Foreign investors turn net sellers with RM235.26mil net outflow

KUALA LUMPUR: Foreign investors were net sellers of Malaysian equities last week, with total outflow amounting to RM235.26mil.

MIDF Research said in its weekly fund flow report that foreign investors were net sellers everyday except on Thursday.

The largest foreign outflow was recorded on Tuesday with RM161.5mil net equities sold while the only inflow was recorded on Thursday with RM78.58mil net equities bought.

Retailers continued to be net buyers on the market, and were net buyers of everyday except Thursday and Friday.

Over the week, retailers net bought RM97.82mil worth of equities on Bursa.

For the year so far, retailers have bought RM5.50bil net of Malaysian equities while foreign investors have sold RM2bil net of local equities.

Local institutions have been net sellers of RM3.5bil of equities on Bursa Malaysia.

The stocks that saw the highest net money inflows were Press Metal, Maybank and Petronas Chemicals.

Top money outflows were seen in Hartalega, Top Glove and Genting Malaysia.