KUALA LUMPUR (May 17): Foreign buying of Malaysian equities rebounded last week to RM56.9 million from an outflow of RM365.71 million the prior week. In its weekly fund flow report on Tuesday (May 17), the MIDF Research team said local retailers remained net buyers for the fifth consecutive week at RM234.8 million, while local institutions turned net sellers after a week of net buying with a net selling position of RM291.8 million last week. It said the highest net selling was recorded last Tuesday at RM200.67 million, and the smallest net selling last Wednesday at RM40.44 million. The research house said local retailers were net buyers on all trading days of the week with the highest net buying last Thursday at RM103.83 million, and the smallest net buying last Tuesday at RM21.34 million. “Energy inflation continued to expand at strong pace at 30.3% year-on-year (y-o-y) (March 2022: +32% y-o-y), particularly fuel oil at 80.5% y-o-y (March 2022: +70.1% y-o-y) and gasoline at 43.6% y-o-y (March 2022: +48% y-o-y).

Source: The Edge Markets May 17, 2022 01:22 UTC