FOREIGN investors were the only net buyers on the local bourse for the week ended April 1, with a net inflow amounting to RM536.5 mil, while local retailers turned net sellers for the week with an outflow of -RM72.74 mil.
This has enabled international funds to remain net buyers on Bursa Malaysia for 11 out of the first 13 weeks of 2022 with a net inflow of RM6.66 bil year-to-date, according to MIDF Research.
“Foreign investors were net buyers during all the trading days last week with the largest being on Friday at RM194.8 mil (April 1) and the smallest on Tuesday (March 29) at RM30.7 mil,” observed the research house in its weekly fund flow report.
Local institutions remained net sellers with their largest selling occurring on Monday (March 28) at -RM138.2 mil while the smallest was on Wednesday (March 30) at -RM51.4 mil. Overall, local institutions were net sellers with an outflow of -RM463.75 mil during the week.
Local retailers had a rather mixed movement last week with three days of net selling and two days of net buying, culminating in a net selling position of -RM72.74 mil for the week.
They were net sellers on Wednesday (March 30) at -RM36.12 mil, Thursday (March 31) at -RM30.56 mil and Friday (April 1) at -RM80.96 mil. However, they were net buyers on Monday (March 28) with inflow of RM17.39 mil and Tuesday (March 29) with RM57.51 mil.
The most favoured sectors by foreign investors last week continued to be financial services, plantation, and industrial product and services which saw net inflows of RM335.6 mil, RM100.4 mil and RM54.6 mil respectively.
Meanwhile, local institution’s net buying was centred only on the healthcare and construction sectors with RM62.8 mil and RM4 mil, respectively.
Year-to-date, local institutions are net sellers to the tune of RM7.08 bil while foreign investors and local retailers have remained net buyers with RM6.7 bil and RM420,000 respectively.
In terms of participation, only foreign investors saw an increase in average daily trade value (ADTV) by +5.95%. Local institutions and local retailers recorded declines of -20.47% and -13.49% respectively.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Thailand recorded the largest net inflow with US$371.2 mil, followed by Indonesia and Malaysia with US$320.6 mil and US$127.4 mil respectively, while the Philippines incurred net outflow amounting to US$10.47 mil, thus extending its losing streak for the fourth consecutive week.
The top three stocks with the highest net money inflow last week were IHH Healthcare Bhd (RM5.27 mil) followed by Press Metal Aluminium Holdings Bhd (RM5.06 mil) and Petronas Chemicals Group Bhd (RM4.79 mil). – April 4, 2022
