Foreign investors remained net buyers last week
KUCHING: Foreign investors remained net buyers which saw net inflow amounting to RM125.97 million, analysts gathered in the latest fund flow report.
According to the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research), this was the sixth consecutive week of net buying by the foreign investors.
“As the market reopened last Monday, foreign investors were net buyers amounting to RM58.39 million,” MIDF Research said.
“Retailers followed with net buying of RM63.5 million.
“Meanwhile, local institutions were net sellers to the tune of RM121.89 million.”
MIDF Research recapped that foreign investors were net buyers for everyday of the week except on Friday.
The research arm noted that the largest foreign inflow was recorded on Wednesday with the smallest inflow on Monday to the tune of RM76.96 million and RM58.39 million respectively.
“The net selling by foreign investors on Friday amounted to RM72.65 million.”
MIDF Research highlighted that for the retailers, they were net buyers for everyday.
“Largest net buying by the retailers was recorded on Friday and smallest net buying was on Wednesday to the tune of RM81.57 million and RM6.97 million respectively.
“Cumulatively, for the week, retailers net bought RM211.55 million worth of equities in Bursa.”
As for local institutions, MIDF Research noted that they recorded cumulative weekly net selling to the tune of RM337.92 million.
“Local institutions were net sellers for everyday of the week with largest net selling on Tuesday to the tune of RM123.18 million, while the lowest was on Friday (RM8.92 million).
“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM10.04 billion.
“Local institutions and foreign investors were net sellers to the tune of RM6.38 billion and RM3.66 billion, respectively.”
The research arm further noted that in terms of participation the retail investors, local institutions and the foreign investors recorded a weekly movement of 4.67 per cent, -6.08 per cent and 45.97 per cent respectively in average daily trade value (ADTV).
Overall, Malayan Banking Bhd (Maybank) registered the highest net money inflow of RM7.18 million last week, followed by Top Glove Corporation Bhd with the second highest net money inflow of RM3.93 million.
IHH Healthcare Bhd saw the third highest net money inflow of RM3.31 million.
On outflows, Tenaga Nasional Bhd saw the largest net money outflow of RM6.67 million last week.
Petronas Chemicals Group Bhd recorded the second largest net money outflow RM3.62 million during the week under review.
Genting Malaysia Bhd registered the third largest net money outflow of RM2.75 million in the review week.