Foreign investors turn net buyers again
KUCHING: Foreign investors turned net buyers again after a week of net selling the previous week, analysts gather in the latest fund flow report.
The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) recapped that net inflows from them summed up to RM56.9 million for the week ended May 13.
“Local retailers remained net buyers for the fifth consecutive week at RM234.8 million while local institutions turned net sellers after a week of net buying with a net selling position of RM291.8 million last week,” MIDF Research noted.
“To date, international funds have been net buyers for 15 out of the 19 weeks of 2022, with a total net inflow of RM6.98 billion.
“They were net sellers on Wednesday and Thursday, at RM2.08 million and RM145.2 million, respectively.”
MIDF Research highlighted that local institutions were net sellers on all the trading days of the week, except on Thursday where they were net buyers to the tune of RM41.38 million.
“The highest net selling was recorded on Tuesday at RM200.67 million, and the smallest net selling on Wednesday at RM40.44 million.
“They have been net sellers for 16 out of 19 weeks this year. To date, they have sold RM8.1 billion of equities.”
The research arm also highlighted that local retailers were net buyers on all trading days of the week with the highest net buying on Thursday at RM103.83 million, and small net buying on Tuesday, at RM21.34 million.
“In terms of participation, foreign investors saw a decrease in the average daily trade value (ADTV) by 24.76 per cent.
“Local retailers saw a decline of 6.9 per cent while local institutions saw an increase of 9.49 per cent.”
Overall, Hengyuan Refining
Company Bhd registered the highest net money inflow of RM3.92 million last week, followed by Sime Darby Plantation Bhd with the second highest net money inflow of RM2.47 million.
RHB Bank Bhd saw the third highest net money inflow of RM2.44 million.
On outflows, Malayan Banking Bhd (Maybank) saw the largest net money outflow of RM3.96 million last week.
CIMB Group Holdings Bhd recorded the second largest net money outflow RM3.73 million during the week under review while Public Bank Bhd registered the third largest net money outflow of RM3.48 million.