FOREIGN investors remained net buyers for week ended Sept 24 – the seventh consecutive week of net buying – albeit with the amount dwindling to RM15.85 mil.
As the market reopened last Monday (Sept 20), foreign investors and local institution were net sellers amounting to -RM120.77 mil and -RM17.88 mil respectively while retailers net bought to the tune of RM138.65 mil.
“Foreign investors were net buyers for majority of the week except on Monday (Sept 20) and Friday (Sept 24),” observed MIDF Research in its weekly fund flow report.
“The largest foreign inflow was recorded on Thursday (Sept 23) with the smallest inflow on Wednesday (Sept 22) to the tune of RM117.45 mil and RM25.32 mil respectively.’
Meanwhile, retailers were net buyers for everyday during the week except on Thursday (Sept 23).
Their largest net buying was on Monday (Sept 20) while their smallest net buying happened on Wednesday (Sept 22) to the tune of RM138.65 mil and RM2.79 mil respectively. Cumulatively, retailers net bought RM242.78 mil worth of equities on Bursa Malaysia during the week.
Meanwhile, local institutions recorded cumulative weekly net selling amounting to -RM258.64 mil. They were net sellers for everyday of the week except Friday (Sept 24) with their largest net selling on Tuesday (Sept 21) amounted to -RM159.90 mil. Their only inflow on Friday (Sept 24) netted RM51.02 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers on Bursa Malaysia to the tune of RM10.28 bil while local institutions and foreign investors were net sellers to the tune of -RM6.64 bil and -RM3.64 bil respectively.
In terms of participation retail investors, local institutions and the foreign investors recorded a weekly movement of 7.77%, 13.73% and -31.26% respectively in average daily trade value (ADTV).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia again posted the biggest net inflow at US$175.95 mil followed by the Thailand (US$94.98) and Malaysia (US$3.87 mil) while the Philippines posted a net outflow of US$17.10 mil.
The top three stocks with the highest net money inflow last week were Press Metal Aluminium Holdings Bhd (RM$5.81 mil), Public Bank Bhd (RM3.83 mil) and Malayan Banking Bhd (Maybank) (RM3.69 mil). – Sept 27, 2021
