FOREIGN investors have maintained their clout as net buyers for the week ended April 8 with net inflow amounting to RM312.40 mil.
On the contrary, both local institutions and local retailers remained as net sellers during the week with outflow of -RM303.19 mil and -RM9.22 mil respectively.
“International funds have been net buyers for nine consecutive weeks now with net inflows recorded in 12 out of the first 14 weeks of 2022,” observed MIDF Research in its weekly fund flow report. “The total net inflow for the nine weeks amounted to RM6.67 bil while the year-to-date (YTD) net inflow stands at RM6.97 bil.”
Foreign investors were net buyers for every trading session last week with the largest being on Monday (April 4) at RM93.34 mil and the smallest on Thursday (April 7) at RM17.38 mil.
Meanwhile, local institutions remained net sellers with the largest selling occurring on Wednesday (April 6) at -RM95.49 mil while the smallest outflow happened on Friday (April 8) at -RM30.08 mil.
As for local retailers, their movement was rather mixed last week with three days of net selling and two days of net buying, culminating in a net selling position for the week at -RM9.21 mil.
YTD, local institutions are net sellers to the tune of -RM7.38 bil while local retailers and foreign investors remain net buyers at RM410,000 and RM7 bil respectively.
In terms of participation, local institutions and local retailers saw an increase in average daily trade value (ADTV) by +13.50% and 13.66% respectively while foreign investors recorded a decline of -10.39%.
The most favoured sectors by foreign investors last week continued to be financial services, industrial product and services, and plantation. The three sectors posted net inflows of RM329.9 mil, RM57.3 mil and RM45.1 mil respectively
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia recorded the largest net inflow with US$291.73 mil followed by Malaysia (US$74.09 mil) and Thailand (US$55.5 mil) while the Philippines incurred a net outflow of US$18.27 mil thus extending its losing streak for the fifth consecutive week.
The top three stocks with the highest net money inflow last week were Petronas Chemicals Group Bhd (RM8.99 mil) followed by Tenaga Nasional Bhd (RM3.93 mil) and Press Metal Aluminium Holdings Bhd (RM1.88 mil). – April 11, 2022
