Net foreign selling on Bursa accelerates to RM479.6mil
Kuala Lumpur, Oct 17 — The foreign outflow from Bursa Malaysia continued for a sixth straight week to the sum of RM479.7mil in the week ended Oct 14, 2022.
Despite being open for trading on only four days due to a national holiday on Monday, the domestic exchange recorded a heavier outflow over the previous week with foreign investors being net sellers on every trading day.
To date, international investors have been net buyers for 24 out of the 41 weeks of 2022, with a total net inflow of RM5.81bil.
The increased selling last week was in line with the foreign retreat from Asian markets during the week.
According to MIDF Research data, of the seven Asian exchanges under its coverage, only South Korea managed to keep a foreign net inflow.
“The bulk of the outflows came from Taiwan at USD1.49b and India at USD1.20b.”
“Note that Taiwan has recorded its 11th consecutive week of net outflows. Other countries that recorded net outflows were Thailand at USD125.9m, Malaysia at USD102.3m, Indonesia at USD79.4m and Philippines at USD5.3m,” it said in a report.
In Malaysia, local institutions were net buyers on every day of the week with net buying of RM368.4mil of local equities.
Local retailers turned net buyers with a weekly inflow of RM111.3mil.
In terms of participation, there was an increase in average daily trade value (ADTV) across all investor classes at 0.34% for retail investors, 16.6% for institutional investors and 16.3% for foreign investors.