AFTER six consecutive weeks of net outflows, foreign investors on Bursa Malaysia mopped up a net inflow of RM191.3 mil last week (week ended July 22).
In fact, foreigners were net buyers for every session of the entire week, according to MIDF Research.
“The day with the highest net foreign inflow was Monday (July 18) at RM81.7 mil, followed by Friday (July 22) at RM72.8 mil and Thursday (July 21) at RM21.6 mil,” observed the research house in its weekly fund flow report.
Meanwhile, local institutions continued to be net sellers for the second consecutive week after selling -RM87 mil worth of equities last week.
They started the week by net selling -RM60.2 mil on Monday (July 18) and -RM19.3 mil on Tuesday (July 20). They then briefly net bought RM5.6 mil on Wednesday (July 20) and RM800,000 on Thursday (July 21) before turning to net sellers again on Friday (July 22) with a disposal of -RM14 mil.
Elsewhere, local retailers ended their net buying streak last week after they net sold -RM104.2 mil worth of equities. They were net selling for most part of last week except on Tuesday (July 19) when they net bought RM4.2 mil. Friday (July 22) saw their heaviest net outflow at -RM58.8 mil.
In terms of sectors, the top three sectors with highest net inflows from foreign investors were financial services, technology and utilities at RM141.9 mil, RM39.2 mil and RM37.5 mil respectively.
Only two sectors saw foreign net outflows, namely industrial products and services at -RM145.6 mil and transport at -RM2.5 mil.
To date, international funds have been net buyers for 18 out of the 29 weeks of 2022 with a total net inflow of RM6.11 bil. Local institutions were net sellers for 22 out of 29 weeks with a total net outflow of -RM7.89 bil while local retailers have been net buyers for 19 out of 29 weeks of 2022 with a net inflow of RM1.78 bil year-to-date.
In terms of participation, there was an increase in average daily trade value (ADTV) among all investor classes. Retail investors saw an ADTV growth of +40.8% while institutional and foreign investors saw growth of +47.0% and +42.4% respectively.
In comparison with three other Southeast Asian markets tracked by MIDF Research last week, Malaysia posted the highest net inflow by foreign funds at US$42.95 mil followed by Thailand (US$24.11 mil) and Indonesia (US$2.5 mil), while the Philippines continued to record net outflow at US$24.99 mil).
The top three stocks with the highest net money inflow last week were Petronas Chemicals Group Bhd (RM5.07 mil) followed by IHH Healthcare Bhd (RM2.96 mil) and Inari Amerton Bhd (RM2.62 mil). – July 25, 2022
