thursday, they were selling on other trading days, with a total net selling of 0.2 billion 45.4 million Malaysian ringgit of shares.
As for the level of participation, all three parties experienced growth. Among them, foreign investors were the most active in trading, with the average daily trading volume (ADTV) increasing by 49.9%, while local institutions and retail investors decreased by 0.4% and 2.8% respectively.
Foreign funds net bought stocks last week.
$PBBANK (1295.MY)$
$MAYBANK (1155.MY)$
$RHBBANK (1066.MY)$
$CIMB (1023.MY)$
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S&P: Closed
DJIA: Closed
Nasdaq-100: Closed
Eurostoxx: 4,973.07 (+0.3%)
U.S. crude futures: 73.89 (+0.5%)
U.S. stock markets were closed on Monday in conjunction with the Labor Day Holiday. Meanwhile, U.S. index futures are trading approximately 0.1% lower to kick start the new trading month on Tuesday.
📌 Visit our Live Matrix to see how Macquarie's warrants move alongside their respective US index futures: https://www.warrants.com.sg/tools/livematrix/51AW
...

$Microsoft (MSFT.US)$
The Analyst Recommendation Rate for MSFT did not change last 24 hours from Buy 95.7%, and Hold 4.3%, The average Target Price also stayed the same as $501.65
The stock market did not open yesterday, so there was no price change.
Find out more about Microsoft and other Magnificent Seven stocks at the weekly newsletter below!
https://vestway.substack.com/p/magnificent-seven-update-fresh-insights?utm_source=moomoo&utm_medium=sharing&utm_campaign=MSFT&utm_id=240903

😊Hi, Malaysian mooers!
Malaysia Airports is estimated to release its next earnings report on May 30. How will the market react to the company's quarterly results? Vote your answer to participate!
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●👌 An equal share of 1,000 points: For mooers who correctly guess the price range of $AIRPORT (5014.MY)$'s closing price on its earnings release date (e.g., If 50 mooers make a correct guess, each of them wil...

Dazhi Retail collaborates with Hong Kong enterprises to introduce the "Tammy International" brand.
Dazhi Retail $HEXRTL (7202.MY)$ in collaboration with Hong Kong-listed company - Tammy International, $TAM JAI INTL (02217.HK)$ collaborates to introduce the well-known chain restaurant brand of the latter in China.
According to yesterday's press release, the two parties signed a strategic cooperation agreement. Dazhi Retail will be responsible for introducing the brand of Tammy International, with the first branch expected to open in the first quarter of 2025, and looking forward to opening more branches in various major cities in the future.
This partnership also signifies Dazil Retail's commitment to bringing diversity to the local community, and it is an important milestone in the development of both parties' businesses.
Dazil Retail's main shareholder, Wang Ziming, stated: "Tanzi International is renowned for quality and innovation, which aligns with our strategic objectives."
"Introducing Tanzi International in China will also help expand the company's market influence."
Tanzi International is a leading and well-known chain restaurant operator, responsible for operating and managing the "Tanzi Yunnan Rice Noodle" and "Tanzi Sanggie Rice Noodle" two noodle specialty store brands, with operations in Hong Kong, China, and Singapore.
Tan Zai International's Chief Executive Officer, Liu Damin, stated that Malaysia is an important growth market for the company, and believes that leveraging Dazai's retail understanding and expertise in the local market is an ideal partner to promote the company's brand.
Also present at the signing of the agreement were Tai Sai Retail's Managing Director, Wu Yiyu, and Chief Operating Officer, Huang Weika (all names are transliterations).
Source: Nanyang Business Report...

