Foreign outflow at RM239.8mil


Year-to-date foreign net selling has amounted to RM1.52bil, which compares to a total foreign net outflow of RM2.59bil over the same period in 2020, MIDF Research said in its weekly fund flow report.

PETALING JAYA: Foreign investors turned net sellers on Bursa Malaysia in the previous week with a recorded outflow of RM239.8mil.

Offshore funds were net negative for everyday of the week except Wednesday and Friday. The foreign sell-off peaked on Tuesday with RM213.97mil net equities sold.

Year-to-date foreign net selling has amounted to RM1.52bil, which compares to a total foreign net outflow of RM2.59bil over the same period in 2020, MIDF Research said in its weekly fund flow report.

Retailers and local institutions were net buyers on the market with a total net inflow of RM26.42mil and RM2.44mil respectively.

Net buying by retailers hit its highest for the week at RM98.42mil on Tuesday.

“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM4.99bil.

“Local institutions and foreign investors were net sellers to the tune of -RM3.47bil and -RM1.52bil respectively, said MIDF.

Trading participation on the market however fell across the board with retail investors, local institutions and foreign investors recording declines in average daily trading value of 28.32%, 29.26% and 46.08% respectively on a week-on-week basis.

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