Bursa Malaysia to brace for an escalation in net selling by foreign funds

FOREIGN investors turned net sellers for week ended Dec 3 with a net outflow amounting to -RM550.90 mil on a short trading week following last Friday’s holiday to celebrate KL City’s historic win in the Malaysia Cup.

This was the second week of outflow after seven weeks prior of net inflow (there was a net outflow of RM163.64 mil for the week ended Nov 26), according to MIDF Research.

“As the market reopened last Monday (Nov 29), foreign investors were net buyers to the tune of RM46.53 mil with local institutions and retailers being net sellers amounting to -RM41.55 mil and -RM4.97 mil respectively,” observed the research house in its weekly fund flow report.

Foreign investors were net sellers for every session of the week except on Monday (Nov 29). Their largest foreign outflow was recorded on Wednesday (Dec 1) to the tune of -RM263.83 mil.

Meanwhile, retailers were net buyers for every session of the week except on Monday (Nov 29). Their largest net buying was recorded on Wednesday (Dec 1) at RM164.57 mil while their only net selling amounted to -RM4.97 mil.

For the week, retailers net bought RM394.39 mil worth of equities on Bursa Malaysia.

On the other hand, local institutions recorded a cumulative weekly net buying to the tune of RM156.52 mil.

Local institutions were net buyers for all sessions of the week except on Monday (Nov 29). Their largest net buying on Wednesday (Dec 1) to the tune of RM99.26 mil while their smallest net inflow on Thursday (Dec 2) amounted to RM29.58 mil.

Since the beginning of 2021, retailers have cumulatively been the only net buyers on Bursa Malaysia to the tune of RM12.09 bil while local institutions and foreign investors were net sellers to the tune of -RM9.69 bil and -RM2.40 bil respectively.

In comparison with another three Southeast Asian markets tracked by MIDF Research last week, all markets posted net outflows with Thailand recording –US$338.69 mil followed by Indonesia (-US$223.50 mil), Malaysia (US$130.61 mil) and the Philippines (-US$35.71 mil).

The top three stocks with the highest net money inflow last week were Malayan Banking Bhd (Maybank) (RM3.66 mil), IHH Healthcare Bhd (RM2.51 mil) and IJM Corp Bhd (RM1.27 mil). – Dec 6, 2021

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