KUALA LUMPUR (July 19): Foreign selling of Malaysian equities narrowed to RM173.93 million last week from RM323.98 million in the prior week.
In its weekly fund flow report today, the MIDF Research team noted that this was the fourth consecutive week of net selling by foreign investors.
MIDF said that foreign investors sold RM96.6 million net of local equities, with retailers and local institutions as net buyers to the tune of RM59.1 million and RM37.5 million respectively as the market reopened last Monday (July 12).
“Foreign investors were net sellers every day last week except last Thursday. The largest outflow was recorded last Monday and the smallest outflow last Tuesday to the tune of RM96.6 million and RM7.02 million respectively. Meanwhile, net buying last Thursday amounted to RM69.6 million,” it said.
As for retailers, MIDF said they were net sellers on the majority of days last week with net selling occurring last Tuesday, Wednesday and Thursday. The largest net selling was recorded last Wednesday at RM29.49 million and the largest net buying was on Monday to the tune of RM59.1 million.
“Cumulatively, for the week, retailers net bought RM35.72 million worth of equities on Bursa,” it added.
Meanwhile, MIDF said local institutions recorded a cumulative weekly inflow of RM138.22 million.
It added that local institutions were net buyers every day last week except last Thursday, with the largest net buying on Wednesday to the tune of RM103.49 million.
“Since the beginning of 2021, cumulatively, retailers were the only net buyers of our equity market to the tune of RM8.55 billion. Local institutions and foreign investors were net sellers to the tune of RM3.74 billion and RM4.81 billion respectively.
“In terms of participation, retail investors, local institutions and foreign investors recorded weekly movements of -13.18%, -15.11% and 0.68% respectively in average daily trade value (ADTV),” it added.