Local institutions continued to support Bursa Malaysia for the ninth consecutive week, recording net equity purchases of RM1.05 billion last week, according to MIDF Research.

This was an increase from the net inflow of RM995.5 million in the preceding week.

Local institutions extend buying streak on Bursa Malaysia for ninth week

Local institutions continued to be Bursa Malaysia's primary supporters, with net buying skyrocketing nearly fivefold to RM1.06 billion last week from RM207.7 million recorded in the week before.

In its fund flow report for the week ending Dec 6, MIDF Amanah Investment Bank Bhd (MIDF) noted no outflows were recorded in the entire week from this investor class last week.

Local institutions' net buying on Bursa soared to RM1.06 bil last week

Local institutions were net buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.

However, this was lower than the RM250.6 million recorded in the week prior.

Foreign investors continue to sell on Bursa for fourth straight week at RM259.8m

Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.

In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.

Bursa boosted by RM250.6 mil investments from local institutions last week

Foreign investors reduced their equity sell-off on Bursa Malaysia last week, resulting in a smaller outflow of RM392 million, still in line with the regional trend where other markets also experienced outflows.

Smaller foreign outflow of RM392m last week, says MIDF

Local institutional investors net bought RM960.4 million in equities on Bursa Malaysia last week, a notable increase from RM244.6 million in the previous week, according to MIDF Amanah Investment Bank Bhd.

Weekly net selling by foreign investors continues, hits substantial RM1.01 bil

Sectors with the highest net foreign outflows were utilities (RM266.9 million), technology (RM50.9 million), and telecommunications and media (RM45.7 million).

Foreign investors reverted to net selling at RM196.2m last week — MIDF

After three weeks of selling, foreign investors shifted to buying domestic equities, resulting in a significant inflow of RM404.1 million last week, compared to the RM45.7 million outflow recorded in the previous week.

Foreign investors turned net buyers, with inflow of RM404m last week — MIDF

Foreign investors sold Malaysian equities for the third week in a row valued at RM196.5 million, according to Bloomberg data.

Foreign investors offload M'sian equities for third consecutive week valued at RM196m

Foreign investors increased their equity sell-off on Bursa Malaysia last week, reaching a net selling high of RM1.1 billion, the highest in 18 weeks, according to MIDF Research in a note on Monday.

Foreign investors' net selling hits 18-week high of RM1.1b on Bursa

Foreign investors ended their six-week net buying streak with a net outflow of RM527 million last week, according to a MIDF Research note on Monday.

Foreign investors turn net sellers amid declining trading volumes

For the sixth consecutive week, foreign investors have remained net buyers of Malaysian equities with an inflow of RM271.5 million last week, according to MIDF Research.

Foreign investors continue to buy Malaysian equities last week amid positive export growth — MIDF

For the fourth consecutive week, foreign investors have purchased equities in Malaysia, with net purchases recorded every day last week, according to MIDF Research.

Foreign investors continue to buy Malaysian equities for fourth consecutive week

Foreign investors net bought RM1.50 billion in Malaysian equities last week, marking the highest weekly net buying since March 18, 2016, according to MIDF Research.

Foreign investors net bought RM1.5b in equities last week, highest since March 2016

France’s new premier Francois Bayrou vowed to sharply narrow the nation’s deficit to close to 5% of GDP, a plan that threatens a repeat of the stand-off which toppled the last government.

French premier seeking budget cuts that toppled the previous cabinet

Salesforce Inc says it’s taking multiple large customers from former partner Veeva Systems Inc in a mounting rivalry to sell software to the pharmaceutical industry.

Salesforce fights with Veeva by snagging drug customers

Iranian authorities have lifted a ban on Meta's instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian state media reported on Tuesday.

Iran lifts ban on WhatsApp and Google Play, state media says

Social media platform TikTok recorded 2,606 requests from the Malaysian government to remove or restrict content on its platform in 1H2024, the highest among all governments in the period, according to its latest report on government removal requests.

Malaysia tops TikTok content, account removal requests in 1H2024 among govts

Wall Street's main indexes rose on Tuesday in a truncated trading session before Christmas, with the S&P 500 and the Nasdaq up for the third consecutive day, helped by gains in a handful of megacap and growth stocks.

Wall Street rises in quiet Christmas Eve trading session

American Airlines Group Inc said a technical vendor glitch was the cause of a brief groundstop on all US flights on Christmas Eve, one of the busiest days of the holiday travel season.

American Air says Christmas Eve delays caused by tech glitch

KUALA LUMPUR (Dec 24): Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday:

Boustead Heavy Industries Corp Bhd's (KL:BHIC) shareholders have approved the disposal of the fabrication and engineering company’s 51% equity stake i...

BHIC, Pharmaniaga, MMAG, Prolintas, Nestcon, Datasonic, PUC, KKB Engineering, Parlo 

Malaysian Rating Corporation Bhd (MARC) on Tuesday affirmed Malaysia's public information sovereign rating at AAA with a "stable" outlook.

However, MARC flagged challenges from a high fiscal deficit and debt levels, as well as the tax revenue-to-gross domestic product (GDP) ratio of 12.6% in 2023, which remains below the peer average despite recovering to pre-pandemic levels.

MARC flags Malaysia's debt position as it keeps AAA, stable rating

OCBC Bank (Malaysia) Bhd (OCBC Bank) has been named Malaysia’s “Bank of the Year” by London-based publication The Banker for the second consecutive year.

