FOREIGN investors continued to be net buyers for the second successive week during the period of April 25-29 with net inflow totalling RM131.2 mil.
Local retailers maintained their net buying position at RM58.8 mil but local institutions continued their net selling streak at -RM190.0 mil last week, according to MIDF Research.
“To date, international funds have been net buyers for 14 out of 17 weeks of 2022 with net inflow amounting to RM7.3 bil,” the research house pointed out in a weekly fund flow report.
“They were net buyers during most part of last week except on Monday (April 25) with an outflow of -RM44.3 mil.”
The net buying activities primarily occurred on Tuesday (April 26) and Thursday (April 28) with an inflows of RM 71.6 mil and RM70.7 mil respectively.
On the contrary, local institutions were net buyers on the local bourse only on Friday at RM22.3 mil. They have been net sellers for 12 consecutive weeks since the week ended Feb 11 (or net sellers for 15 out of 17 weeks this year). To date, they have sold -RM8 bil worth of equities.
Meanwhile, the movement of local retailers remained mixed last week with three days of net buying from Monday (April 25) to Wednesday (April 27) with net selling occurring on Thursday (April 28) and Friday (April 29). Year-to-date, local retailers have been net buyers at RM672.7 mil.
In terms of participation, foreign investors saw an increase in the average daily trade value (ADTV) by 5.56% followed by local institutions and local retailers at 3.62% and 2.26% respectively.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia posted its seventh straight week of net inflow at US$1.8 bil followed by Thailand with a 14th straight week of inflow at US$101.6 mil and Malaysia (US$30.1 mil). However, the Philippines continued to encounter outflow with US$27.73 mil.
The top three stocks with the highest net money inflow last week were Petronas Chemicals Group Bhd (RM3.12 mil), Hong Leong Bank Bhd (RM1.96 mil) and Hap Seng Consolidated Bhd (RM120,000). – May 5, 2022
