MIDF: foreign investors turn net buyers last week

12-Oct-2021 Intellasia | Bernama | 5:02 AM Print This Post

Foreign investors turned net buyers last week, with a net inflow of RM293.36 million, the first week of foreign net buying after one week of outflow previously, MIDF Research said.

In its weekly fundflow report, it said foreign investors were net buyers for majority of last week except on Monday and Tuesday with the largest foreign inflow was recorded on Wednesday and the largest outflow was on Monday to the tune of RM135.62 million and RM83.94 million, respectively.

As for the retailers, they were net sellers for majority of the day except on Tuesday and Friday, with the largest net selling by the retailers was recorded on Wednesday and largest net buying was on Tuesday to the tune of RM38.71 million and RM23.88 million, respectively.

Cumulatively, for the week, retailers net sold RM68.01 million worth of equities in Bursa Malaysia while local institutions recorded cumulative weekly net selling to the tune of RM225.33 million, said MIDF Research.

Since the beginning of 2021, retailers have cumulatively been the only net buyers of our equity market to the tune of RM10.40 billion, while local institutions and foreign investors were net sellers to the tune of RM6.71 billion and RM3.69 billion, respectively.

In terms of participation, retail investors, local institutions and foreign investors recorded a weekly movement of 15.32 per cent, 15.07 per cent and 32.12 per cent, respectively, in average daily trade value.

https://www.malaymail.com/news/money/2021/10/11/midf-foreign-investors-turn-net-buyers-last-week/2012411

 

Category: Malaysia

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