PETALING JAYA: After a hopeful start of foreign buying last week, foreign buyer changed course by
again turning to be net seller to the tune of RM344.2 million in comparison of net buying the previous week.
MIDF Research said this marks the continuation of 27th week of net selling this year after a hopeful 26th week.
“So far in 2020, foreign investors have sold RM19.9 billion net on Bursa. On the other hand, retailers bought RM140.4 million net worth of equities to date with local institutions bought RM52.7 million during the same period,“ MIDF said in its fund flow report today.
As market reopened on Monday last week, foreign investors bought RM139.8 million net of local equities, giving hope that foreign funds may be starting to look at Malaysian market in earnest.
However, this was reversed on Tuesday and Wednesday as foreign fund turned net outflow again to a tune of RM110.06 million and RM180.27 million respectively. The largest net outflow of the week was on Friday with net outflow of RM193.1 million.
“In comparison to another three South East Asian markets that we tracked last week, Indonesia recorded the least foreign net outflow while Thailand experienced the biggest outflow compare to the others.”
In terms of participation, the retail investors recorded a weekly increase 42.0% in average daily trade value (ADTV) to RM8.55 billion while the foreign investors experienced the increase of ADTV of 62.06% to reach RM2.3 billion.
source https://www.thesundaily.my/business/foreign-selling-on-bursa-returns-rm3442m-sold-last-week-AY3607266
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