Bursa recorded foreign outflow of RM62.15mil on first week of 2022

KUALA LUMPUR: Foreign investors sold RM62.15mil net of local equities for the week ended Jan 7, against RM17.77mil net inflow in the preceding week, according to MIDF Research.

“As the market reopened on Monday last week, foreign investors bought RM37.35mil net of local equities, with retailers and local institutions as net sellers to the tune of RM19.28mil and RM18.08mil respectively,” MIDF said in its weekly fund flow report.

The research house said foreigners were net sellers on Thursday and Friday, where combined outflow recorded was to the tune of RM141.01mil, reversing the total inflow observed on Monday till Wednesday.

“The largest foreign inflow was recorded on Monday at RM37.35mil and the smallest inflow was on Wednesday at only RM19.16mil,” it said.

MIDF said retailers were active sellers except on Thursday (RM37.61mil).

The largest net outflow was on Friday and the smallest on Tuesday, to the tune of RM24mil and RM15.06mil respectively.

MIDF said it was the opposite for local institutions. The market saw local institutions as net buyers except on Monday and Tuesday.

It said the largest net buying was recorded on Thursday at RM83.17mil and the largest net selling was on Monday at RM18.08mil.

“Overall, for the first week of 2022, local institutions finished strong as net buyers at RM103.84m while retailers and foreign investors were net sellers at RM41.69mil and RM62.15mil,” MIDF said.

In terms of participation the retail investors, local institutions and foreign investors recorded a weekly movement of 21.18%, 3.00% and 19.16% respectively in average daily trade value (ADTV).