FOREIGN investors have remained net sellers of Malaysian equities for the week ended April 2 which saw an outflow amounting to -RM173.24 mil.
As the market reopened last Monday (March 29), foreign investors bought +RM89.8 mil net of local equities with retailers and local institutions being net buyers and net sellers to the tune of +RM30.30 mil and -RM120.10 mil respectively.
According to MIDF Research, the only outflow recorded from foreign investors was on Wednesday (March 31) to the tune of -RM337.59 mil.
“Foreign investors were net buyers every day except on Wednesday (March 31),” observed the research house in its weekly fund flow report. “However, the inflow was still insufficient to reverse the outflow on mid-week.”
All-in-all, the largest foreign inflow was recorded on Monday (March 29) with the smallest on Thursday (April 1) at +RM7.03 mil.
As for the retailers, they were net buyers during the first half of the week and net sellers on the other half.
Their largest net buying was recorded on Wednesday (March 31) at +RM224.59 mil while their largest net selling was on Friday (April 2) at -RM33.01 mil.
Cumulatively, retailers net bought +RM331.98 mil worth of equities in Bursa during the week.
Meanwhile, local institutions cumulatively net sold to the tune of -RM158.76 mil during the week. Their biggest net buying was on Wednesday (March 31) at +RM113 mil while their smallest was on Thursday (April 1) at +RM1.78 mil.
The biggest net selling happened on Tuesday (April 1) at -RM147.60 mil.
Since the beginning of 2021, retailers are the only net buyers on Bursa Malaysia to the tune of RM5.32 bil cumulatively while both local institutions and foreign investors were net sellers to the tune of -RM3.63 bil and -RM1.69 bil respectively.
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly decrease of -4.49%, -0.32% and -18.78% respectively in their average daily trade value (ADTV).
In comparison to another three Southeast Asian markets tracked by MIDF Research last week, Thailand continued to post a net inflow of +US$1.1 bil followed by the Philippines with US$902.18 mil while Indonesia and Malaysia succumbed to a net outflow of US$945.22 mil and US$41.77 mil respectively.
The top three stocks with the highest net money inflow last week were Public Bank Bhd (RM6.9 mil), AMMB Holdings Bhd (RM2.52 mil) and Bursa Malaysia Bhd (RM2.37 mil). – April 5, 2021
