KUALA LUMPUR: There was a net outflow of RM740.6mil in foreign funds from Bursa Malaysia in the week ended Sept 30, 2022, extending the exit of offshore value for a fourth straight week.
According to MIDF Research data, the amount of net offshore selling continued to rise for a fourth week, which was in line with a downturn in global sentiment in equities in September.
"Of the 16 indices that we track, all were in the red and the biggest decliners were Philippines’ PCOMP (-8.28%), Korea’s KOSPI (-5.87%) and Taiwan’s TWSE (-4.91%)," said the research firm in its weekly fund flow report.
Global markets were seen tracking benchmark Wall Street indices, which extended their decline for the third straight quarter in 3Q as the greenback held near recent peaks on top of historically high inflation, rising interest rates and growing recession fears.
Bursa Malaysia saw no reprieve in the last leg of September with foreign investors turning net sellers for every trading day of the week.
"The heaviest outflows were recorded on Monday at RM208.7m, followed by Wednesday at RM202.9m and Thursday at RM149.5m.
"The outflows recorded on Tuesday and Friday were lower at -RM95m and RM84.4m respectively," said MIDF.
To-date, international investors have been net buyers of RM6.62bil.
Local institutions were net buyers for everyday of the last trading week for a total weekly net inflow of RM66.9.2mil.
Local retailers were also net buyers with a net inflow of RM71.5mil, which was about only a third of the amount in the previous week.
In terms of participation, there was an increase in average daily trade value (ADTV) across all investor classes at 8.3% for retail investors, 15.7% for institutional investors and 20.6% for
foreign investors, said MIDF.