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apple developer account for sale :Foreign fund outflow hits RM25bil


KUALA LUMPUR: The outflow of foreign funds continued as offshore investors were net sellers of RM178.8mil in equities on Bursa Malaysia over the previous week, bringing year-to-date net selling to RM25bil.MIDF Research said in its weekly fund flow report that foreign investors turned net buyers on Wednesday and Thursday after the passing of Budget 2021 at its third reading but were quick to take profit on Friday."In comparison to another three South East Asian markets that we tracked last week; Malaysia recorded the least foreign net outflow while Thailand experienced the biggest inflow compare to the others," it said.Retail traders meanwhile were active buyers everyday of the week with the largest inflow of RM148.5mil on Monday.According to MIDF, retailers were net sellers for only one day in December.Meanwhile, local institutions recorded net selling for everyday of the past week except for a net buying position of RM67.72mil on Friday.Entering the penultimate trading week of the year, retailers have been net buyers of RM13.62bil of Malaysian equities while local institutions have net purchases of RM10.87bil.The three counters with the highest money inflows on Bursa Malaysia were Tenaga, Top Glove and Press Metal. The counters that recorded the highest money outflows were Public Bank, Maybank and CIMB.

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