Foreign investors turn net sellers of local equities valued at RM503.1mil


KUALA LUMPUR: The net inflow of foreign dollars into Bursa Malaysia halted over the past week as offshore investors disposed of RM503.1mil net of equities.

MIDF Research said in its weekly fund flow report that the net selling was the strongest recorded in 19 weeks.

The sectors that registered the highest net foreign inflows were utilities (RM274mi), transport (RM61.4mil) and telecommunications and media (RM31.2mil) while sectors with the highest net foreign outflows were financial services (RM515.9mil), industrial products and services (RM107.6mil), and plantation (RM76.1mil).

Local institutions, meanwhile, ended five weeks of net selling to turn net buyers of RM443.5mil of local equities.

Local retailers followed suit, snapping three weeks of net selling, to net purchase RM59.6mil of domestic stock.

"In terms of participation, there were increases in average daily trading volume (ADTV) across all investor classes.

"Local retailers saw an increase of 14% while local institutions and foreign investors saw increases of 13.1% and 109.8% respectively," said MIDF.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Balancing act for effective governance
Bank Islam manages to mitigate impact of static OPR in 2023
Keeping audits in order
Maxis enhances mobile network capacity with RM813mil investment
Apple CEO says it is considering a manufacturing facility in Indonesia
China stocks gain as securities regulator clarifies concerns over delisting rules
New solar power race ignited
Asian shares mixed as Fed's Powell rethinks rate cuts, yields jump
Malaysian Genomics partners De Cell to bring cell-gene therapy programme to market
Reservoir Link sub-unit bags RM22mil solar farm sub-contract

Others Also Read