Foreign investors continued purchasing domestic equities on Bursa Malaysia for the second consecutive week, with net inflows totaling RM478.2 million, despite the Awal Muharam public holiday on Monday, July 8. The majority of last week’s influx, RM389.2 million, occurred on Thursday, July 11, following Bank Negara Malaysia’s decision to maintain its overnight policy rate (OPR) at 3.00% after its two-day Monetary Policy Committee meeting.
Foreign funds
MIDF Research reported, “The top three sectors that foreign investors net bought were construction (RM198.2 million), utilities (RM116.1 million), and industrial products & services (RM111.8 million).” Sectors with net sales included consumer products & services (-RM92.7 million), energy (-RM33.4 million), and healthcare (-RM21.9 million).
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