Foreign investors turned net buyers every day last week
KUCHING: Foreign investors were net buyers of Malaysian equities last week at a rate of RM425.62 million, after briefly turning net sellers the week prior.
According to the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research), they were net buyers for every day of the week, with the largest inflows seen on Thursday and Friday at RM97.42 million and RM105.96 million respectively.
“Monday, Tuesday and Wednesday saw net inflows of RM89.89 million, RM55.77 million and RM76.57 million,” MIDF Research said.
“The top three sectors which saw net inflows by foreign investors last week were Financial Services at RM137.6 million, Consumer Products and Services at RM133 million and Healthcare at RM70.4 million.
“Meanwhile, the three sectors with net outflows were Construction at RM10.2 million, Transportation and Logistics at RM4 million and real estate investment trusts (REITs) at RM1.4 million.”
MIDF Research gathered that on the flip side, local institutions turned net sellers to the tune of -RM252.04m, after briefly turning net buyers the week before.
“They were net sellers from Monday to Thursday before net buying RM10.01m on Friday.
“The net selling amounted to RM82.67 million on Monday, RM36.93 million on Tuesday, RM63.7 million on Wednesday and RM78.75 million on Thursday.”
The research arm recapped that local retailers were also net sellers for the week, net selling RM173.57 million.
It also recapped that they net sold every day of the week, with the heaviest outflow on Friday at RM115.97 million.
“They also net sold RM7.22 million on Monday, RM18.84 million on Tuesday, RM12.87 million on Wednesday and RM18.67 million on Thursday.”
MIDF Research went on to highlight that international funds have been net buyers for 26 out of the 45 weeks of 2022, with a total net inflow of RM6.18 billion.
“Local institutions were net sellers for 31 out of 45 weeks, with a total net outflow of RM8.14 billion.
“Local retailers have been net buyers for 28 out of 45 weeks. Year-to-date, they have been net buyers at RM1.96 billion.”
MIDF Research noted that in terms of participation, there was an increase among local retailers and local institutions by 3.15 per cent and 1.4 per cent respectively.
The research arm further noted that as for foreign investors, there was a decline of 7.21 per cent.
“We foresee stronger market participation this week as investors are expected to take positions in view of the upcoming general election on Saturday and the upcoming semi-annual review of the FBM KLCI.”
Overall, Public Bank Bhd recorded the highest net money inflow for the week ended Nov 11, 2022 at a rate of RM7.77 million, followed by Malayan Banking Bhd (Maybank) with the second highest net money inflow of RM7.29 million. Petronas Chemicals Group Bhd had the third highest net money inflow at RM6.31 million.
On outflows, Kuala Lumpur Kepong Bhd saw the largest net money outflow of RM4.34 million last week.
IHH Healthcare Bhd recorded the second largest net money outflow RM2.77 million during the week under review while Hartalega Holdings Bhd came in third with an outflow of RM2.55 million during the week.