Foreign funds step up selling on Bursa Malaysia


KUALA LUMPUR: Foreign funds remained net sellers for the second straight week with net outflow of RM193.86mil last week against RM135.63mil in the preceding week, according to MIDF Research.

“As the market reopened last Tuesday, foreign investors bought RM102.48mil net of local equities, with retailers and local institutions both as net buyers and net sellers to the tune of RM3.98mil and RM106.45mil respectively,” MIDF said in its weekly fund flow.

The research house noted that foreign investors were net sellers on the majority of days last week with net selling occurring on Wednesday, Thursday and Friday.

The largest foreign outflow was recorded on Friday at RM142.58mil.

As for the retailers, MIDF said they were net buyers every day with the largest net buying by the retailers was recorded on Wednesday at RM82.80mil and smallest net buying was on Tuesday.

Cumulatively, for the week, retailers net bought RM191.48mil worth of equities in Bursa.

Meanwhile, local institutions’ cumulative weekly inflow was to the tune of RM2.40mil.

The only net selling done by local institutions was on Tuesday at RM106.45mil while the largest net buying was on Friday, to the tune of RM72.67mil.

“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM7.09bil.

“Local institutions and foreign investors were net sellers to the tune of RM3.67bil and RM3.42bil, respectively,” MIDF said.

In terms of participation, the retail investors recorded a weekly increase of 21.33% while, local institutions, and foreign investors recorded a weekly decrease of 21.08% and 0.85% respectively in average daily trade value.

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