<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 2): 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.</p></div>

<div class=newsTextDataWrapInner><p>The top three sectors net bought by foreign investors were financial services (RM1.30 billion), utilities (RM259.7 million), and construction (RM88.7 million).&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Conversely, they net sold in technology (-RM60.4 million), transportation and logistics (-RM57.2 million), and industrial products and services (-RM41.0 million).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Meanwhile, local institutions recorded net selling of RM1.26 billion, the highest since March 4, 2022.</p></div>

<div class="mt-4 embed-right"><a class="mobx embedimg-icon imgw-300" data-desc="" data-rel="ceolightbox" data-title="" href="//assets.theedgemarkets.com/pics/2024/20240902MIDF.png"><img alt="" src="https://assets.theedgemarkets.com/pics/2024/20240902MIDF.png" /></a></div>

<div class=newsTextDataWrapInner><p>They net bought RM13.9 million last Monday but shifted to net selling last Tuesday to Friday. Local retailers also net sold for the second week in a row, with a total of RM245.4 million.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>They only net bought RM26.3 million last Thursday, and were net sellers for the rest of the week.</p></div>

<div class=newsTextDataWrapInner><p>The average daily trading volume increased by 49.9% among foreign investors, while it declined by 0.4% among local institutions and 2.8% among local retailers.</p></div>


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

Barisan Nasional (BN) retained the Mahkota state seat after its candidate Syed Hussien Syed Abdullah secured a 20,648-vote majority win over the Perikatan Nasional (PN) challenger in the by-election on Saturday.

BN retains Mahkota state seat with landslide majority of 20,648 votes

The police are currently investigating claims made via Pusat Kajian Ajaran Sesat's (Pukas) Facebook account regarding the existence of GISB Holdings Sdn Bhd quarantine centres at various locations, both domestically and abroad.

Police probing allegations of indoctrination at GISB quarantine centres in Malaysia and abroad

Hezbollah leader Sayyed Hassan Nasrallah has been killed, the Iran-backed group said on Saturday, confirming his death after the Israeli military said it had eliminated him in an airstrike in Beirut the day before.

Hezbollah confirms leader Nasrallah is killed after Israeli strike

Malaysia welcomes the collaboration of telecommunications companies (telcos) with any local media organisations to develop artificial intelligence (AI) applications to help produce content, as well as report efficiently and effectively.

Fahmi welcomes telco-media collaboration to develop AI applications

The European Union (EU) is planning to vote next Friday, Oct 4, on whether to impose tariffs as high as 45% on imported electric vehicles (EVs) made in China, according to people familiar with the matter.

EU to vote on 45% Chinese EV tariffs next Friday — Bloomberg

An allocation of RM403.7 billion is expected for Budget 2025, comprising operating expenditure of RM305.7 billion and development expenditure of RM97.9 billion, according to TA Securities Holdings Bhd.

TA Securities expects RM403.7b allocation for Budget 2025

The Selangor Zakat Board (LZS) confirmed that it had never received any kind of zakat payment from GISB Holdings Sdn Bhd or its subsidiaries.

LZS head of collection division Mohd Fikri Naim Harun said this is despite the board having held talks on tithe collection at GISBH premises.

Selangor Zakat Board says GISB, subsidiaries never paid tithe

The Penang government on Saturday launched an incentive programme to attract chip design firms and engineers to the Bayan Lepas Industrial Park and designated surrounding area.

Penang launches incentives to attract chip design firms, engineers

The Selangor government aims to build 60,000 affordable housing units under the Rumah Idaman initiative by 2027, said Menteri Besar Datuk Seri Amirudin Shari.

He said the momentum of house construction under the initiative is going well, with 40,000 units currently in the process of awaiting related approval.

Selangor to build 60,000 affordable Rumah Idaman units by 2027, says Amirudin

The Mahkota state by-election results are expected to be known as early as 9pm on Saturday, said Election Commission (EC) chairman Datuk Seri Ramlan Harun.

He said this estimate is based on the proximity of the polling centres and the smooth voting process, which would allow for quicker results.

Mahkota state by-election results expected as early as 9pm — EC chairman

<p>Barisan Nasional&nbsp;(BN) retained&nbsp;the&nbsp;Mahkota state seat&nbsp;after its candidate&nbsp;Syed Hussien Syed Abdullah secured a 20,648-vote majority win over the Perikatan Nasional (PN) challenger in the by-election on Saturday.</p>


<p>The police are currently investigating claims made via&nbsp;Pusat Kajian Ajaran Sesat's (Pukas) Facebook account regarding the existence of GISB Holdings Sdn Bhd quarantine centres at various locations, both domestically and abroad.</p>
