Foreign investors became net buyers every day last week


KUALA LUMPUR: The previous week saw foreign investors becoming net buyers every day of the week.

In its weekly fund flow report, MIDF Research said foreign investors were net buyers to the tune of RM397.85mil for the week ended Jan 14 against a net outflow of RM62.15mil in the week prior.

“As the market reopened on Monday last week, foreign investors and retailers bought RM36.82mil and RM5.41mil net of local equities respectively while local institutions as net sellers to the tune of RM42.23mil respectively,” it said.

Foreigners were net buyers everyday of the week with the largest foreign inflow recorded on Tuesday at RM171.58mil and the smallest inflow was on Friday at only RM0.53mil.

MIDF said local institutions were active sellers last week with the largest net outflow was on Tuesday and smallest on Monday, to the tune of RM167.65mil and RM42.23mil respectively.

The research house said the market saw retailers as net buyers except on Tuesday (RM3.92mil). The largest net buying was recorded on Friday at RM113.64mil while the smallest net buying was on Wednesday at RM3.60mil.

“Overall, for the second week of 2022, local institutions and foreign investors finished strong as net buyers at RM132.79mil and RM397.85mil respectively. Meanwhile, retailers were net sellers at RM530.64mil,” MIDF said.

In terms of participation the retail investors, local institutions and the foreign investors recorded a weekly movement of 18.39%, 41.52% and 39.54% respectively in average daily trade value.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

RAM Ratings optimistic on digital bank licences in its rated portfolio
Maybulk's net profit falls to RM8.44mil in 1Q
Hap Seng posts higher net profit of RM156.30mil in 1Q
IJM Corp net profit jumps 82% to RM795mil in FY22
Cnergenz 1Q net profit at RM3.64mil
MSM posts RM28mil net loss in 1Q
Boustead 1Q profit soars 573% on land disposal
Ringgit gains momentum to end higher versus US dollar
Axiata appoints joint acting group CEOs as Izzaddin Idris steps down
Escalating costs a drag on Tuju Setia’s earnings

Others Also Read