Thursday 28 Mar 2024
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KUALA LUMPUR (Sept 6): Foreign investors extended their buying of Malaysian equities into the fourth week, albeit at a slower pace of RM786.42 million last week, from RM964.33 million the prior week.

In its weekly fund flow report today, the MIDF Research team said as the market reopened last Monday, foreign investors were net buyers amounting to RM513.62 million.

Meanwhile, it said local institutions and retailers were net sellers to the tune of RM485.65 million and RM27.97 million respectively.

“Foreign investors were net buyers every day of the week.

“The largest foreign inflow was recorded last Monday with the smallest inflow on Thursday to the tune of RM513.62 million and RM6.78 million respectively.

MIDF said that as for retailers, they were net buyers every day of the week except last Monday.

It said the largest net buying by retailers was recorded last Thursday and the smallest net buying was on Wednesday to the tune of RM84.92 million and RM4.68 million respectively.

Cumulatively, it said that for the week, retailers bought RM85.98 million worth of equities on Bursa Malaysia.

“Meanwhile, local institutions recorded cumulative weekly net selling to the tune of RM872.4 million.

“Local institutions were net sellers every day of the week, with the largest net selling on Monday to the tune of RM485.65 million,” it said.

MIDF said that since the beginning of 2021, cumulatively, retailers were the only net buyers of the local equity market to the tune of RM9.55 billion.

It said local institutions and foreign investors were net sellers to the tune of RM5.33 billion and RM4.22 billion respectively.

“In terms of participation, retail investors, local institutions and foreign investors recorded weekly movements of 3.68%, 5.99% and 27.81% respectively in average daily trade value (ADTV),” it said.

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