KUALA LUMPUR, Nov 1 — Foreign funds buying of local equities extended for the fourth straight week, but at a slower pace of RM1.44 million last week against RM587.61 million a week before, MIDF Research said.
“As the market reopened last Monday, local institutions and retailers were net sellers and net buyers, respectively, amounting to -RM89.27 million and RM36.41 million, respectively.It said despite the weekly net inflow, foreign investors were net sellers for majority of the week. The largest net buying by retailers was recorded on Thursday and smallest net buying was on Monday to the tune of RM78.57 million and RM36.41 million, respectively.“Meanwhile, local institutions recorded cumulative weekly net selling amounted to -RM309.73 million.
Since the beginning of 2021, local institutions and foreign investors were net sellers to the tune of -RM8.53 billion and -RM2.18 billion, respectively, while retailers have been the only net buyers of equity market to the tune of RM10.71 billion.
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