BOOSTED by Malaysia’s upbeat export data, foreign investors remained net buyers on Bursa Malaysia for the week ended Feb 18, with a net inflow amounting to RM955.85 mil.
This was the second consecutive week of net inflow into Malaysia. So far in 2022, international funds have been net buyers on Bursa for five out of seven weeks.
“Net buying by foreign investors last week was also the highest so far for the year,” observed MIDF Research in its weekly fund flow report. “Overall, retailers and local institutions were net sellers at -RM42.02 mil and -RM913.85 mil respectively for the seventh week of 2022.”
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly movement of +17.14%, +33.07% and +4.31% respectively in average daily trade value (ADTV).
The top three sectors with the highest net inflow by foreign investors last week were financial services with RM311.6 mil, industrial products and services (RM270.3 mil), and plantation (RM242.8 mil).
Sectors with net outflow were healthcare (-RM18.9 mil), technology (-RM11.4 mil) and property (-RM6.4 mil).
For the financial services sector, the top three counters with highest traded value by foreign investors were Public Bank Bhd, CIMB Group Holdings Bhd and Malayan Banking Bhd (Maybank).
For the industrial products and services sector, the top three counters with the highest value traded among foreign investors were Press Metal Aluminium Holdings Bhd, Petronas Chemicals Group Bhd and Hap Seng Consolidated Bhd.
As for the plantation sector, the top three counters with highest traded value by foreign investors were Kuala Lumpur Kepong Bhd (KLK), Sime Darby Plantation Bhd and IOI Corp Bhd.
“On a year-to-date basis, we observe RM2.01 bil in net inflows from foreign investors,” noted MIDF Research. “Meanwhile, retailers and local institutions were net sellers to the tune of -RM400,000 and -RM1.97 bil respectively.”
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Thailand again recorded the highest net inflow at US$343.2 mil followed by Indonesia (US$265.02 mil) and Malaysia (US$228.34 mil) while the Philippines posted a net outflow of -US$27.65 mil.
The top three stocks with the highest net money inflow last week were KLK (RM8.54 mil), Press Metal (RM6.09 mil) and IOI Corp (RM5.93 mil). – Feb 21, 2022
