Foreigners Continue Exiting From Local Bourse, Outflow Hit RM522 Million

Foreigners continued to net sell Malaysian equities last week, marking the third consecutive week of net foreign fund outflows from Bursa Malaysia

The net outflow for the week was RM562.61 million, resulting from net selling activities every day of the week. They have been net selling for eight consecutive trading days since 13 Sept 2022.

Meanwhile, local retailers maintained their net buying stance last week at RM211.38 million. They were net buyers every day, with the bulk of the amount coming in on Monday at RM69.55m and Friday at RM70.09m.

There were only two sectors with net inflows, they were construction at RM66.9m and Telecommunications and Media at RM5.2m. To date, international funds have been net buyers for 24 out of the 38 weeks of 2022, with a total
net inflow of RM7.36b. Local institutions were net sellers for 29 out of 38 weeks, with a total net outflow of –RM9.56b. Local retailers have been net buyers for 23 out of 38 weeks of 2022. Year to-date, they have been net buyers at RM2.19b.

In terms of participation, there was a decline in average daily trade value (ADTV) across the board, led by retailers at 15.66%, foreign investors at -15.20%, and local institutions at -8.00%.

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