Foreign net buying slow but steady on Bursa

KUALA LUMPUR: The intensity of foreign net buying activity on Bursa Malaysia softened during the holiday-shortened week to RM125.97mil last week from RM433.16mil in the preceding week, according to MIDF Research.

The research house noted that this was the sixth consecutive week of net buying by the foreign investors.

“Since the beginning of 2021, retailers have been the only net buyers of our equity market to the tune of RM10.04bil

“Local institutions and foreign investors were net sellers to the tune of RM6.38bil and RM3.66bil, respectively,” MIDF said in its weekly fund flow report.

As the market reopened last Monday, foreign investors were net buyers amounting to RM58.39mil followed by retailers with net buying of RM63.5mil.

Local institutions were net sellers to the tune of RM121.89mil.

MIDF noted that foreign investors were net buyers every day of the week except on Friday.

“The largest foreign inflow was recorded on Wednesday with the smallest inflow on Monday to the tune of RM76.96mil and RM58.39mil respectively.

“The net selling by foreign investors on Friday amounted to RM72.65mil,” it said.

The largest net buying by the retailers was recorded on Friday and the smallest net buying was on Wednesday to RM81.57mil and RM6.97mil respectively.

Cumulatively, for the week, retailers acquired RM211.55mil worth of equities on Bursa Malaysia.

On the other hand, local institutions recorded cumulative weekly net selling of RM337.92mil.

“Local institutions were net sellers every day of the week with the largest net selling on Tuesday to the tune of RM123.18mil, while the lowest was on Friday at RM8.92mil,” MIDF said.

In terms of participation, retail investors, local institutions, and foreign investors recorded a weekly movement of 4.67%, -6.08%, and 45.97% respectively in average daily trade value (ADTV).

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

MIDF , fund flow , Bursa Malaysia


Next In Business News

Second phase of London's Battersea Power Station to be opened to public next year
CPO futures seen trading higher next week on improved sentiment, may hit RM5,050
US to lift restrictions Nov 8 for vaccinated foreign travelers
China aluminium firm Zhongwang flags 'severe difficulties' at subsidiaries
Toyota cuts November output, after supplies slowed from Malaysia and Vietnam
Oil prices rise to three-year high on back of supply deficit forecasts
World stocks notch best day in 5 months
DNB gets Malaysia ready for 5G
Telcos post-5G rollout
Short Position - Listed companies, healthcare valuations, demographic dividend

Others Also Read