Foreign investors turn net sellers with RM469.52mil net outflow


KUALA LUMPUR: Foreign investors were net sellers of Malaysian equities last week, with total outflow amounting to RM469.52mil against a net inflow of RM75.68mil in the preceding week.

“As the market reopened last Monday, foreign investors sold RM184.99mil net of local equities, with retailers and local institutions both as net buyers to the tune of RM121.41mil and RM63.58mil, respectively,” MIDF said in its weekly fund flow report.

The research house noted that foreign investors were net sellers every day last week with the largest foreign outflow on Monday and the smallest outflow on Friday to the tune of RM710,000.

“As for the retailers, they were net buyers every day of the week. The largest net buying by the retailers was recorded on Thursday at RM147.28mil and smallest net buying was on Tuesday to the tune of RM81.25mil.

“Cumulatively, for the week, retailers net bought RM579.89mil worth of equities in Bursa,” MIDF said.

Meanwhile, local institutions recorded cumulative weekly outflow to the tune of RM110.37mil.

The research house said the biggest net selling done by local institutions was on Friday at RM121.21mil.

Conversely, the largest net buying was on Monday to the tune of RM63.58mil.

“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM7.90bil.

“Local institutions and foreign investors were net sellers to the tune of RM4.08bil and RM3.81bil, respectively,” MIDF said.

In terms of participation, the retail investors recorded a weekly movement of -12.81% while local institutions, and foreign investors recorded a weekly movement of -21.61% and +37.81% respectively in average daily trade value.

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MIDF , fund flow , Bursa Malaysia

   

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