Foreign selling extends to 7th week at slower pace

  • Markets
  • Monday, 09 Aug 2021

KUALA LUMPUR: Foreign investors selling on Bursa Malaysia extended to a seventh straight week, but at a slower pace of RM451.09mil last week from RM579.73mil in the prior week, said MIDF Research.

In its weekly fund flow report, MIDF said foreign investors were net sellers every day of the week with the largest foreign outflow recorded on Friday and the smallest outflow on Thursday to the tune of RM133.77mil and RM36.80mil respectively.

Retailers were net buyers every day last week with the largest net buying recorded on Wednesday at RM112.28mil.

The smallest net buying by retailers was on Monday to the tune of RM36.30mil.

Cumulatively, for the week, retailers net bought RM329.30mil worth of equities in Bursa.

Meanwhile, MIDF said local institutions recorded cumulative weekly net buying to the tune of RM121.70mil.

Local institutions were net buyers on Monday, Wednesday, and Friday with the largest net buying on Friday to the tune of RM279.86mil.

“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM9.30bil,” MIDF said.

In terms of participation the retail investors, local institutions, and foreign investors recorded a weekly movement of -8.66%, -2.32% and -1.75% respectively in average daily trade value (ADTV).

For the week ended Aug 6, Inari registered the highest net money inflow of RM4.98mil. IHH saw the second highest net money inflow of RM4.57mil while Public Bank saw the third highest net money inflow of RM2.02mil.

On the other hand, Hartalega saw the largest net money outflow of RM9.17mil last week followed by Press Metal with a net outflow of RM2.2mil. Top Glove registered the third largest net money outflow of RM2.03mil.

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Bursa Malaysia , MIDF , fund flow


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