Foreign investors on Bursa Malaysia record net outflow of RM81.9mil in week ended Nov 25

An investor monitors share market prices in Kuala Lumpur. FAIHAN GHANI/The Star.

KUALA LUMPUR: Foreign investors remained net sellers over the previous week to the tune of RM81.9mil amid the uncertainties of the General Election that resulted in a hung parliament for the first time in the nation's history.

In its weekly fund flow report, MIDF Research noted that the resolution to the political impasse resulted in net foreign buying of RM340.80mil on Thursday although this was not enough to offset the net selling in the prior three days.

There was also net selling on Friday, a day after the appointment of Datuk Seri Anwa Ibrahim to the Prime Minister's post amid strong profit-taking activity.

"The net selling started on Monday which saw the highest net outflow for the week at -RM36.655m and the trend continued with net outflows of -RM155.95m on Tuesday, -RM56.57m on Wednesday and -RM42.49m on Friday," according to MIDF.

Over the course of the week, the top three sectors with net outflows by foreign investros were consumer products and services (RM132.6mil), healthcare (RM35.8mil) and industrial products and services (RM29.2mil).

Financial services however recorded a net foreign inflow of RM103.2mil.

Local institutions were also net sellers during the week with a total net outflow of RM4.2mil.

The only net buyers were local retailers, which recorded a weekly net inflow of RM85.19mil, continuing their buying activity from the previous week.

"International funds have been net buyers for 26 out of the 47 weeks of 2022, with a total net inflow of RM5.83bil.

"Local institutions were net sellers for 32 out of 47 weeks, with a total net outflow of RM8.99bil.

"Local retailers have been net buyers for 30 out of 47 weeks of 2022. Year-to-date, they have been net buyers at RM2.17bil," said MIDF.

In terms of participation, there was an improvement in terms of average daily trade value (ADTV) across retailer investors (67.37%), institutional investors (62.23%) and foreign investors (32.94%).

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