KUALA LUMPUR, 11 October 2022 – According to MIDF Research, foreign selling of Malaysian shares on Bursa Malaysia decreased to RM336.9 million last week from RM740.6 million the week before.
“After being net sellers for 14 straight trading days, we only saw net inflow from foreign investors on Tuesday at RM59.64mil.
However, the research firm said in its weekly fund flow analysis that “the net selling trend resumed again on Wednesday and right up to Friday.”
According to MIDF, the biggest foreign net outflows occurred on Friday with RM143.36 million and Monday with RM112.42 million. Foreigners also net sold at RM68.05 million and RM72.71 million on Wednesday and Thursday, respectively.
According to MIDF, the top three industries last week that suffered net outflows of foreign capital were financial services (RM310.8 million), technology (RM52.7 million), and consumer goods and services (RM42.1 million).
For the third week in a row, local institutions were net purchasers; they spent RM413.47 million last week.
With the exception of Tuesday, when they net sold RM33.04 million, they were net purchasers every day of the week. The net purchasing days were continuously above RM100 million, with Friday recording the biggest sum at RM137.71 million.
Following three weeks of net purchasing, local merchants last week shifted to net selling at RM76.56 million, according to MIDF.
They had net sales of RM26.6 million, RM33.01 million, and RM31.93 million on Tuesday, Wednesday, and Thursday, respectively, and net purchases of RM9.33 million and RM5.65 million on Monday and Friday, respectively.
“International funds have been net purchasers so far in 2022 for 24 of the 40 weeks, with a net inflow of RM6.29 billion.
“Local institutions saw a net outflow of -RM8.47bil during the course of 29 of the 40 weeks. For 26 out of the 40 weeks of 2022, local shops have been net purchasers. They have spent RM2.19 billion as net purchasers so far this year, according to MIDF.
Average Daily Trade Value (ADTV) decreased overall in terms of participation, with international investors leading the way at -31.53%, followed by local institutions at -17.76%, and retailers at -9.89%.
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