Foreign outflow at RM376.46m last week
KUALA LUMPUR: Foreign investors were net sellers of local equities again last week, with a total outflow amounting to RM376.46 million.
MIDF Research, in its weekly fund flow report yesterday, said since the beginning of this year, retailers had been the only net buyers of local equities to the tune of RM6.01 billion.
Local institutions and foreign investors were net sellers at RM3.14 billion and RM2.87 billion, respectively.
The firm said last Monday, foreign investors bought RM150.03 million net of local equities. Retailers and local institutions were net buyers and net sellers to the tune of RM14.65 million and RM164.69 million, respectively.
Foreign investors were net sellers every day except last Monday.
“The largest foreign outflow was on Tuesday (last week) at RM229.60 million, and the smallest outflow was last Wednesday at RM80.02 million. The only inflow recorded amounted to RM150.03 million,” it said.
As for retailers, the research house said they were net buyers every day.
The largest net buying by retailers was last Tuesday at RM137.78 million, and the smallest net buying was last Monday at RM14.65 million.
“Cumulatively, for the week, retailers bought RM329.34 million worth of equities on Bursa Malaysia.”
Local institutions’ cumulative weekly inflow stood at RM47.11 million.
“The biggest net buying was last Friday at RM134.07 million, while the smallest net buying was last Tuesday at RM91.82 million. The only net selling happened last Monday and Wednesday at RM164.69 million and RM14.09 million, respectively,” the firm said.