Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (June 21): Foreign investors turned net buyers last week after two weeks of net selling, with an inflow amounting to RM75.68 million for the week ended June 18.

MIDF Research said in a weekly fund flow report that last week marked the seventh time of weekly net buying by foreign investors out of the cumulative 24 weeks so far this year.

“As the market reopened last Monday, foreign investors bought RM98.86 million net of local equities, with retailers and local institutions both as net sellers to the tune of RM1.14 million and RM97.72 million respectively,” it said.

According to MIDF, foreign investors were net sellers on the majority of days last week, with net buying occurring last Monday and Friday.

“Net buying last Friday negated the selling pressure of the week as foreign investors net bought RM314.32 million worth of equities. The largest foreign outflow was recorded last Thursday at RM164.78 million,” it said.

As for retailers, it said, they were net buyers everyday except last Monday.

“The largest net buying by retailers was recorded last Thursday at RM87.85 million and the smallest net buying was on Tuesday. Cumulatively, for the week, retailers net bought RM227.45 million worth of equities on Bursa,” it said.

Meanwhile, local institutions' cumulative weekly inflow was to the tune of RM303.13 million, with net buying occurred from last Wednesday to Thursday.

“The biggest net selling done by local institutions was on Friday at RM327.9 million. Conversely, the largest net buying was on Thursday to the tune of RM77.33 million,” it said.

MIDF also noted that since the beginning of 2021, cumulatively, retailers were the only net buyers of our equity market to the tune of RM7.32 billion.

Conversely, local institutions and foreign investors were net sellers to the tune of RM3.97 billion and RM3.34 billion respectively.

In terms of participation, MIDF said, retail investors recorded a weekly movement of 0.95%, while local institutions, and foreign investors recorded weekly movements of 11.55% and 39.41% respectively in average daily trade value (ADTV).

Edited ByJoyce Goh
      Print
      Text Size
      Share