FOREIGN investors had turned net sellers on the local bourse with outflow amounting to -RM83 mil for the week ended May 27 after being net buyers for a brief two weeks.
They were joined by local institutions who remained net sellers for the third consecutive week at -RM52.1 mil, according to MIDF Research.
On a brighter note, local retailers returned as net buyers with RM135.1 mil to break the spate of net selling by both local institutions and foreign investors.
“The previous occurrence when local retailers were the sole net buyers was on the week ended April 15,” the research house pointed out in its weekly fund flow report.
Year-to-date (YTD), international funds have been net buyers for 16 out of the 21 weeks of 2022 with a total net inflow of RM6.92 bil.
They were net sellers on Monday (May 23) and Tuesday (May 24) at RM199 mil before turning net buyers from Wednesday (May 25) to Friday (May 27) with purchases totalling RM116 mil.
However, local institutions were net sellers the entire week except on Tuesday (May 24) where they net bought RM87.1 mil.
Their heaviest outflow came on Friday (May 27) at -RM77.6 mil. They have been net sellers for 18 out of 21 weeks this year. YTD, they have sold -RM8.16 bil of equities on Bursa Malaysia.
Meanwhile, local retailers were net buyers on almost every trading session of the week except on Wednesday (May 25) when they net sold only -RM260,000 of equities.
Their strongest net buying day was Tuesday (May 24) at RM75.9 mil. Local retailers have been net buyers for 13 out of 21 weeks of 2022. YTD, they have been net buyers at RM1.24 bil.
In terms of participation, all investor classes saw a decline for the week. Foreign investors saw a decrease in the average daily trade value (ADTV) by 19.7%. Local retailers and local institutions posted declines of -6.5% and -17.5% respectively in ADTV.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Thailand was again the biggest net inflow gainer among foreign funds with US$200.9 mil followed by Indonesia (US$111.03 mil), while both Malaysia and the Philippines encountered outflows of US$18.83 mil and US$188.08 mil respectively.
The top three stocks with the highest net money inflow last week were Sime Darby Plantation Bhd (RM2.68 mil), Malayan Banking Bhd (Maybank) (RM2.52 mil) and Nestle (M) Bhd (RM2.51 mil). – May 30, 2022
