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buy apple developer account :Foreign funds snap two-week buying streak on Bursa


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,KUALA LUMPUR: Foreign funds turned net sellers on Bursa Malaysia last week after they offloaded RM101.07mil net of local equities, against a net inflow of RM240.71mil in the preceding week, according to MIDF Research. “This broke a two-week streak of net buying. As the market reopened last Monday, foreign investors bought RM26.11mil net of local equities, with retailers and local institutions as net buyer and net seller to the tune of RM142.02mil and RM168.17mil respectively,” MIDF said in its weekly fund flow report. The research house said foreign investors were net buyers every day except Tuesday and Friday during last week. Nonetheless, the total inflow did not manage to reverse the selling momentum for last week, especially the net selling on Friday. “The announcement on initiatives under the Strategic Programme to Empower the People and Economy (PEMERKASA) worth RM20bil, along with a new fiscal injection by the government amounting to RM11bil last week did provide some impetus to our equity market. However, this was mitigated by the impact of the rising US bond yields and fears of rising inflation there,” MIDF said. As for the retailers, they were net buyers every day last week. The largest net buying was recorded on Monday at RM142.05mil and smallest net purchase was on Thursday at RM59.41mil. Meanwhile, local institutions were net sellers every day of the week, except on Friday. The mixed ending was recorded after a six weeks pattern of net selling this year. Cumulative weekly outflow was to the tune of RM421.49mil. The biggest net selling was on Monday at RM168.17mil while the smallest net selling was on Thursday at RM68.91mil. “Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM4.76bil. “Local institutions and foreign investors were net sellers to the tune of RM3.48bil and RM1.28bil respectively,” MIDF said. In terms of participation, the retail investors and local institutions recorded a weekly decrease of 12.19% and 21.09% respectively in average daily trade value (ADTV). Meanwhile, foreign investors increased by 5.13% in ADTV.


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