“Cumulatively, the month of August saw net outflow of foreign investors at RM1.49bil,” MIDF said in its weekly fund flow report.MIDF said retailers were net buyers of RM660.08mil worth of equities last week, with local institutions at RM71.52mil net during the same period.
As the market reopened on Tuesday last week, foreign investors sold RM379.90mil net of local equities, with retailers and local institutions as net buyers at RM199.95mil and RM179.95mil respectively. MIDF noted that the largest net outflow of the week was on Tuesday with net outflow of RM379.90mil and the smallest outflow on Wednesday at RM25.97mil.
“So far in 2020, foreign investors net selling have amounted to RM20.94bil worth of equities on Bursa.In comparison to another three South East Asian markets that MIDF tracked last week, the Philippines recorded the least foreign net outflow while Thailand experienced the biggest outflow compared with the others.
In terms of participation, the retail investors recorded a weekly decrease of 22.67% in average daily trade value while the foreign investor experienced a decrease of ADTV of 27.97%.