FOREIGN investors remained net sellers on Bursa Malaysia for the four-day trading week (July 20 was the Hari Raya Haji public holiday) ended July 23 with an outflow amounting to -RM147.87 mil.
This was the fifth consecutive week of net selling by the foreign investors. Nevertheless, the pace of net selling by foreign investors have been down-trending, according to MIDF Research.
“Last week’s net selling was -17.6% week-on-week less than the previous week,” observed the research house in its weekly fund flow report.
As the market re-opened last Monday (July 19), foreign investors were net buyers amounting to RM7.97 mil alongside retailers who mopped up RM98.02 mil net of shares while local institutions were net sellers with -RM105.99 mil.
However, the tide changed with foreign investors being net sellers on Wednesday (July 21) and Friday (July 23).
The largest foreign outflow was recorded on Wednesday (July 21) with the smallest outflow on Friday (July 23) to the tune of -RM146.95 mil and -RM41.61 mil respectively. Meanwhile, the largest net buying was on Thursday (July 22) which amounted to RM32.72 mil.
As for the retailers, they were net buyers every day of last week. Their largest net buying was recorded on Monday (July 19) at RM98.02 mil while their smallest net buying was on Friday (July 23) to the tune of RM6.98 mil.
Cumulatively, retailers net bought +RM154.68 mil worth of equities in the local bourse during the week while local institutions recorded cumulative weekly net selling amounting to -RM6.80 mil.
Local institutions were net sellers on Monday (July 19) and Thursday (July 22) with the largest net selling on Monday (July 19) to the tune of -RM105.99 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers on Bursa Malaysia to the tune of RM8.71 bil. Local institutions and foreign investors are net sellers to the tune of -RM3.75 bil and -RM4.96 bil respectively.
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly movement of 10.82%, 16.58% and 11.38% respectively in average daily trade value (ADTV).
In comparison with three other Southeast Asian markets tracked by MIDF Research last week, Thailand posted the biggest outflow at US$188.67 mil followed by Malaysia (US$34.92 mil), while both Indonesia and the Philippines recorded inflows of US$75.31 mil and US$61.84 mil respectively.
The top three stocks with the highest net money inflow last week were Genting Bhd (RM4.52 mil), CIMB Group Holdings Bhd (RM4.42 mil) and Top Glove Corp Bhd (RM2.57 mil). – July 26, 2021