Another major international investment bank is bullish on the prospects of the Chinese stock market. Japan's Nomura Securities believes that investors should reduce their holdings of Chinese stocks and instead invest in Malaysian and Indonesian stocks.
According to analysts from Nomura Securities, including Chettan Setti and others, in a recent report, Malaysian and Indonesian stock markets are expected to benefit from the trend of accelerated rate cuts in the United States, one of the reasons for upgrading the stock market ratings of both countries from "neutral" to "buy."
Nomura Securities has also downgraded the rating of the MSCI China Index from "buy" to "neutral."
"Now is the time to make a major move into the ASEAN stock market. With the Federal Reserve about to cut interest rates and investors reigniting their interest in emerging markets, investing in the Indonesian stock market may be the best bet."
Last week, Federal Reserve Chairman Powell has issued a clear signal of interest rate cuts starting in September.
Bloomberg pointed out that before Nomura Securities raised its ratings on Malaysia's and Indonesia's stock markets, foreign capital had shown increased interest in the two countries' stock markets, with two consecutive months of inflow of foreign capital.
"Investors have good reasons to take Nomura Securities' comments seriously. In December last year, they upgraded the Taiwan stock market, and the Taiwan Weighted Index has risen by 25% this year, while the MSCI Asia Pacific Index has increased by 9.8% during the same period."
Before Nomura Securities, many internationally renowned investment banks or financial media, including JP Morgan Chase, Goldman Sachs, and Forbes, had already turned optimistic about the Malaysian market outlook.
$FTSE Taiwan50 Index (.FTTW50.TW)$
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[Interview with Digital Minister Gobin Xing]
Exclusive Report: Lim Siew Fung (Lim Siew Fung)
Technological improvements have mitigated the problem of “drinking water and electricity” in data centers. The government is focusing on improving infrastructure development in industrial zones and exploring the installation of built-in data centers in commercial buildings to encourage the widespread adoption of cutting-edge technology in the industrial and commercial sector, thereby effectively unleashing the economic value of 5G.
The data center is described as a “drinking water and electricity monster” due to its huge consumption of water and electricity, which in turn has drawn public attention to its management, water and electricity supply, and sustainable operation.
Digital Minister Gobin Star accepts”Nanyang Siang Pao》In an exclusive interview, it was pointed out that with the development of technology, the operating efficiency of data centers is also improving. The latest chips not only have better performance, but the facilities are also equipped with cooling functions, thereby reducing the consumption of water and electricity.
A recent science and technology delegation from Shenzhen, China recommended a small data center to the Ministry of Digital Affairs during an exchange visit to Malaysia. Gobbin Star indicates that the facility has built-in functions in the building, is easy to install and affordable, and is easy to upgrade and migrate. Most importantly, it consumes less water and electricity.
He said bluntly that 5G facilities support data centers to drive industry and commerce to increase production capacity, yet China currently lacks data center systems built into buildings. If this system is promoted, it will help expand the application of 5G in industry and commerce, especially to promote the adoption of cutting-edge technology by micro, small and medium-sized enterprises to increase production capacity.
Gobin Star: Meeting the needs of various industries
Discuss data center performance
Digital Minister Gobbin Star emphasized that construction of data centers is accelerating...

The ringgit ushered in a big rebound on Friday
The economic data recently released by the US was mixed. Coupled with the recently concluded Federal Open Market Committee (FOMC) meeting, it was revealed between the lines that interest rates would not be raised again, raising investors' expectations that the Federal Reserve would cut interest rates, and the ringgit rose to 4.7327 against the US dollar.
Mohd Afchaniza, chief economist at Muamalat Bank of Malaysia, believes that US Treasury yields have continued to fall since the FOMC met this week, which indicates that expectations of US interest rate cuts are increasing.
He pointed out, $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$US two-year Treasury yields fell 9 basis points to 4.87%; while $USD (USDindex.FX)$The US dollar index also fell 0.43% to 105.499 points.
He said that the current signs suggest that the ringgit and other emerging currencies are expected to rebound further today.
Regarding US economic data, he pointed out that investors are currently digesting a series of economic data released by the US, while still waiting for non-farm payrolls data and unemployment data before taking further action.
The US manufacturing industry contracted in April, the ISM manufacturing PMI fell below 50 levels to 49.2, job vacancies fell to a new low in 3 years, and the number of people leaving jobs declined, indicating that demand for labor began to slow down.
However, there are still some strong experiences...