Foreigners offloaded RM631m worth of Malaysian equities last week — MIDF

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KUALA LUMPUR (Aug 20): Foreign funds' net sale of Malaysian shares amounted to RM631.4 million last week after they bought and sold RM2.28 billion and RM2.91 billion worth of equities respectively, according to MIDF Amanah Investment Bank Bhd.

MIDF said today in its fund flow report that global portfolio money left Bursa Malaysia last week after two weeks of net foreign buying.

"August has so far seen a foreign net outflow worth -RM128.6 million. The year-to-date outflow from Malaysia stands at -RM8.6 billion as of last Friday but is still the nation with the second lowest outflow amongst the four ASEAN markets we monitor.

"Participation amongst foreign investors [has] been active so far this year as their weekly average daily traded value (ADTV) reached above RM1 billion for 31 out of 33 weeks. The weekly ADTV of the retail market and local institutional funds also remained healthy above RM800 million and RM2 billion respectively despite the drop last week," MIDF said.