KUALA LUMPUR: Foreign buying momentum continued for the fourth consecutive week on Bursa Malaysia although the level seems to be gradually decreasing, according to MIDF Research.

In its weekly fund flow report, MIDF said based on preliminary data from Bursa which excluded off market deals, international investors acquired RM702.2mil net of local equities last week, lower than the RM772.2mil net bought in the week before.

Last week, foreign investors were net buyers on all five trading days.

“Foreign buying peaked on Tuesday as foreign investors pumped in RM227.2mil net of funds, tracking gains from Asian markets such as the Kospi which gained 0.72% and attracted the highest amount of funds during the week at US$307.4mil net.

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