Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 16): Retail investors have been the only net buyers on the local equity market since the start of this year, accumulating some RM9.38 billion worth of shares.

Meanwhile, local institutions and foreign investors were net sellers to the tune of RM3.4 billion and RM5.98 billion respectively.

In its weekly fund flow report today, the MIDF Research team said that after seven weeks of net outflow, foreign investors turned net buyers for week ended Aug 13, which saw a marginal inflow amounting to RM14.07 million (from an outflow RM451.09 million the prior week).

MIDF said as the market reopened last Monday, foreign investors were net sellers amounting to RM21.96 million.

Meanwhile, local institutions sold RM43.91 million net of local equities, with retailers as net buyers to the tune of RM65.87 million.

“Foreign investors were net sellers for two days of the week. The largest foreign outflow was recorded last Thursday with the smallest outflow on Monday to the tune of RM25.90 million and RM21.96 million respectively.

“Last Wednesday and Friday saw foreigners as net buyers at RM30.58 million and RM31.35 million respectively.

“As for retailers, they were net buyers for half of the week,” it said.

The research house added that cumulatively for the week, retailers net bought RM78.96 million worth of equities on Bursa Malaysia.

Meanwhile, it said local institutions recorded cumulative weekly net selling to the tune of RM93.04 million.

“Local institutions were net sellers last Monday, Wednesday and Friday with the largest net selling on Friday to the tune of RM62.31 million.

MIDF said that in terms of participation, retail investors, local institutions and foreign investors recorded weekly movements of -1.64%, -0.19% and -15.87% respectively in average daily trade value (ADTV).

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