OCBC Bank named top Malaysian bank for second year running

European natural gas prices fluctuated above €45 (RM210.32) a megawatt-hour amid persistent supply concerns, with just a week left until a key transit deal between Russia and Ukraine expires.

European gas swings with one week left before key transit deal expires

FBM KLCI’s upside in 2025 could be limited by a slowdown in foreign inflow and the strengthening US dollar, Phillip Capital warned and recommended that investors look at small- to mid-cap stocks.

Phillip Capital says KLCI has limited upside in 2025, recommends small-mid cap stocks

KKB Engineering Bhd (KL:KKB) has initiated adjudication proceedings under the Construction Industry Payment and Adjudication Act against a contractor over outstanding claims amounting to RM10.1 million.

KKB Engineering sues glove factory project contractor over unpaid claims

IN a bid to accelerate the adoption of renewable energy (RE) and ahead of the upcoming fifth large-scale solar (LSS5) programme, the government has opened up the installation of battery energy storage systems (BESS) to third parties, under concession agreements, according to documents sighted by ...

BESS programme: A game changer for the Malaysian energy landscape?

Prolintas Infra Business Trust (KL:PLINTAS) said it has settled its dispute with KL-Kuala Selangor Expressway Bhd (Latar) over a cost-sharing agreement, for an undisclosed amount.

Prolintas settles cost-sharing agreement dispute with Latar for undisclosed sum

Boustead Heavy Industries Corp Bhd (KL:BHIC) shareholders have given the nod for the fabrication and engineering company to dispose of its 51% equity stake in Contraves Advanced Devices Sdn Bhd (CAD) to German defence firm Rheinmetall AG for RM54 million.

BHIC shareholders approve RM54m sale of 51% stake in LCS subcontractor

<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/GePL_s9fJSE?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

E...

EVENING 5: Five things you need to know today

KUALA LUMPUR (Dec 24): Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday:

Boustead Heavy Industries Corp Bhd's (KL:BHIC) shareholders have approved the disposal of the fabrication and engineering company’s 51% equity stake i...

MMAG Holdings Bhd (KL:MMAG), which is involved in the sales of digital devices and logistic services, said on Tuesday it has acquired a Boeing B737-400SF aircraft from Japan-based JPA No 161 Co Ltd for US$4.61 million (RM20.76 million) cash.

MMAG buys aircraft for RM20 mil to expand air cargo capacity

OCBC Bank (Malaysia) Bhd (OCBC Bank) has been named Malaysia’s “Bank of the Year” by London-based publication The Banker for the second consecutive year.

Datasonic Group Bhd (KL:DSONIC) said Azlan Abdul Kadir’s status as a substantial shareholder of the company has ceased following a 20 million share disposal.

Azlan Abdul Kadir ceases to be Datasonic's substantial shareholder

The proposed new international airport in Kuching is set to enhance Sarawak’s appeal, providing a crucial X factor to attract businesses, investors and visitors.

Abang Johari sees new Sarawak airport driving state’s economic growth

East Navigators Capital Ltd is no longer a substantial shareholder in Pharmaniaga Bhd (KL:PHARMA) after disposing of a 1.76% stake in the PN17-status pharmaceutical firm for RM5.32 million.

East Navigators' direct stake in Pharmaniaga falls below 5% after selling shares at discount

JAPANESE financial group Nomura, which recently commemorated its 50th year of operations in Malaysia, sees strong opportunities to expand its business here amid a positive outlook on the country.

The group has three operating entities in Malaysia, namely Nomura Asset Management Malaysia...

Nomura sees more opportunities in Malaysia amid positive outlook  

DBS Group Holdings Ltd’s shares are set to close out their best year since 2009, with some analysts predicting the rally could extend, driven by the bank’s burgeoning wealth management business.

DBS shares’ 43% rally seen having more legs as wealth fees rise

Nestcon Bhd’s (KL:NESTCON) wholly owned subsidiary&nbsp;Nestcon Infra Sdn&nbsp;Bhd is set&nbsp;to develop a large-scale solar photovoltaic plant (LSSPV) with 14.99 megawatts of alternating current (MWac) in&nbsp;Bongawan, Kimanis, Sabah.

Nestcon wins bids to develop 18.99 MWac LSS power plant projects in Sabah

Malaysia recorded 5.74 million graduates in 2023, reflecting a 4.2% increase, with over two-thirds employed in skilled occupations, according to the Graduates Statistics 2023 report released on Tuesday.

Number of Malaysian graduates up 4.2% to 5.74 mil last year — official data

Major banks and business groups sued the Federal Reserve on Tuesday, alleging the US central bank's annual "stress tests" of Wall Street firms violate the law.

Big banks, business groups sue US Fed over annual stress tests 

A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI rises 0.43% to 1,602.99 on Dec 24, 2024

Social media platform TikTok recorded 2,606 requests from the Malaysian government to remove or restrict content on its platform in 1H2024, the highest among all governments in the period, according to its latest report on government removal requests.

Prime Minister Datuk Seri Anwar Ibrahim has extended his condolences to the families of the victims of a five-vehicle crash at KM204 of the North-South Expressway (PLUS) in Melaka on Monday night.

Fund Flow

‌
‌

Fund Flow

‌‌

‌
‌