FOREIGN investors and local retailers were net buyers for the week ended March 11 where total net inflow amounted to RM896.5 mil with the portion from foreign investors alone totalled RM649 mil.
International funds have been net buyers on Bursa Malaysia for the fifth consecutive week and for eight out of the first 10 weeks of 2022.
“We noted that last week’s net buying by foreign investors was lower compared to the prior week (March 4) at RM1.08 bil,” observed MIDF Research in its weekly fund flow report.
Last Monday (March 7), local retailers and foreign investors bought RM57.8 mil and RM142.6 mil net of local equities respectively while local institutions kicked off the week as net sellers at -RM200.4 mil.
In fact, foreign funds have continued to be net buyers on every session of the week since a month ago on Feb 7 or for 25 consecutive days uninterrupted, according to MIDF Research.
The largest foreign inflow recorded last week was on Thursday (March 10) at RM172.6 mil while the smallest inflow was recorded on Tuesday (March 8) at only RM76.36 mil.
On the other hand, local institutions have been net sellers since Feb 4. Their largest net outflow last week was on Wednesday (March 9) with the smallest posted on Friday (March 1) to the tune of -RM223. 7 mil and -RM84.49 mil respectively.
As for retail investors, they have been net buyers every session of the week except for Friday (March 11) when they turned net sellers to the tune of RM32.5 mil. Their largest net buying occurred on Tuesday (March 8) at RM121.7 mil while the smallest was on Thursday (March 10) at RM17.21 mil.
At the end of the 10th week of 2022, foreign investors finished strong as net buyers at RM649.1 mil followed by retailers at RM247.4 mil. Local institutions were the only strong net sellers at -RM896.5 mil.
In terms of market participation, retail investors, local institutions and foreign investors recorded a weekly movement of -8.09%, -2.09% and -14.38% respectively in terms of average daily trade value (ADTV).
On a year-to-date basis, MIDF Research observed that net inflows from foreign investors has reached RM4.41 bil with retailers contributing RM630 mil while local institutions were the only net seller at -RM5.04 bil.
The top three stocks with the highest net money inflow last week were Malayan Banking Bhd (Maybank) with RM8.03 mil, Sime Darby Plantation Bhd (RM5.35 mil) and Sime Darby Bhd (RM2.82 mil). – March 14, 2022
Pic credit: AFP
