Foreign selling on Bursa rises to RM268mil last week

TheStar Mon, Nov 23, 2020 09:56am - 3 years View Original


KUALA LUMPUR: Foreign selling on Bursa Malaysia rose marginally to RM268.8mil for the week ended November 20 compared with RM246.32mil a week before, according to MIDF Research.

The research house said as market reopened on Monday last week, foreign investors sold RM126.4mil net of local equities, with retailers and local institutions as net buyers at RM15.0mil and RM111.4mil respectively

However, MIDF said for retailers buying momentum was reversed mid-week with the largest outflow was on Wednesday to the tune of RM107.52mil.

This was followed by local institutions momentum as well, but it recovered on Thursday with the largest inflow of the week at RM162.76mil.

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