Foreign investors turn net sellers of Malaysian equities

KUALA LUMPUR: Foreign investors turned net sellers of Malaysian equities for the week ended on April 9, which saw outflow amounting to RM77.9 million, analysts observed in the latest fund flow report.

According to the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research), as the market reopened last Monday, foreign investors sold RM41.54 million net of local equities, with retailers and local institutions both as net buyers and net sellers to the tune of RM60.65 million and RM18.91 million respectively.

“Foreign investors were net sellers every day except on Wednesday,” MIDF Research said.

“Largest foreign outflow was recorded on Tuesday at RM94.58 and the smallest outflow was on Monday at RM41.54 million.

“The only inflow recorded on Wednesday is to the tune of RM151.59 million.”

MIDF Research highlighted that for the retailers, they were net buyers every day except on Wednesday.

The research arm noted that largest net buying by the retailers was recorded on Monday at RM60.45 million

Foreign investors were net sellers every day except on Wednesday. MIDF Research

and smallest net buying was on Thursday at RM7.87 million.

It also noted that cumulatively, for the week, retailers net bought RM88.84 million worth of equities in Bursa Malaysia.

“Meanwhile, local institutions cumulative weekly outflow was to the tune of RM10.92 million.

“The biggest net buying was on Tuesday at RM50.69 million while the smallest net buying was on Thursday at RM35.64 million.

“The biggest net selling happened on Wednesday at RM114.54 million.”

MIDF Research further highlighted that since the beginning of 2021, cumulatively, retailers have been the only net buyers of Malaysia’s equity market to the tune of RM5.41 billion.

The research arm recapped that local institutions and foreign investors were net sellers to the tune of RM3.64 billion and RM1.77 billion, respectively.

In terms of participation, the retail investors, local institutions and foreign investors recorded a weekly decrease of seven per cent, 9.77 per cent and 7.21 per cent respectively in average daily trade value (ADTV).

Overall, Public Bank Bhd registered the highest net money inflow of RM3.5 milion last week, followed by Kuala Lumpur Kepong Bhd with the second highest net money inflow of RM3.25 million.

Top Glove Corporation Bhd saw the third highest net money inflow of RM3.18 million.

As for outflows, Serba Dinamik Holdings Bhd saw the largest net money outflow of RM4.24 million last week.

Axiata Group Bhd recorded the second largest net money outflow RM3.17 million during the week under review while Petronas Gas Bhd registered the third largest net money outflow of RM2.02 million in the review week.