Foreign funds' net selling slows

KUALA LUMPUR: Foreign investors’ net selling of local equities slowed down last week to RM147.87mil from RM173.93mil in the preceding week, according to MIDF Research.

This was the fifth consecutive week of net selling by the foreign investors.

“However, it should be noted that the pace of net selling by the foreign investors has been down-trending.

“Last week’s net selling was 17.6% week-on-week lesser than the previous week,” MIDF said in its weekly fund flow report.

As the market reopened last Monday, foreign investors were net buyers amounting to RM7.97mil. Local institutions sold RM105.99mil net of local equities, with retailers as net buyers to the tune of RM98.02mil.

MIDF noted that foreign investors were net sellers on Wednesday and Friday.

The largest foreign outflow was recorded on Wednesday with the smallest outflow on Friday to the tune of RM146.95mil and RM41.61mil respectively.

The largest net buying was recorded on Thursday, amounting to RM32.72mil.

Retailers were net buyers the whole of last week with the largest net buying recorded on Monday at RM98.02mil and smallest on Friday to the tune of RM6.98mil.

Cumulatively, for the week, retailers net bought RM154.68mil worth of equities in Bursa.

Meanwhile, local institutions recorded cumulative weekly net selling of RM6.80mil.

“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM8.71bil.

“Local institutions and foreign investors were net sellers to the tune of RM3.75bil and RM4.96bil, respectively,” MIDF said.

In terms of participation the retail investors, local institutions, and foreign investors recorded a weekly movement of 10.82%, 16.58%, and 11.38% respectively in average daily trade value.

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Bursa Malaysia , MIDF , fund flow


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