Bursa Malaysia's foreign net outflow rises to RM490.3mil

KUALA LUMPUR: The foreign net outflow on Bursa Malaysia increased to RM490.3mil over the week ended April 23, more than double the amount recorded in the prior week.

According to MIDF Research's weekly fund flow report, foreign investors were net sellers on every day except Tuesday.

The foreign net outflow was at its highest on Wednesday at RM258.17mil and smallest on Thursday at RM51.19mil.

Tuesday's net foreign inflow was recorded at RM27.5mil.

Retailers continued to be the net buyers on the market, with a net of RM171.68mil worth of equities bought over the week.

Local institutions were also net buyers with RM318.63mil of equities bought.

"Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM5.68b.

"Local institutions and foreign investors were net sellers to the tune of -RM3.18b and -RM2.49b, respectively," said MIDF.

In terms of participation, the retail investors, local institutions, and foreign investors recorded a weekly increase of 21.08%, 21.08% and -0.27% respectively in average daily trade value.

Over the week, Bursa Malaysia counters that saw the highest net money inflows were Hartalega, Public Bank and Kossan. Stocks leading net money outflows were Top Glove, Genting and Lotte Chemicals Titan.