Friday 29 Mar 2024
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KUALA LUMPUR (July 12): Foreign investors remained net sellers for the week ended July 9, which saw outflow amounting to RM323.98 million, according to MIDF Research.

This was the third consecutive week of net selling by the foreign investors, it added.

The research firm said in its weekly fund flow report that as the market reopened last Monday (July 5), foreign investors sold RM25.7 million net of local equities, with retailers as net buyers and local institutions as net sellers to the tune of RM29.94 million and RM4.24 million, respectively.

“Foreign investors were net sellers every day last week except on Friday. The largest foreign outflow was recorded on Thursday with the smallest outflow on Tuesday to the tune of RM199.46 million and RM23.02 million respectively. Meanwhile, the net buying on Friday amounted to RM28.52 million,” it said.

As for retailers, it said, they were net buyers every day of the week except on Friday. The largest net buying by retailers was recorded on Thursday at RM133.29 million and the smallest net buying was on Monday to the tune of RM29.94 million. Cumulatively, for the week, retailers net bought RM311.87 million worth of equities in Bursa, it added.

Meanwhile, MIDF said local institutions recorded cumulative weekly inflow to the tune of RM12.1 million. 

Local institutions were net sellers on the majority of days last week with net selling occurring on Monday, Tuesday and Friday, it said, adding that the largest net buying was on Thursday to the tune of RM66.17 million.

“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM8.52 billion. Local institutions and foreign investors were net sellers to the tune of RM3.88 billion and RM4.64 billion, respectively,” said MIDF.

In terms of participation, retail investors, local institutions and foreign investors recorded a weekly movement of 21.64%, 18.76% and 0.34% respectively in average daily trade value, it said.

Edited ByJoyce Goh
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