Bursa records net foreign outflow of RM173.42mil


KUALA LUMPUR: A single day of outflow was enough to turn foreign investors into net sellers of Malaysian equities over the previous trading week.

MIDF Research said in its fund flow report that net selling of RM337.59mil in equities last Wednesday brought foreign fund outflow to RM173.24mil for the week.

Retail investors were net buyers in the first half of the week but turned net sellers in the latter half.

"Largest net buying by the retailers was recorded on Wednesday at +RM224.59mil and largest net sold was on

Friday at -RM33.01mil.

"Cumulatively, for the week, retailers net bought +RM331.98mil worth of equities in Bursa," said MIDF.

Meanwhile, local institutions cumulative weekly outflow was RM158.76mil.

Since the start of the year, retailers have been the only net buyers of Malaysian equities to the tune of RM5.32bil.

Local institutions and foreign investors have been net sellers of RM3.63bil and RM1.69bil respectively.

The average daily trading value of retai investors, local institutions and foreign investors decreased 4.49%, 0.32%, and 18.78% respectively.

The counters that saw the heaviest net money inflows were Public Bank, AMMB and Bursa Malaysia. Top net money outflows were recorded by Kossan, Press Metal and Sime Darby.
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