KUALA LUMPUR, Malaysia (July 5): Last week, foreign investors were net sellers again, with an RM499.25 million outflow. According to MIDF Research, foreign investors have been net selling for the second week in a row. Retailers have been the only net buyers of the equity market for a total of RM8.21 billion since the beginning of the year, according to the local research agency. With net sales of RM3.89 billion and RM4.31 billion, local institutions and overseas investors were also net sellers.
“For the week ending July 2, foreign investors were net sellers every day (last Friday). The greatest foreign outflow was RM206 million on Wednesday, while the smallest outflow was RM28.66 million on Friday “MIDF Research reported today in its weekly fund flow report.
Retailers, on the other hand, were net buyers every day of the week. The highest amount of net purchase by merchants was RM103.32 million on Monday, while the smallest amount was RM13.87 million on Friday. Retailers net bought RM309.56 million worth of stocks on Bursa Malaysia during the week.
Meanwhile, local financial institutions received RM189.69 million in weekly inflows. Local institutions only sold RM44.32 million worth of stock on Tuesday. The highest net purchase, on the other hand, occurred on Wednesday, with a total value of RM137.39 million.
In terms of participation, overseas investors saw a 5.2 percent increase in weekly movement, while retail investors and local institutions had a 2.53 percent reduction in weekly movement and a 2.83 percent gain in average daily transaction value, respectively.
Last week, foreign investors in Asia were also net sellers. According to provisional aggregate data from MIDF Research for the seven Asian exchanges that it monitors (South Korea, Thailand, Indonesia, the Philippines, India, Taiwan, and Malaysia), the net outflow from “foreign” investors totaled US$1.71 billion (about RM7.11 billion) in equities. Outflows from Taiwan and South Korea were the main drivers.
Brent crude oil prices, on the other hand, fell by 0.01 percent last week, closing at US$76.17 a barrel on Friday. The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC ministers ended their meeting on the same day without reaching an agreement, with the United Arab Emirates continuing to resist a proposal to raise supplies./n
