Overseas investors remain net sellers of equities on Bursa

Foreign investors continued to be net sellers of Malaysian equities last week, which saw outflow amounting to RM336.37 million, lower than the previous week, according to MIDF Research.

In its fund flow report, MIDF said the market opened last Monday with foreign investors selling RM153.18 million net of local equities, with retailers and local institutions both as net buyers to the tune of RM36.72 million and

RM116.45 million respectively.

The research house observed that foreign investors were net sellers every day except on Friday. Largest foreign outflow was recorded on Wednesday at RM155.35 milion and the smallest outflow was on Wednesday at RM1.46 million. The only inflow recorded amounted to RM11.92 million.

However, retail investors emerged as net buyers every day last week. Retailers’ largest net buying was recorded on Thursday at RM143.39 million and the smallest was on Friday at RM28.84 million. Cumulatively, for the week, retailers net bought RM325.65 million worth of equities in Bursa.

Meanwhile, local institutions cumulative weekly inflow was to the tune of RM10.72 million. The biggest net buying was on Monday at RM116.45 million while the biggest net selling happened on Thursday at RM105.08 million.

Since the beginning of 2021, cumulatively, retailers have been the only net buyers of local equity market to the tune of RM6.33 billion. Local institutions and foreign investors were net sellers to the tune of RM3.13 billion and RM3.21 billion, respectively.

In terms of participation, retail investors recorded a weekly decrease of 10.23%, while local institutions and foreign investors recorded a weekly increase of 13.77% and 24.08% respectively in average daily trade value.