Foreigners net sold RM272m equities ahead of GE15
Foreign investors turned net sellers of Malaysian equities again at RM272 million last week on Bursa Malaysia, a reversal from the net inflow of RM425.6 million in the previous week, according to MIDF Research.
In its weekly fund flow report, it said that it was a shortened trading week following the public holiday granted on Friday to give way for the 15th general election (GE15) last weekend. The net selling started on Tuesday which saw the highest net outflow for the week at RM185.5 million and the trend continued with net outflows of RM79.9 million on Wednesday and RM62.2 million on Thursday.
MIDF said that in contrast, local institutions were net buyers last week with a total net inflow of RM152.5 million with the bulk of it recorded on Tuesday at RM149.9 million and Wednesday at RM39.2 million. Meanwhile, Monday and Thursday saw local institutions net selling RM34.3 million and RM2.3 million worth of equities respectively.
“On the other hand, local retailers turned net buyers last week with a total weekly net inflow of RM119.6 million. This was a positive reversal in comparison with the RM173.6 million net sold in the week prior. Retailers started off the week by net selling RM21.3 million worth of equities.
“They then turned into net buyers for the rest of the week with net inflows of RM35.6 million on Tuesday, RM40.7 million on Wednesday and RM64.6 million on Thursday – the highest for the week,” it said.
In addition, MIDF said that international funds have been net buyers for 26 out of the 46 weeks of this year, with a total net inflow of RM5.91 billion.
Local institutions were net sellers for 31 out of 46 weeks, with a total net outflow of RM7.99 billion. Meanwhile, local retailers have been net buyers for 29 out of 46 weeks of 2022. Year-to-date, they have been net buyers at RM2.08 billion.
In terms of participation, the research house stated that there was a deterioration in terms of average daily trade value by retailer investors (8%), institutional investors (3.3%) and foreign investors (0.1%).