FOREIGN fund inflow into Bursa Malaysia continued for the sixth consecutive week with a much moderated rate of RM244.6 mil for the week ended Aug 26 from RM615.5 mil in the week prior.
Foreign investors were net buyers for every session of the week except on Wednesday (Aug 24) when they turned net sellers at a rate of -RM90.5 mil, according to MIDF Researrch.
“They were net buyers on Monday (Aug 22) and Tuesday (Aug 23) at RM56.2 mil and RM14.2 mil as well as on Thursday (Aug 25) and Friday (Aug 26) at RM193 mil and RM71.7 mil respectively,” the research house pointed out in its weekly fund flow report.
Meanwhile, local institutions remained net sellers at -RM286.2 mil last week for the seventh consecutive week. They had been net sellers for every trading session since Aug 3 before briefly turning net buyers on Wednesday (Aug 24) at RM24.3 mil.
They were net sellers again on Thursday (Aug 25) and Friday (Aug 26) at RM114.3 mil and RM63.5 mil respectively. Earlier on Monday (Aug 22), they net sold -RM92.4 mil and -RM40.4 mil on Tuesday (Aug 23).
Elsewhere, local retailers maintained their net buying spree for the third week in a row with net buying of RM41.7 mil. They bought RM128.6 mil net from Monday (Aug 22) to Wednesday (Aug 24) before net selling -RM87 mil over the next two days.
The top three sectors which saw net inflows by foreign investors were financial services, telecommunications and utilities at RM333.7 mil, RM49.5 mil and RM39.9 mil respectively.
Meanwhile, the top three sectors with net outflows were technology at -RM87.8 mil, healthcare (-RM73.1 mil) and industrial products and services (-RM25.3 mil).
To date, international funds have been net buyers for 23 out of the 34 weeks of 2022 with a total net inflow of RM7.97 bil. Local institutions were net sellers for 27 out of 34 weeks with a total net outflow of –RM9.76 bil while local retailers have been net buyers for 22 out of 34 weeks of 2022. Year-to-date, they have been net buyers at RM1.8 bil.
In terms of participation, there was a decline in average daily trade value (ADTV) across the board, led by -8.9% among local institutions, retailers (-2.97%) and foreign investors (-0.9%).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Thailand again posted the highest net inflow by foreign funds at US$259.51 mil followed by Indonesia (US$119.93 mil), Malaysia (US$54.72 mil) while the Philippines encountered an outflow of RM54.72 mil).
The top three stocks with the highest net money inflow last week were Telekom Malaysia Bhd (RM3.58 mil), Kuala Lumpur Kepong Bhd (RM1.65 mil) and Tenaga Nasional Bhd (RM1.58 mil). – Aug 29, 2022
