FOREIGN investors remained net buyers on Bursa Malaysia for the week ended Oct 15 – the second week in a row – with a net inflow amounting to RM924.77 mil.
As the market reopened last Monday (Oct 11), local institutions were net sellers amounting to RM154.74 mil while retailers and foreign investors were net buyers to the tune of RM23.30 mil and RM131.43 mil respectively.
“Foreign investors were net buyers for every day of the week,” observed MIDF Research in its weekly fund flow report. “The largest foreign inflow was recorded on Friday (Oct 15) with the smallest inflow on Thursday (Oct 14) to the tune of RM303.22 mil and RM79.99 mil respectively.”
As for the retailers, they were net sellers for most part of last week except on Monday (Oct 11) and Tuesday (Oct 12).
Their largest net selling by was recorded on Friday (Oct 15) while their largest net buying was on Tuesday (Oct 12) amounting to -RM82.15 mil and RM29.16 mil respectively.
Cumulatively, retailers net sold -RM78.64 mil worth of equities on Bursa Malaysia last week.
Meanwhile, local institutions recorded cumulative weekly net selling to the tune of -RM846.14 mil. They were net sellers for everyday of the week with the largest net selling occurring on Wednesday (Oct 13) amounting to -RM245.86 mil while the smallest net outflow was on Thursday (Oct 14) to the tune of -RM47.13 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers on Bursa Malaysia by having mopped up equities valued at RM10.32 bil. Local institutions and foreign investors remained net sellers to the tune of -RM7.56 bil and -RM2.77 bil respectively.
“However, it is worth noticing that foreign investors’ net selling position continue to decline. It was -RM3.75 bil on a year-to-date basis as of end-September this year,” MIDF Research pointed out.
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly movement of 8.66%, 11.17% and 4.97% respectively in average daily trade value (ADTV).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia recorded the highest net inflow at US$333.37 mil with Thailand coming in second at US$283.47 mil followed by Malaysia (US$222.23 mil) while the Philippines posted a net outflow of -US$11.30 mil.
The top three stocks with the highest net money inflow last week were Public Bank Bhd (RM2.68 mil), Gamuda Bhd (RM2.85 mil) and Bursa Malaysia Bhd (RM1.71 mil). – Oct 18, 2021
