THE trend of foreign fund outflow on Bursa Malaysia has stretched to the fifth consecutive week last week (week ended July 8) with foreign investors net sold -RM120.6 mil of equities or about one-third of the-RM320.3 mil disposed of in the previous week.
Foreign investors were net sellers for three out of the five trading sessions except on Tuesday (July 5) and Friday (July 8) when they net bought RM13.7 mil and RM11.4 mil, according to MIDF Research.
“The heaviest outflow observed was on Monday (July 4) at -RM79.4 mil,” the research house pointed out in its weekly fund flow report.
However, local institutions remained as net buyers for the second consecutive week after mopping up RM29.9 mil last week. They were net buyers on Monday (July 4) at RM50.2 mil but turned to net sellers on Tuesday (July 5) at -RM22.2 mil.
Nevertheless, they turned to net buyers again on Wednesday (July 6) and Thursday (July 7) to the tune of RM5.32 mil and RM600,000 respectively before becoming net sellers at the close of the week at -RM4.0 mil.
Meanwhile, local retailers were on a net buying spree last week except on Friday (July 8) when they net sold -RM7.4 mil worth of equities. Their highest net buying was recorded on Wednesday at RM55.9 mil.
To date, international funds have been net buyers for 17 out of the 27 weeks of 2022 with a total net inflow of RM5.95 bil while local institutions were net sellers for 20 out of 27 weeks with a total net outflow of -RM7.78 bil.
On the other hand, local retailers have been net buyers for 18 out of 27 weeks of 2022. Year-to-date (YTD), they have been net buyers at RM1.83 bil.
On a sectoral basis, industrial products and services, technology and transportation sectors posted the highest net outflow last week at -RM44.6 mil, -RM42.5 mil and -RM32.6 mil respectively.
The top three sectors (out of four) with the highest net inflow were financial services (RM20.6 mil), healthcare (RM16.4 mil) and plantation (RM8.8 mil).
In terms of participation, foreign investors, institutional investors, and retailers saw declines in average daily trade value of -18.2%, -21.0% and -14.2% respectively.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Thailand again was the only market which posted a net inflow with US$36.62 mil while Indonesia again had the highest net outflow at US$169.23 mil followed by Malaysia (US$27.29 mil) and the Philippines (US$26.18 mil).
The top three stocks with the highest net money inflow last week were IHH Healthcare Bhd (RM3.71 mil) followed by Petronas Chemicals Group Bhd (RM3.13 mil) and RHB Bank Bhd (RM1.09 mil). – July 12, 2022
