Foreign investors continue to be net sellers last week

KUCHING: Foreign investors continue to be net seller of Malaysian equities for the week ended on May 7, which saw outflow amounting to RM336.37 million, lower than the previous week, analysts observe in the latest fund flow report.

The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) gathered that as the market reopened last Monday, foreign investors sold RM153.18 million net of local equities, with retailers and local institutions both as net buyers to the tune of RM36.72 million and RM116.45 million respectively.

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

“Largest foreign outflow was recorded on Wednesday at RM155.35 million and the smallest outflow was on Wednesday at RM1.46 million. The only inflow recorded amounted to RM11.92 million.”

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

“Largest net buying by the retailers was recorded on Thursday at RM143.39 million and smallest net buying was on Friday at RM28.84 million. Cumulatively, for the week, retailers net bought RM325.65 million worth of equities in Bursa.”

The research arm also highlighted that local institutions cumulative weekly inflow was to the tune of RM10.72 million.

It noted that the biggest net buying was on Monday at RM116.45 million.

“Meanwhile, the biggest net selling happened on Thursday at RM105.08 million.”

MIDF Research recapped that since the beginning of 2021, cumulatively, retailers have been the only net buyers of Malaysian equity market to the tune of RM6.33 billion.

It gathered that local institutions and foreign investors were net sellers to the tune of RM3.13 billion and

RM3.21 billion, respectively.

“In terms of participation, the retail investors recorded a weekly decrease of 10.23 per cent, while local institutions and foreign investors recorded a weekly increase of 13.77 per cent and 24.08 per cent respectively in average daily trade value (ADTV).”

Overall, Kuala Lumpur Kepong Bhd registered the highest net money inflow of RM1.36 million last week, followed by Westports Holdings Bhd with the second highest net money inflow of RM1 million.

Hong Leong Bank Bhd saw the third highest net money inflow of RM0.96 million. On outflows, Top Glove Corporation Bhd saw the largest net money outflow of RM11.35 million last week.

Petronas Chemicals Group Bhd recorded the second largest net money outflow RM4.12 million during the week under review while Hartalega Holdings Bhd registered the third largest net money outflow of RM3.78 million.