PETALING JAYA: Foreign investors reverted to net selling to the tune of -RM559.0 million last week, marking the second net outflow of September, according to MIDF Research.
Comparatively, the second week of the month saw foreign investor as net buyer at RM70.9 million. Combined, for the three two weeks of September, foreign investor was net seller to the tune of -RM1.07 billion.
Meanwhile, retailers are net buyers of RM579.1 million worth of equities last week, with local institutions at -RM20.1 million net during the same period.
“Last week was the 11th consecutive weeks of local retailers as net buyer on Bursa to the tune of net RM5.61 billion, in comparison of local institution as net seller at -RM727.46 million and foreign investor at -RM4.58 billion since early July,“ MIDF said in its fund flow report yesterday.
As market reopened on Monday last week, foreign investors sold -RM187.90 million net of local equities, with retailers and local institutions as net buyers and sellers at RM279.48 million and -RM91.58 million respectively.
Foreign selling happened every trading day of the week, with the largest was on Tuesday at -RM223.22 million and smallest outflow was in Friday at -RM63.21 million.
So far in 2020, foreign investors net selling has amounted to -RM21.43 billion worth of equities on Bursa. Local players, institutions are net buyers at RM9.59 billion and retailers at RM11.47 billion.
“In comparison to another three South East Asian markets that we tracked last week; the Philippines recorded the least foreign net outflow while Malaysia experienced the biggest outflow compared to the others,“ said MIDF.
In terms of participation, the retail investors recorded a weekly decrease -9.00% in average daily trade value (ADTV) while the foreign investor experienced the increase of ADTV of 25.41%.