Local retailers extend buying streak for third week
Meanwhile, foreign investors continued their net selling for a third straight week, posting a smaller net outflow of RM89.9 million compared with RM206.1 million in the previous week.
Foreign funds were net sellers on all trading days except Wednesday and Thursday, with daily outflows ranging between RM21.0 million and RM136.5 million.
"The largest outflow was recorded on Friday, followed by Monday with RM52.3 million and Tuesday with RM21.0 million. Wednesday and Thursday saw net inflows of RM97.3 million and RM22.6 million, respectively,' MBSB IB said in its weekly Fund Flow Report.
The top three sectors that recorded the highest net foreign inflows were transportation and logistics (RM158.7 million), utilities (RM69.5 million), and construction (RM51.4 million).
Conversely, the financial services sector saw the largest net foreign outflow (RM174.1 million), followed by technology (RM80.8 million) and telecommunications and media (RM70.8 million).
MBSB IB also reported that local institutions extended their net selling streak to two weeks, with a net outflow of RM15.5 million, compared with RM33.3 million in the prior week.
The investment bank added that the average daily trading volume (ADTV) fell across the board last week, with declines of 5.5 per cent for foreign investors, 2.1 per cent for local retailers, and 0.8 per cent for local institutions. - Bernama
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
an hour ago
- The Star
Govt aims to list two bumiputra companies by year-end
KUALA LUMPUR: The government aims to have at least two bumiputra companies listed on Bursa Malaysia by the end of this year. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the Bumiputra Rapid Acceleration and Value Enhancement programme launched yesterday will be a game-changer in building and boosting the bumiputra entrepreneurial ecosystem towards achieving that target. He said the initiative would offer alternative financing of up to RM1mil for high-performing bumiputra companies at a competitive rate of just 3.5%, in addition to introducing comprehensive capacity building initiatives to help companies advance to a higher level. 'A total of 15 companies will be selected in the initial phase, and from that number, five will receive intensive mentoring to prepare them for listing on Bursa Malaysia by the end of this year,' he said in a speech at the launch of the initiative in Parliament yesterday. His speech was delivered by the Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick. — Bernama
The Star
an hour ago
- The Star
MPOB expects palm oil exports to recover in second half of 2025
NEW DELHI: The Malaysian Palm Oil Board (MPOB) expects palm oil exports to recover in the second half of this year due to stronger festival season demand in key markets. 'The demand, particularly from India, is due to the need to replenish stock for the festive season, attractive palm oil pricing and lower import duty on crude vegetable oils,' MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir told Bernama. Ahmad Parveez was in New Delhi last week to speak at a conference organised by the Indian Vegetable Oil Producers' Association. In the first half of this year, Malaysian exports of palm oil and palm-based products dipped 7.4% to 11.39 million tonnes compared with the January-June period last year, according to MPOB. Palm oil exports were recorded at 6.95 million tonnes during the half-year period, representing a drop of 7.7% over the corresponding period in 2024 as demand weakened in India, China, the European Union, Bangladesh and Egypt. Nonetheless, despite a drop in the overall palm oil exports in the first half of 2025, Malaysia saw a growth in volumes to the Philippines, Iran, Kenya and Nigeria. Ahmad Parveez said although export tonnage had dropped, Malaysia's earnings from palm oil and palm products during the January to June 2025 period surged 9.3% to RM53.43bil compared with the same period last year. The value of palm oil exports almost hit a total of RM34bil. Malaysian palm oil has gained in geographical reach in recent years. The country's full-year palm oil exports by volume this year are projected to be 5.3% lower than the 16.9 million tonnes recorded in 2024. On the Indian market, Ahmad Parveez said demand remained particularly strong in the food services, household, and food manufacturing sectors. However, there are certain challenges, and one of them is India's import tax. 'A key concern is India's import policy, particularly the frequent adjustments to import duties. 'The recent hike in effective duties on crude palm oil to 27.5% and on refined palmolein to 35.75%, has significantly narrowed palm oil's natural price advantage compared to soft oils such as soybean and sunflower,' Ahmad Parveez pointed out. 'While we acknowledge India's policy objective to strengthen domestic oilseed production under the National Mission on Edible Oils-Oil Palm, such measures have made palm oil imports increasingly cost-sensitive and less predictable,' he added. The price premium of palm oil, along with ample global soybean oil supplies, has led to a drop in palm oil's share in India's vegetable oil imports to 46% this year from 59% in 2023, MPOC chief executive officer Belvinder Sron said at the same New Delhi industry conference. However, Malaysia's share in Indian palm oil imports reached 35% in the first half of this year compared with 30% in 2023, Sron said in her presentation. —Bernama
The Sun
10 hours ago
- The Sun
Bank Negara revises Malaysia's 2025 GDP growth forecast to 4.0%-4.8%
KUALA LUMPUR: Bank Negara Malaysia (BNM) has revised Malaysia's 2025 gross domestic product (GDP) growth projection to between 4.0% and 4.8% from 4.5%-5.5% previously. The projection takes into account various tariff scenarios, ranging from continued elevation of tariffs to more favourable trade negotiation outcomes. In a statement today, the central bank said the forecast remains subject to uncertainties surrounding the global economy, both on the downside and the upside. 'Favourable trade negotiation outcomes, pro-growth policies in major economies, continued demand for electrical and electronic goods, and robust tourism activity could raise Malaysia's export and growth prospects,' it said. Meanwhile, BNM governor Datuk Seri Abdul Rasheed Ghaffour said the Malaysian economy remains resilient despite global uncertainties, supported by the outcome of structural reforms undertaken over the years. 'The sustained strength in economic activity and moderate inflation provides a supportive environment to pursue structural reforms for a more resilient and competitive Malaysia in the future,' he said. According to the central bank, headline inflation is projected to remain moderate, averaging between 1.5% and 2.3% in 2025, reflecting the more moderate cost and demand outlook since March 2025. 'Inflationary pressure from global commodity prices is expected to remain limited, contributing to moderate domestic cost conditions. In this environment, the impact of domestic policy measures is expected to remain contained,' it said. BNM noted that the global economic landscape has undergone considerable changes since the announcement of Malaysia's 2025 GDP growth forecast in Bank Negara Malaysia's Economic and Monetary Review in March 2025. It said the global growth outlook is affected by shifting trade policies and uncertainties surrounding tariff developments, as well as geopolitical tensions. 'As a small open economy, Malaysia's growth prospects will be shaped by these developments. It is to Malaysia's advantage that our economy is facing these external headwinds from a position of strength. 'The latest indicators, including advanced estimates for the second quarter growth, continue to point towards sustained strength in economic activity. Domestic demand has been resilient and will continue to support growth going forward,' it said. Favourable labour market conditions – particularly in domestic-oriented sectors – and policy measures will continue to underpin private consumption. Meanwhile, BNM said expansion in investment activity will be sustained by progress in multiyear infrastructure projects, continued high realisation of approved investments and catalytic initiatives under the national development plans. – Bernama
