Foreign selling extends to 4th week at slower pace

TheStar Mon, Jul 19, 2021 09:55am - 2 years View Original


KUALA LUMPUR: Foreign funds selling of local equity extended to fourth straight week, but at a slower pace of RM173.93mil last week from RM323.98mil in the prior week, said MIDF Research.

As the market reopened last Monday, foreign investors sold RM96.60mil net of local equities, with retailers and local institutions as net buyers to the tune of RM59.10mil and RM37.50mil, respectively.

MIDF noted that Foreign investors were net sellers every day last week except on Thursday.

The largest foreign outflow was recorded on Monday with the smallest outflow on Tuesday to the tune of RM96.60mil and RM7.02mil respectively. The net buying on Thursday amounted to RM69.60mil.

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