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KUALA LUMPUR: Foreign investors continued to reduce their holdings on Bursa Malaysia for the sixth consecutive week, offloading RM579.73mil net of local equities last week.
“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM8.97bil.
“Local institutions and foreign investors were net sellers to the tune of RM3.43bil and RM5.54bil, respectively,” MIDF Research said in its weekly fund flow report.
As the market reopened last Monday, MIDF said foreign investors were net sellers amounting to RM139.06mil.
Local institutions bought RM48.18mil net of local equities, with retailers as net buyers to the tune of RM90.88mil.
Foreign investors were net sellers every day of the week with the largest outflow recorded on Friday to the tune of RM325.13mil.
As for the retailers, MIDF noted that they were net buyers every day last week.
The largest net buying by the retailers was recorded on Monday at RM90.88mil and the smallest net buying was on Thursday to the tune of RM32.69mil.
Cumulatively, for the week, retailers net bought RM258.80mil worth of equities in Bursa.
Meanwhile, local institutions recorded a cumulative weekly net buying of RM320.93mil.
“Local institutions were net buyers on Monday, Wednesday, and Friday with the largest net buying on Friday to the tune of RM279.86mil,” MIDF said.
In terms of participation the retail investors, local institutions, and the foreign investors recorded a weekly movement of -18.95%, -24.52% and -5.86% respectively in average daily trade value.
Last week, Genting Bhd registered the highest net money inflow of RM7.95mil. Genting Malaysia saw the second highest net money inflow of RM2.50mil while Lotte saw the third highest net money inflow of RM1.73mil.
On the other hand, Maybank saw the largest net money outflow of RM7.21 last week.
CIMB recorded the second largest net money outflow of RM6.49mil and Top Glove saw net money outflow of RM5.4mil during the week.