COVID–19 NEWS   Spain’s Queen catches COVID-19 amid countrywide spike in infections | S Korea’s new COVID-19 cases bounce back to over 10,000 amid resurgence woes | Italy's COVID-19 transmission rate rises for 4th consecutive week | N Korea's first COVID-19 cases traced to area bordering S Korea: State media | COVID: Rise in new infections, drop in death cases last week - Health DG | 
BUSINESS

Foreign investors remain net buyers last week with net inflows of RM26.15 mln

23/05/2022 11:02 AM

By Zufazlin Baharuddin

KUALA LUMPUR, May 23 (Bernama) -- Foreign investors continued to be net buyers for the week ended May 20, with total net inflows amounted to RM26.15 million, MIDF Amanah Investment Bank Bhd (MIDF Research) said.

In its weekly Fund Flow Report today, the firm said local retailers turned net sellers after five consecutive weeks of being net buyers, with net outflows of RM8.03 million.

“Meanwhile, local institutions continued to be net sellers with a net selling position totalling RM18.12 million last week,” said the research firm.

MIDF Research said to date, international funds have been net buyers for 16 out of the 20 weeks of 2022, with total net inflows of RM7 billion.

“They were net sellers on Tuesday and Wednesday at RM51.97 million and RM10.60 million, respectively,” it added.

Meanwhile, local institutions were net buyers on Tuesday and Wednesday to the tune of RM57.68 million and RM13.23 million, respectively.

MIDF Research said the highest net selling was recorded on Friday at RM63.07 million while the smallest net selling was on Thursday at RM25.96 million.

The firm said local institutions have been net sellers for 17 out of 20 weeks this year and to date, having sold RM8.11 billion of equities.

“Local retailers were net sellers from Tuesday to Thursday, with a total net selling of RM13.55 million.

“With the exception of Friday, whereby local retailers recorded a net buying of RM5.52 million for the week,” it said.

In terms of participation, foreign investors saw an increase in the average daily trade value (ADTV) by 13.14 per cent, while local retailers saw a decline of 1.06 per cent and local institutions also witnessed a drop of 0.75 per cent.

MIDF Research said Malayan Banking Bhd registered the highest net money inflow of RM2.92 million last week while Inari Amertron Bhd saw the largest net money outflow of RM2.30 million.

-- BERNAMA


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy