Net foreign outflow slows to RM108.1mil in holiday-shortened trading

KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia slowed over the previous week to RM108.1mil due to the trading week being shortened for the Raya break.

According to MIDF Research, foreign investors were net sellers on every day of the week with the largest net foreign outflow recorded on Tuesday at RM67.81mil.

The smallest net outflow was on Wednesday at RM3.33mil due to the market being only open for the morning session.

To-date, foreign investors have been net sellers of RM3.31bil of Malaysian equity.

During the holiday-shortened week, retailers broke with the buying trend and turned net sellers for the week with RM77.55mil net of equities sold.

Meanwhile, local institutions picked up a net purchase of RM186.59mil of equities, the largest net inflow in three weeks.

Since the start of 2021, retailers have been net buyers of RM6.25bil of local equity while local institutions have been net sellers to the tune of RM2.94bil.

Counters that saw the most money inflow over the week were Gamuda, British American Tobacco and IHH Healthcare.

The highest money outflows were seen in Hartalega, Lotte Chemical Titan and Genting.
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