{"id":14359,"date":"2022-07-18T16:30:45","date_gmt":"2022-07-18T08:30:45","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=14359"},"modified":"2022-07-18T16:30:47","modified_gmt":"2022-07-18T08:30:47","slug":"foreign-investors-remain-net-sellers-of-malaysian-equities-for-sixth-week","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=14359","title":{"rendered":"Foreign investors remain net sellers of Malaysian equities for sixth week"},"content":{"rendered":"\n

KUALA LUMPUR, July 18<\/strong> — Bursa Malaysia continued to see foreign fund outflow last week,\u00a0making it the\u00a0sixth consecutive week, but its\u00a0value reduced to RM28 million during the shortened trading week due to Aidiladha replacement holiday on Monday as compared with net outflow of RM120.55 million in the previous week.<\/p>\n\n\n\n

In its weekly Fund Flow Report today, MIDF Research, which is part of MIDF Amanah Investment Bank Bhd, said foreigners were net buyers on Tuesday and Thursday at RM21.9 million and RM49.6 million, respectively, cushioning the outflows of RM81.9 million on Wednesday and RM17.6 million on Friday.<\/p>\n\n\n\n

\u201cLocal institutions turned net sellers again at a rate of RM25.1 million\u00a0after net buying for a brief two weeks. They were net sellers of RM60.4 million on Tuesday and RM48.5 million on Thursday, which was softened by net buys on Wednesday and Friday valued at RM47.9 million and RM36 million, respectively.”<\/em><\/p>\n\n\n\n

\u201cLocal retailers maintained their net buying spree for the sixth week, totalling\u00a0RM53.1 million. They bought RM72.5 million net on Tuesday and Wednesday before net selling worth RM19.5 million over the next two days,\u201d<\/em> it said.<\/p>\n\n\n

\n
\"foreign\"<\/figure><\/div>\n\n\n

MIDF Research said to-date, international funds were net buyers for 17 out of the 28 weeks in 2022, with a total net inflow of RM5.94 billion, while local institutions were net sellers for 21 out of 28 weeks with a total net outflow of RM7.84 million.<\/p>\n\n\n\n

Local retailers were net buyers for 19 out of 28 weeks of 2022. Year-to-date, they have been net buyers at RM1.9 billion.<\/p>\n\n\n\n

In terms of participation, there was a decline in the average daily trade value (ADTV) among all investor classes. Retail investor saw a decline of 26.26 per cent while the ADTV for institutional and foreign investors decreased by 25.51 per cent and 25.94 per cent, respectively.<\/p>\n\n\n\n

On a sectoral basis, the research house said the top three sectors which saw net outflows by foreign investors were industrial products and services (RM51.7 million), technology (RM40.4 million) and plantation (RM22.3 million).<\/p>\n\n\n\n

\u201cMeanwhile, the top three sectors with net inflows were healthcare, financial services and consumer products and services with RM71.7 million, RM35.5 million and RM16.6 million respectively,\u201d<\/em> it added.<\/p>\n\n\n\n

Globally, MIDF Research said global markets were hit by gloomy sentiments last week, reversing the rally seen in the previous week as inflation jitters returned to spook investors with a 41-year high consumer price index (CPI) in the US, on top of disappointing second-quarter US corporate earnings thus far, as announced last week.<\/p>\n\n\n\n

\u201cBenchmark indices\u00a0on Wall Street pared part of the gains it made in the previous week amidst the negativities, pushing the S&P500 lower by 0.93 per cent\u00a0for the week to finish at 3,863.16 points while the Dow Jones Industrial Average inched lower by 0.16 per cent\u00a0to 31,286.02 points.”<\/em><\/p>\n\n\n\n

The Nasdaq Composite took a bigger hit of 1.57 per cent to 11,452.42 points.<\/p>\n\n\n\n

MIDF Research also reported that out of the 16 major indices that it tracked, 13 were in the red, with Hong Kong\u2019s Hang Seng Index at the very bottom after tanking 6.57 per cent.<\/p>\n\n\n\n

China\u2019s CSI 300 lost 4.07 per cent while the Philippines Stock Exchange Index retreated 2.62 per cent.<\/p>\n\n\n\n

\u201cThe only three advancers for the week were Japan\u2019s Nikkei 225, Taiwan\u2019s TAIEX and France\u2019s CAC40, which were up 1.02 per cent, 0.60\u00a0per cent and 0.05\u00a0per cent respectively,”<\/em>\u00a0it said.<\/p>\n\n\n\n

NMT<\/a> as reported by Bernama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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