FOREIGN investors reversed their buying trend to turn net sellers last week with an outflow of -RM275.92 mil. In comparison, foreign investors were net buyers the previous week to the tune of RM292.7 mil.
Three out of five trading days of the week recorded net outflows with the largest outflow posted on Thursday (Nov 3) at -RM265.04 mil. This was followed by net selling on Tuesday (Nov 1) at -RM66.99 mil and Monday (Oct 31) at -RM8.40 mil, according to MIDF Research.
“Local institutions were net buyers last week with the heaviest inflow on Thursday (Nov 3) at RM203.87 mil, followed by on Tuesday (Nov 1) and Monday (Oct 31) at RM77.58 mil and RM30.84 mil respectively,” the research house pointed out in its weekly fund flow report.
“Local institutions were net sellers in the week for only two days on Friday (Nov 4) at -RM38.44 mil and Wednesday (Nov 2) at -RM11.51 mil.”
Meanwhile, local retailers also turned net buyers last week with a net inflow of RM13.57 mil. They were net sellers on Monday (Oct 31), Tuesday (Nov 1) and Friday (Nov 4) at -RM22.45 mil, -RM10.59 mil and -RM25.91 mil respectively.
However, they became net buyers on Wednesday (Nov 2) and Thursday (Nov 3) with an inflow of RM11.35 mil and RM61.17 mil respectively.
The top three sectors which saw net outflows were financial services at -RM270.3 mil, healthcare (-RM88.2 mil) and industrial products & services (-RM37.7 mil).
On the contrary, the three sectors with net inflows by foreign investors last week were consumer products & services at RM43.9 mil, utilities (RM22.9 mil), and transportation and logistics (RM17.3 mil).
Year-to-date (YTD), international funds have been net buyers for 25 out of 44 weeks of 2022, with a total net inflow of RM5.76 bil while local institutions were net sellers for 30 out of 44 weeks with a total net outflow of -RM7.89 bil.
Local retailers have been net buyers for 28 out of 44 weeks of 2022. YTD, they have been net buyers at RM2.14 bil.
In terms of participation, there was an improvement in average daily trade value (ADTV) among foreign investors by 13.53% and retailers by 2.76%. As for local institutions, there was a decline of -8.00%.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Malaysia was the only market which posted a net outflow with US$58.22 mil while Thailand recorded the highest net outflow with US$374.66 mil followed by Indonesia (US$52.81 mil) and the Philippines (US$13.22 mil).
The top three stocks with the highest net money inflow last week were Petronas Chemicals Group Bhd (RM4.26 mil), Heineken Malaysia Bhd (RM740,000) and Malayan Banking Bhd (Maybank) (RM700,000). – Nov 7, 2022
