RM500mil net outflow of Malaysian shares last week

KUALA LUMPUR: Foreign investors turned net sellers again for the week ended July 2 with an outflow of RM499.25 million, MIDF Research said.

The firm said this was the second consecutive week of net selling by foreign investors.

As the market reopened last Monday, foreign investors sold RM126.69 million net of local equities, with retailers and local institutions both as net buyers to the tune of RM1103.32 million and RM23.37 million respectively.

“Foreign investors were net seller every day last week,” MIDF Research said in its weekly fund flow report.

The largest foreign outflow was recorded on Wednesday with the smallest outflow on Friday at RM206.0 million and RM28.66 million respectively.

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

The largest net buying by the retailers was recorded on Monday at RM103.32 million and the smallest net buying was on Friday to the tune of RM13.87 million.

Cumulatively for the week, retailers net bought RM309.56 million worth of equities.

The firm said local institutions recorded cumulative weekly inflow of RM189.69 million.

Since the beginning of 2021, cumulatively, retailers had been the only net buyers of the local equity market with RM8.21 billion.

Local institutions and foreign investors were net sellers to the tune of RM3.89 billion and RM4.31 billion respectively.

MIDF Research said foreign investors recorded a weekly movement of 5.2 per cent while, retail investors, and local institutions a weekly movement of -2.53 per cent and 2.83 per cent respectively in average daily trade value.

Source: NST