Foreign investors remain net buyers last week

As the market reopened last Monday, foreign investors and local institution were net sellers amounting to RM120.77 million and RM17.88 million respectively.

MIDF Research

KUCHING: Foreign investors remained net buyers for week ended on September 24, which saw net inflow amounting to RM15.85 million, analysts gather in its latest fund flow report.

The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) saw that this was the seventh consecutive week of net buying by the foreign investors.

“As the market reopened last Monday, foreign investors and local institution were net sellers amounting to RM120.77 million and RM17.88 million respectively,” MIDF Research said.

“Meanwhile, retailers were net buyers to the tune of RM138.65 million. Foreign investors were net buyers for majority of the week except on Monday and Friday.

“Largest foreign inflow was recorded on Thursday with the smallest inflow on Wednesday to the tune of RM117.45 million and RM25.32 million respectively.”

On the retailers, MIDF Research gathered that they were net buyers for everyday of the week except on Thursday.

The research arm noted that the largest net buying by the retailers was recorded on Monday and smallest net buying was on Wednesday to the tune of RM138.65 million and RM2.79 million respectively.

“Cumulatively, for the week, retailers net bought RM242.78 million worth of equities in Bursa.

“Meanwhile, local institutions recorded cumulative weekly net selling to the tune of RM258.64 million.”

MIDF Research noted that local institutions were net sellers for everyday of the week except on Friday, with largest net selling on Tuesday to the tune of RM159.9 million, while the only inflow was on Friday amounted to RM51.02 million.

“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM10.28 billion.

“Local institutions and foreign investors were net sellers to the tune of RM6.64 billion and RM3.64 billion, respectively.”

The research arm also noted that in terms of participation the retail investors, local institutions and the foreign investors recorded a weekly movement of 7.77 per cent, 13.73 per cent and -31.26 per cent respectively in average daily trade value (ADTV).