皇冠hg0088开户（www.hg108.vip）_Selling by offshore funds intensify to RM511.15mil net
KUALA LUMPUR: The outflow from Malaysian equities accelerated in the past week to RM511.15mil net sold by offshore funds as strong net selling continued over the Asian region.
"Foreign investors continued its stance of net selling on Asian equities for the week ended June 17, disposing further of what they sold in the week prior.
"Based on the provisional aggregate data for the seven Asian exchanges that we track, investors classified as “foreign” sold US$7.67bil net last week," said MIDF Research in its weekly fund flow report.
According to MIDF, sell-offs continue to dominate the markets on rising risk of a recession.
The US Federal Reserve last week raised its interest rate by 75 basis points to 1.5-1.75%, its largest increase since 1994, which is expected to weaken US economy growth.
On Bursa Malaysia, foreign investors were net sellers on every trading day of the past week except Tuesday, where it recorded net buying of RM9.38mil.
The steepest net selling days by foreigners were Monday and Wednesday at RM163.20mil and RM146.28mil respectively.
Foreign funds have recorded a total net inflow of RM6.45bil for the year thus far, having been net buyers for 17 out of the past 24 weeks.
Local institutions were net buyers again at RM288.68mil after four straight weeks of net selling. Year-to-date, local institutions have net sold RM7.98bil of equities.
Local retailers meanwhile were net buyers on every day of the past week for a total of RM222.85mil net of equities, bringing their net buying for 2022 to RM1.53bil.
"In terms of participation, foreign investors, institutional investors and retail investors all showed a weekly growth in the average daily trade value (ADTV) at 47.61%, 7.98% and 3.04% respectively," said MIDF.