FOREIGN investors and local retail emerged net buyers for week ended Feb 25, which saw a net inflow amounting to RM867.7 mil on the back of surging commodities prices, namely benefitting the plantation and energy sectors.
Net inflow from foreign investors amounted to RM675.7 mil, according to MIDF Research, with international funds being net buyers on Bursa Malaysia for six out of eight weeks this year.
“Foreigners continued to be net buyers on every session of the week since Feb 11,” observed the research house in its weekly fund flow report. “The largest foreign inflow was recorded on Friday (Feb 25) at RM266 mil with the smallest inflow on Monday (Feb 21) at only RM41.83 mil.”
On the contrary, local institutions were active sellers last week. Their largest net outflow occurred on Tuesday (Feb 22) and smallest on Thursday (Feb 24) to the tune of -RM255.2 mil and -RM54.9 mil respectively.
Meanwhile, retailers were net sellers on every session of the week except on Monday (Feb 21) and Tuesday (Feb 22), whereby their net purchases amounted to RM129 mil and RM126.3 mil respectively.
Their largest net selling was recorded on Friday (Feb 25) at -RM35.3 mil while their smallest net selling was posted on Wednesday (Feb 23) at -RM3.53 mil.
Overall, foreign investors finished strong as net buyers at RM675.7 mil for the eighth week of 2022 followed by retailers at RM192 mil while local institutions were the only strong net sellers at -RM867.7 mil.
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly movement of +20.21%, -0.43% and +18.20% respectively in average daily trade value (ADTV).
Sectors that saw the largest net inflows by foreign investors were the finance, plantation, and industrial products and services with RM374.3 mil, RM247.6 mil and RM119.2 mil respectively.
On a year-to-date (YTD) basis, there have been net inflows of RM2.7 bil from foreign investors and RM600,000 from retailers while local institutions have been net sellers to the tune of -RM2.8 bil.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia saw the biggest inflow with US$307.2 mil followed by Malaysia (US$161.1 mil), Thailand (US$120.81 mil) and the Philippines (US$31.62 mil).
The top three stocks with the highest net money inflow last week were Kuala Lumpur Kepong Bhd (RM5.01 mil), Press Metal Aluminium Holdings Bhd (RM2.98 mil) and MISC Bhd (RM2.87 mil). – Feb 28, 2022
