FOREIGN investors continued with their buying streak for the third consecutive week during the week ended Oct 22 with an inflow amounting to RM587.61 mil.
As the market reopened last Monday (Oct 18), local institutions and retailers were net sellers amounting to -RM215.79 mil and -RM22.20 mil respectively while foreign investors were net buyers to the tune of RM237.99 mil.
“Excluding the public holiday on Tuesday (Oct 19), foreign investors were net buyers for every day of the week,” observed MIDF Research in its weekly fund flow report.
Their largest foreign inflow was recorded on Wednesday (Oct 20) with the smallest inflow on Thursday (Oct 21) to the tune of RM237.99 mil and RM16.78 mil respectively.
As for retailers, they were net sellers during half of the four-day trading week with the exception of Wednesday (Oct 20) and Thursday (Oct 21).
Their largest net selling was recorded on Monday (Oct 18) with the largest net buying on Thursday (Oct 21) to the tune of -RM22.20 mil and RM95.39 mil respectively.
Cumulatively, retailers net bought RM74.83 mil worth of equities on Bursa Malaysia during the week.
Meanwhile, local institutions recorded a cumulative weekly net selling to the tune of -RM662.44 mil.
Local institutions were net sellers for everyday of the week with their largest net selling on Wednesday (Oct 20) to the tune of -RM243.95 mil while the smallest net outflow was on Friday (Oct 22) amounting to -RM90.53 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers in the local bourse to the tune of RM10.40 bil while local institutions and foreign investors were net sellers to the tune of -RM8.22 bil and -RM2.18 bil respectively.
“However, it is worth noting that foreign investors’ net selling position continues to decline,” added MIDF Research. “It was -RM3.75 bil on a year-to-date basis as of end-September 2021.”
In terms of participation retail investors, local institutions and the foreign investors recorded a weekly movement of -19.00%, -21.96% and 26.34% respectively in average daily trade value (ADTV).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Thailand recorded the highest net inflow at US$260.89 mil with Indonesia coming in second at US$229.69 mil, followed by Malaysia (US$141.18 mil) and the Philippines (US$20.4 mil).
The top three stocks with the highest net money inflow last week were Gamuda Bhd (RM3.53 mil), Tenaga Nasional Bhd (RM2.85 mil) and Hartalega Holdings Bhd (RM1.85 mil). – Oct 25, 2021
