Foreign funds dispose of RM336.37mil net of local equities

KUALA LUMPUR: The FBM KLCI fell 0.89% over the week to settle at 1,587.45 points amid continued foreign fund selling on Bursa Malaysia.

According to MIDF Research, foreign investors disposed of RM336.37mil net of equities last week as compared to RM376.46mil in the previous week.

The foreign outflow was recorded on every day of the week except for Friday.

"Largest foreign outflow was recorded on Wednesday at -RM155.35m and the smallest outflow was on Wednesday at -RM1.46m. The only inflow recorded amounted to RM11.92m," said MIDF in a note.

Year to date, foreign investors have been net sellers of RM3.21bil of Malaysian equities.

Retailers were net buyers on the Malaysian market every day of the week to tally a weekly net purchase of RM325.6mil.

This brought retail investors' net buying in 2021 so far to RM6.33bil.

The largest net buying was recorded on Thursday at RM143.39mil while the smallest net buying was on Friday at RM28.84mil.

Local institutions recorded a weekly net inflow of RM10.72mil.

Net buying was at its highest on Monday at RM116.45mil while the biggest net selling took place on Thursday at RM105.08mil.

There was a weekly increase of 24.08% in average daily trading value by foreign investors over the week.

Retail investor participation decreased 10.23% while local institutions increased their value of transactions by 13.77%.

Counters that saw the highest net money inflows on Bursa Malaysia were Kuala Lumpur Kepong, Westports and Hong Leong Bank.

Stocks with the top money outflows were Top Glove, Petronas Chemicals and Hartalega.rtalega.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

MRCB secures contract from Sentral REIT for car park operations
Mestron bags RM10mil deal from Tamasco
MNRB partners MBSB in takaful offerings
AME-REIT buys three industrial properties
Bond and sukuk issuance concluded
Umar to helm coalition of CEOs
Yuan jumps past seven per US dollar as Covid curbs ease
Improbable bets on break of Hong Kong dollar peg adding up
AG&P aims for first LNG terminal in India by end-2024
Long-term synergies in Celcom-Digi merger

Others Also Read