THE trend of foreign fund outflows continued on Bursa Malaysia for the sixth consecutive week last week with only -RM28 mil (week ended July 8: RM120.55 mil) trickling out on a shorten trading week due to the Hari Raya Haji public holiday on Monday (July 11).
Foreigners were net buyers on Tuesday (July 12) and Thursday (July 14) at RM21.9 mil and RM49.6 mil respectively, cushioning the outflows of -RM81.9 mil on Wednesday (July 13) and -RM17.6 mil on Friday (July 15), according to MIDF Research.
Elsewhere, local institutions turned net sellers again at a rate of -RM25.1 mil after being net buyers for a brief two weeks.
“They were net sellers of -RM60.4 mil on Tuesday (July 12) and -RM48.5 mil on Thursday (July 14) which this was softened by net buyings on Wednesday (July 13) and Friday (July 15) at RM47.9 mil and RM36 mil respectively,” observed the research house in its weekly fund flow report.
Meanwhile, local retailers maintained their net buying spree for the sixth consecutive week with a net buying RM53.1 mil. They net bought RM72.5 mil worth of equities on Tuesday (July 12) and Wednesday (July 13) before net selling RM19.5 mil over the next two days.
The top three sectors which saw net outflows by foreign investors were industrial products & services (-RM51.7 mil), technology (-RM40.4 mil) and plantation (-RM22.3 mil) while the top three sectors with net inflows were healthcare, financial services and consumer products & services with RM71.7 mil, RM35.5 mil and RM16.6 mil respectively.
To date, international funds have been net buyers for 17 out of the 28 weeks of 2022 with a total net inflow of RM5.94 bil. Local institutions were net sellers for 21 out of 28 weeks with a total net outflow of -RM7.84 mil while local retailers have been net buyers for 19 out of 28 weeks of 2022. Year-to-date (YTD), their net buying stands at RM1.9 bil.
In terms of participation, there was a decline in average daily trade value (ADTV) among all investor classes. Retail investor saw a decline of -26.26% while institutional and foreign investors saw a decrease in ADTV by -25.51% and -25.94% respectively.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, all four markets posted a net outflow with Indonesia having recorded the highest at US$108.64 mil followed by the Philippines (US$34.7 mil), Thailand (US$30.81 mil) and Malaysia (US$6.31 mil).
The top three stocks with the highest net money inflow last week were Press Metal Aluminium Holdings Bhd (RM3.98 mil) followed by Hong Leong Bank Bhd (RM1.57 mil) and Sime Darby Plantation Bhd (RM960,000). – July 18, 2022
