MIDF Research: Foreigners sold net RM202.1m Malaysian equities Nov 26-30

  • Business
  • Monday, 03 Dec 2012

KUALA LUMPUR: Malaysian equities came under selling pressure from foreign funds in the Nov 26-30 week, where on a net basis, they sold RM202.10mil, according to MIDF Equities Research.

It said on Monday for the second straight week, foreign investors sold Malaysian equities despite the highest quarter-to-date inflow into the other Asian markets.

"In the month of November, foreign portfolio investors were also net sellers, shedding RM175mil of Malaysian equity from the open market," it said.

MIDF Research said foreign funds were net sellers in 12 of the last 15 trading days while their average daily gross purchase and sale rose from RM832mil in the Nov 29-23 week to RM1.2bil in the Nov 26-30 week.

"Local institutions, on the contrary, were again net buyers last week with the largest net purchases since mid-June this year at RM187mil. Their average daily participation rate was the highest since mid-September 2012 at RM1.7bil.

"Similarly, local retailers were net buyers albeit marginal at RM15mil last week. Their average daily participation rate rose to RM551mil from the week before figure of RM449mil," said the research house.

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