FOREIGN investors were the only net buyers on Bursa Malaysia for the week ended March 18 with total net inflow of RM1.18 bil – the highest thus far 2022 – on the back of bargain hunting activities.
International funds have been net buyers on Bursa for nine out of first 11 weeks of 2022.
“The previous highest net buying by foreigners was on the week ended March 4 with RM1.08 bil,” observed MIDF Research in its weekly fund flow report.
“Foreigners continued to be net buyers for every session of the week since February 7.”
As market re-opened on Monday last week (March 14), foreign investors and local retail bought RM219.24 mil and RM35.27 mil net of local equities respectively while local institutions started the week as net sellers to the tune of -RM254.50 mil.
The largest foreign net inflow for last week was recorded on Wednesday (March 16) at RM396.27 mil with the smallest inflow recorded on Friday (March 18) at only RM31.81 mil.
On the contrary, local institutions were active sellers last week. Their largest net outflow was on Wednesday (March 16) while the smallest was on Friday (March 18) amounting to -RM330.39 mil and -RM23.14 mil respectively.
As for the retailers, they were net sellers during every session of the week except on Monday (March 14) and Tuesday (March 15) when they posted net inflows of RM35.27 mil and RM9.28 mil respectively.
Their largest net selling was recorded on Thursday (March 17) at -RM145.89 mil while the smallest came in on Friday (March 18) at -RM8.67 mil.
Overall, foreign investors finished strong as net buyers during the 11th week of 2022 with RM1.2 bil while local institutions remained strong net sellers at -RM1.0 bil followed by retailers at -RM175.88 mil.
In terms of market participation, foreign investors, local institutions and retail investors recorded a weekly movement of +64.50%, -19.68% and -23.96% respectively in their average daily trade value (ADTV).
On a year-to-date (YTD) basis, foreign investors have raked in RM1.3 bil in net inflows with retailers contributing RM500,000 while local institutions were the only net sellers to the tune of -RM6.1 bil.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia posted the biggest inflow with US$501.70 mil followed by Thailand (US$334.64 mil) and Malaysia (US$280.98 mil) while the Philippines posted a net outflow of US$38.21 mil.
The top three stocks with the highest net money inflow last week were Public Bank Bhd with RM15 mil, Press Metal Aluminium Holdings Bhd (RM6.74 mil) and Malayan Banking Bhd (Maybank) (RM6.55 mil). – March 21, 2022
