{"id":15980,"date":"2023-01-03T17:53:01","date_gmt":"2023-01-03T09:53:01","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=15980"},"modified":"2023-01-03T17:53:03","modified_gmt":"2023-01-03T09:53:03","slug":"foreign-investors-sold-rm204-6-mln-of-equities-last-week","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=15980","title":{"rendered":"Foreign investors sold RM204.6 mln of equities last week"},"content":{"rendered":"\n

KUALA LUMPUR, Jan 3<\/strong> —\u00a0Foreign investors turned net sellers in the last trading week of 2022, offloading shares worth RM204.6 million against a net buy\u00a0of RM51.2 million in the week prior.<\/p>\n\n\n\n

MIDF Research said it was a shortened trading week due to the Christmas holiday, with the foreign investors starting off the week on a positive note by net buying RM10.1 million on Tuesday, as well as RM99.2 million on Wednesday.<\/p>\n\n\n\n

\u201cHowever, the amount net bought was inadequate to overturn the profit-taking that took place on Thursday at a rate of RM9.8 million and on Friday at RM304.1 million.”<\/em><\/p>\n\n\n\n

\u201cThe top three sectors that saw net foreign inflows were healthcare at RM16.5 million, technology at RM12.3 million, and transportation & logistics at RM7.2 million,\u201d<\/em> it said in a weekly note.<\/p>\n\n\n

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

The top three sectors that saw net foreign outflows were plantation at RM64.7 million, industrial products and services at RM57.1 million, and financial services at RM46.0 million.<\/p>\n\n\n\n

MIDF Research said local institutions net bought RM290.4 million last week, but during the week ended Dec 23, 2022, they net sold RM52.1 million worth of equities.<\/p>\n\n\n\n

\u201cTuesday and Wednesday were net selling days of RM44.6 million and RM149.0 million respectively.”<\/em><\/p>\n\n\n\n

\u201cTheir investing stance took a positive turn on Thursday as they net bought RM41.6 million with the heaviest net buying seen on Friday at RM442.4 million,\u201d<\/em> it added.<\/p>\n\n\n\n

Local retailers also turned net sellers, selling RM85.8 million worth of shares, but they had been net buying for three consecutive weeks prior to that.<\/p>\n\n\n\n

\u201cLocal retailers net bought RM34.4 million on Tuesday and RM49.9 million on Wednesday.”<\/em><\/p>\n\n\n\n

\u201cThey started taking profit for the rest of the week at RM31.8 million on Thursday and RM138.3 million on Friday,\u201d<\/em> the research firm revealed.<\/p>\n\n\n\n

In terms of participation, the average daily trading volume for local retailers (10.0 per cent), local institutions (32.6 per cent), and foreign investors (18.8 per cent) recorded growth last week.<\/p>\n\n\n\n

MIDF Research said at the end of 2022, foreign investors had been net buyers for 27 out of 52 weeks of 2022, with a total net inflow of RM4.38 billion.<\/p>\n\n\n\n

In contrast, local institutions were net sellers for 33 weeks out of 52 weeks of 2022, with a total net outflow of RM6.42 billion.<\/p>\n\n\n\n

Local retailers had also been net buyers for 33 weeks out of 52 weeks of 2022, with a total net inflow of RM2.04 billion.<\/p>\n\n\n\n

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

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