KUALA LUMPUR: Foreign funds turned net buyer last week, amounting to RM223.8mil, the first net inflow after six weeks of consecutive net selling, according to MIDF Research. “As the market reopened on Monday last week, foreign investors sold RM32.0m net of local equities, with retailers and local institutions as net buyers to the tune of RM16.67mil and RM15.30mil respectively,” MIDF said in its weekly fund flow report. Foreigners turned net buyers on Wednesday and Thursday amounting to RM265.11mil and RM59.19mil respectively after two consecutive days of net selling. “Last week was the first net inflow from foreign investors since early November. Cumulatively, for the month of December, foreign investors were net sellers with outflow of RM735.86mil, lower than the outflow in November of circa RM1.03bil,” MIDF said. The research house noted that retailers were active buyers on every day of the week except on Wednesday last week. The largest net inflow was on Tuesday and smallest on Thursday, to the tune of RM34.3mil and RM5.5mil respectively. The market saw local institutions as net sellers every day except early in the week. Largest net selling was recorded on Wednesday at RM239.28mil and biggest net buying was on Tuesday at RM34.26mil. “As 2020 is inching closer to the end, to recap, retailers and local institutions have been net buyers for Bursa. Retailers are net buyers to the tune of RM13.64bil, larger than local institutions at RM10.62bil. “So far in 2020, foreign investors’ net selling has reached RM24.76bil worth of equities on Bursa. In comparison to another three South East Asian markets that we tracked last week; Thailand recorded the most foreign net inflow while the Philippines experienced the only outflow,” MIDF said. In terms of participation, the retail investors recorded a weekly decrease of 21.46% in average daily trade value (ADTV) while the foreign investors and local institutions experienced declines in ADTV of 52.77% and 34.19% respectively.
ios developer account
buyappleacc.com selling ios developer account for lowest price and best quality, choose us, you will never regret. take one little step with us, you can enjoy the best services.