Foreign investors net buyers for the week, RM536.5mln inflow

KUCHING: Only foreign investors were net buyers for week ended April 1, which saw total net inflows amounting to RM536.5 million, analysts gathered in a fund flow report.

According to the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research), local retailers turned net sellers for the week at RM72.74 million.

“International funds have been net buyers on Bursa for 11 out of the first 13 weeks of 2022, with a net inflow of RM6.66 billion year-to-date,” MIDF Research said.

“Foreign investors were net buyers for all the trading days last week, with the largest being on Friday at RM194.8 million and the smallest on Tuesday at RM30.7 million.”

Meanwhile, MIDF Research recapped that local institutions remained net sellers with the largest selling being on Monday at RM138.2 million and smallest selling on Wednesday at RM51.4 million.

“Overall, local institutions were net sellers at RM463.75 million.”

As for local retailer movements, the research arm noted that these were rather mixed last week with three days of net selling and two days of net buying, culminating with a net selling position for

International funds have been net buyers on Bursa for 11 out of the first 13 weeks of 2022, with a net inflow of RM6.66 billion year-to-date.

MIDF Research

the week at RM72.74 million.

It further noted that they were net sellers on Wednesday at RM36.12 million, Thursday at RM30.56 million and Friday at RM80.96 million and net buyers on Monday (RM17.39 million) and Tuesday (RM57.51 million).

“The most favoured sectors by foreign investors last week continued to be financial services, plantation and industrial product and services.

“These saw net inflows of RM335.6 million, RM100.4 million and RM54.6 million respectively.”

On local institution’s net buys, MIDF Research highlighted that these were only the healthcare and construction sectors with RM62.8 million and RM4 million respectively.

“Year-to-date, local institutions are net sellers to the tune of RM7.08 billion while local retailers and foreign investors have been net buyers at RM0.42 billion and RM6.7 billion, respectively.

“In terms of participation, only foreign investors saw an increase in average daily trade value (ADTV) by 5.95 per cent.

“Local institutions and local retailers recorded declines of 20.47 per cent and 13.49 per cent respectively.”

Overall, IHH Healthcare Bhd registered the highest net money inflow of RM5.27 million last week, followed by Press Metal Aluminium Holdings Bhd with the second highest net money inflow of RM5.06 million.

Petronas Chemicals Group Bhd saw the third highest net money inflow of RM4.79 million.

On outflows, CIMB Group Holdings Bhd saw the largest net money outflow of RM9.34 million last week.

Public Bank Bhd recorded the second largest net money outflow RM3.82 million during the week under review while United Plantations Bhd registered the third largest net money outflow of RM2.66 million.