AFTER having resumed a net buying position a week prior, foreign investors off-loaded RM365.7 mil of their shareholding from Bursa Malaysia during last week’s two trading sessions on Thursday (May 5) and Friday (May 6).
To re-cap, the local bourse was closed for trading from Monday (May 2) to Wednesday (May 4) in view of the Hari Raya Aidifitri festivities and the Labour Day replacement holiday.
“Local retailers remained net buyers for the fourth consecutive week at RM202.8 mil while local institutions snapped their net selling streak for 12 weeks with a net buying position of RM162.9 mil last week (week ended May 6),” MIDF Research pointed out in its weekly fund flow report.
To date, international funds have been net buyers for 14 out of the 18 weeks of 2022 with a total net inflow of RM6.92 bil. They were net sellers on both trading days – RM143.1 mil on Thursday (May 5) and RM222.6 mil on Friday (May 6).
On the contrary, local institutions were net buyers on both days with RM71.9 mil on Thursday (May 5) and RM91.1 mil on Friday (May 6). They have been net sellers for 15 out of 18 weeks this year. To date, they have sold RM7.8 bil of equities.
Meanwhile, local retailers were also net buyers on both trading days, recording RM71.3 mil on Thursday (May 5) and RM131.5 mil on Friday (May 6). Year-to-date (YTD), local retailers have been net buyers at RM875.5 mil.
In terms of participation, foreign investors saw an increase in the average daily trade value (ADTV) by 63.18%. Local retailers saw an increase of 4.29% while local institutions saw a decline of -9.14%.
In comparison with three other Southeast Asian markets tracked by MIDF Research last week, Malaysia posted the biggest outflow at US$83.89 mil followed by Thailand (US$73.95 mil) and the Philippines (US$69.37 mil).
There was no movement for Indonesia as the country observed the entire week as national public holidays in conjunction with the Hari Raya Aidilfitri celebrations.
The top three stocks with the highest net money inflow last week were Hengyuan Refining Company Bhd (RM4.29 mil), Hong Leong Bank Bhd (RM3.91 mil) and RHB Bank Bhd (RM2.63 mil). – May 9, 2022
