Foreign investors records third week of net inflow

As the market reopened last Monday, local institutions and retailers were net sellers amounting to RM215.79 million and RM22.2 million.

MIDF Research

KUCHING: Foreign investors were net buyers for week ended on October 22, which saw net inflow amounting to RM587.61 million, analysts gather in the latest fund flow report.

The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) gathered that this was the third week of net inflow by foreign investors.

“As the market reopened last Monday, local institutions and retailers were net sellers amounting to RM215.79 million and RM22.2 million,” MIDF Research said.

“Meanwhile, foreign investors were net buyers to the tune of RM237.99 million.”

MIDF Research recapped that excluding the public holiday on Tuesday, foreign investors were net buyers for every day of the week.

The research arm also recapped that the largest foreign inflow was recorded on Wednesday with the smallest inflow on Thursday to the tune of RM237.99 million and RM16.78 million respectively.

“As for the retailers, they were net sellers half of the four days-week except on Wednesday and Thursday.

“Largest net selling by the retailers was recorded on Monday and largest net buying was on Thursday to the tune of RM22.2 million and RM95.39 million respectively.

“Cumulatively, for the week, retailers net bought RM74.83 million worth of equities in Bursa.”

As for local institutions, MIDF Research noted that these recorded cumulative weekly net selling to the tune of RM662.44 million.

“Local institutions were net sellers for everyday of the week with largest net selling on Wednesday to the tune of RM243.95 million, while the smallest net outflow was on Friday amounted to RM90.53 million.

“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM10.4 billion.

“Local institutions and foreign investors were net sellers to the tune of RM8.22 billion and RM2.18 billion, respectively.

“However, it is worth noting that foreign investors’ net selling position continue to decline.

“It was RM3.75 billion on a year-to-date basis as at end of September 2021.”

MIDF Research further noted that in terms of participation the retail investors, local institutions and the foreign investors recorded a weekly movement of -19 per cent, 21.96 per cent and 26.34 per cent respectively in average daily trade value (ADTV).

Overall, Gamuda Bhd registered the second highest net money inflow of RM3.53 million last week, followed by Tenaga Nasional Bhd with the second highest net money inflow of RM2.85 million.

Hartalega Holdings Bhd saw the third highest net money inflow of RM1.85 million.

On outflows, Public Bank Bhd saw the largest net money outflow of RM9.39 million last week.

Petronas Chemicals Group Bhd recorded the second largest net money outflow RM6.26 million during the week under review while Dialog Group Bhd registered the third largest net money outflow of RM2.72 million in the review week.