Foreign investors still buy stocks, but pace slows

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KUALA LUMPUR: Foreign investors remained net buyers of the equities for the second straight consecutive weeks, but outflow slowed to RM6.71mil against RM14.07mil in the preceding week, according to MIDF Research.

“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM9.58bil.

The research house said as the market reopened last Monday, foreign investors were net buyers amounting to RM20.84mil. It noted that foreign investors were net sellers two days of the week with the largest foreign outflow was recorded on Thursday with the smallest outflow on Friday to the tune of RM119.46mil and RM23.12mil respectively.As for the retailers, MIDF said they were net buyers every day of the week.

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