FOREIGN investors remained net buyers on the local bourse for the week ended Nov 12 with net inflow amounting to RM359.14 mil. This was the sixth week of net inflow by foreign investors.
As the market reopened last Monday (Nov 8), local institutions and retailers were net sellers and net buyers respectively to the tune of -RM142.56 mil and RM13.32 mil while foreign investors were net buyers amounting to RM129.24 mil.
“Foreign investors were net buyer for most part of the week except on Tuesday (Nov 9),” observed MIDF Research in its weekly fund flow report.
The largest foreign inflow was recorded on Friday (Nov 12) with the only outflow on Tuesday (Nov 9) to the tune of RM177.45 mil and -RM47.66 mil respectively.
Meanwhile, retailers were net buyers for every session during the week. The largest net buying by retailers was recorded on Tuesday (Nov 9) while their smallest net buying occurred on Friday (Nov 12) to the tune of RM80.38 mil and RM12.45 mil respectively.
For the week, retailers net bought RM185.75 mil worth of equities on Bursa Malaysia.
On the other hand, local institutions recorded cumulative weekly net selling to the tune of -RM544.49 mil.
They were net sellers during the entire week with their largest net selling on Friday (Feb 12) to the tune of -RM189.90 mil while their smallest net outflow was on Tuesday (Nov 9) at -RM32.72 mil.
Cumulatively, retailers have since the beginning of 2021 been the only net buyers on Bursa Malaysia to the tune of RM11.36 bil. Local institutions and foreign investors remained net sellers with fund outflow of -RM9.61 bil and -RM1.75 bil respectively.
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly movement of -1.70%, -14.66% and -19.91% respectively in terms of average daily trade value (ADTV).
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly movement of -22.04%, -10.17% and 11.25% respectively in average daily trade value (ADTV).
In comparison with three other Southeast Asian markets tracked by MIDF Research last week, only Indonesia recorded an outflow last week at -US$23.50 mil with Thailand raking in the highest inflow at US$103.86 mil followed by Malaysia (US$86.25 mil) and the Philippines (US$23.42 mil).
The top three stocks with the highest net money inflow last week were CIMB Group Holdings Bhd (RM2.7 mil), Public Bank Bhd (RM2.19 mil) and Inari Amerton Bhd (RM2.12 mil) – Nov 15, 2021
