BURSA Malaysia continued to see net selling activities from foreign investors for the seventh consecutive week with an outflow of -RM68.22 mil – the lowest over the seven-week period.
They were net sellers for every trading session of the week except Tuesday (Oct 18) and Friday (Oct 21), according to MIDF Research.
“The heaviest outflow was posted on Thursday (Oct 20) at -RM83.4 mil while their heaviest inflow was recorded on Tuesday (Oct 18) at RM102.6 mil,” the research house pointed out in its weekly fund flow report.
“Monday (Oct 17) saw the continuation of foreign investors’ net selling streak at -RM53.5 mil but this was broken on Tuesday (Oct 18) before net selling resumed. However, the week ended with foreign investors net buying RM20.1 mil of equities on Friday (Oct 21).”
The top three sectors that saw the most net inflows by foreigners last week were financial services, energy and telecommunication at RM81.1 mil, RM46.8 mil and RM27.7 mil respectively.
Meanwhile, the highest net outflows were recorded by the healthcare sector at -RM95.5 mil followed by industrial products and services (-RM81.0 mil) and construction (-RM45.3 mil).
Elsewhere, local institutions were net buyers during every trading session of last week except Tuesday (Oct 18) with a net outflow of -RM105.7 mil.
Their heaviest net inflow were on Thursday (Oct 20) at RM120.5 mil. Cumulatively, local institutions net bought RM147.5 mil worth of equities last week.
However, local retailers turned to net sellers last week with total weekly outflow of -RM79.2 mil. The largest net outflows for local retailers in the week were on Friday (Oct 21) at -RM48.8 mil while the largest inflow occurred on Monday (Oct 17) at RM9.9 mil.
To date, international investors have been net buyers for 24 out of the 42 weeks of 2022 with a total net inflow of RM5.7 bil. Local institutions were net sellers for 29 out of 42 weeks with a total net outflow of -RM8.0 bil.
Local retailers, meanwhile, have been net buyers for 27 out of 42 weeks of 2022. Year-to-date, they have net bought RM2.2 bil.
In terms of participation, there was a surge in average daily trade value (ADTV) for foreign investors at +17.8% and retail investors at 5.2%. In contrast, that of institutional investors declined by -2.5%.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, only Malaysia posted a net outflow at –US$14.4 mil while Indonesia posted the highest inflow at US$245.16 mil followed by Thailand (US$52.42 mil) and the Philippines (US$1.2 mil).
The top three stocks with the highest net money inflow last week were RHB Bank Bhd (RM5.17 mil), Kuala Lumpur Kepong Bhd (RM2.79 mil) and AMMB Holdings Bhd (RM2.47 mil). – Oct 25, 2022
