FOREIGN investors and local retailers were net buyers on Bursa Malaysia for the week ended March 25 which saw total net inflows amounting to RM565.6 mil of which the foreign fund portion stood at RM525.8 mil.
International funds have been net buyers on the local bourse for 10 out of the first 12 weeks of 2022, amassing a net inflow of RM6.12 bil year-to-date, according to MIDF Research.
“Foreign investors turned net sellers with -RM8.6 mil on Monday (March 21) when the market re-opened last week, ending their 30-day streak of net buying but turned net buyers again for remainder of the week,” observed the research house in its weekly fund flow report.
The largest net inflows from foreign investors were on Thursday (March 24) with RM176.5 mil followed by Tuesday (March 22) (RM134.3 mil) and Friday (March 25) (RM114.5 mil).
Local institutions who have been strong net sellers ended their 31-day net selling streak on Monday (March 21) with a net buy of RM58.3 mil before turning net sellers again from Tuesday (March 22) to Friday (March 25).
The largest net outflow was on Tuesday (March 22) with -RM225.2 mil followed by Thursday (March 24) (-RM191.7 mil) and Wednesday (March 23) (-RM105 mil). Overall, local institutions were net sellers with -RM565.63 mil.
As for local retailers, their movement was rather mixed last week with three days of net selling and two days of net buying, culminating in a net buying position for the week at RM39.9 mil.
They were net sellers on Monday (March 21) with -RM49.8 mil, Wednesday (March 23) (-RM4 mil) and Friday (March 25) (-RM12.4 mil) before turning net buyers on Tuesday (March 22) with RM90.94 mil and Thursday (March 24) (RM15.21 mil).
Year-to-date (YTD), local institutions are the biggest net sellers to the tune of RM6.61 bil while local retailers have been net buyers with RM492.8 mil.
In terms of participation, only local institutions saw an increase in average daily trade value (ADTV) by +5.74%. Foreign investors and local institutions recorded declines of -61.77% and -8.87% respectively.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia raked in the biggest inflow with US$281.6 mil followed by Thailand (US$149.80 mil) and Malaysia (US$124.60 mil) while the Philippines incurred net outflows amounting to US$120.58 mil, extending its losing streak for the third consecutive week.
The top three stocks with the highest net money inflow last week were Press Metal Aluminium Holdings Bhd (RM2.38 mil), IHH Healthcare Bhd (RM2.23 mil) and Public Bank Bhd (RM1.46 mil). – March 28, 2022
