AFTER a lapse of one week, foreign investors returned as net buyers on Bursa Malaysia for the week ended June 3 by snapping up equities to the tune of RM477.5 mil in contrast to both local institutions and retailers.
The previous occurrence when foreign investors were the sole net buyers was on the week ended May 20.
“Net buying from foreign investors came in on Monday (May 30) through Wednesday (June 1),” observed MIDF Research in its weekly fund flow report. “The highest inflow was on Tuesday (May 31), which amounted to RM320.8 mil, while the lowest came in on Wednesday (June 1) at RM111.2 mil.
However, foreign investors were net sellers on Thursday (June 2) and Friday (June 3) when they offloaded -RM67.3 mil and -RM9.3 mil respectively.
Meanwhile, local retailers were net sellers once again after having emerged as net buyers the previous week with net outflow amounting to -RM121.4 mil.
Joining them were local institutions who remained net sellers for the fourth-consecutive week with an outflow of -RM356.1 mil. They were net sellers for the first three days of the week with an outflow of -RM426.1 mil, of which their heaviest selling came on Tuesday (May 31) at -RM284 mil.
Local retailers were net sellers for every session of the week except on Thursday (June 2) when they net bought at RM10.5 mil of equities.
Year-to-date (YTD), international funds have been net buyers for 17 out of the 22 weeks of 2022 with a total net inflow of RM7.4 bil as opposed to local institutions which have been net sellers for 19 out of 22 weeks this year. YTD, they have sold RM8.5 bil worth of equities.
However, local retailers have been net buyers for 13 out of 22 weeks of 2022. YTD, they have been net buyers with RM1.1 bil.
In terms of participation, all investor classes except for local retailers showed an improvement for the week.
Foreign investors and local institutions saw an increase in the average daily trade value (ADTV) by +110.3% and +24% respectively but local retailers posted a decline of -2.5% in ADTV.
In comparison with three other Southeast Asian markets tracked by MIDF Research last week, Indonesia was the largest net inflow gainer with US$326.84 mil followed by Thailand (US$178.02 mil) and Malaysia (US$108.55 mil) while the Philippines continued to encounter outflow at US$19.38 mil.
The top three stocks with the highest net money inflow last week were RHB Bank Bhd (RM2.49 mil), Malayan Banking Bhd (Maybank) (RM2.29 mil) and IHH Healthcare Bhd (RM1.88 mil). – June 7, 2022
