FOREIGN investors regained their net buying composure for the week ended Oct 8 with a net inflow amounting to RM293.36 mil.
This marks a resumption of buying after the momentum was snapped with an outflow of -RM341.94 mil for the week ended Oct 1 after a seven-week streak of net buying.
As the market reopened last Monday, local institutions were net buyers amounting to RM103.04 mil while retailers and foreign investors were both net sellers to the tune of -RM19.09 mil and -RM83.94 mil respectively.
“Foreign investors were net buyers for most part of the week except on Monday (Oct 4) and Tuesday (Oct 5),” observed MIDF Research in its weekly fund flow report. “Their largest inflow was recorded on Wednesday (Oct 6) while the largest outflow on Monday (Oct 4) to the tune of RM135.62 mil and -RM83.94 mil respectively.”
As for the retailers, they were net sellers for most days of the week except on Tuesday (Oct 5) and Friday (Oct 8). Their largest net selling was recorded on Wednesday (Oct 6) while their largest net buying was on Tuesday (Oct 5) to the tune of -RM38.71 mil and RM23.88 mil respectively.
Cumulatively, retailers net sold -RM68.01 mil worth of equities in Bursa Malaysia during the week while local institutions net sold to the tune of -RM225.33 mil during the period.
Local institutions were net sellers for everyday of the week except on Monday (Oct 4) with a net inflow of RM103.04 mil while their largest net selling occurred on Friday (Oct 8) amounting to -RM125.92 mil.
Since the beginning of 2021, retailers are cumulatively the only net buyers of in Bursa Malaysia to the tune of RM10.4 bil. Local institutions and foreign investors were both net sellers amounting to -RM6.71 bil and -RM3.69 bil respectively.
In terms of participation, retail investors, local institutions and the foreign investors recorded a weekly movement of -15.32%, +15.07% and +32.12% respectively in terms of average daily trade value (ADTV).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia recorded the highest net inflow at US$868.04 mil with Malaysia coming in second at US70.13 mil followed by Thailand (US$56.83 mil) while the Philippines posted a net outflow of -US$27.05 mil.
The top three stocks with the highest net money inflow last week were Malayan Banking Bhd (RM6.96 mil), Sime Darby Plantation Bhd (RM2.99 mil) and Malaysia Airports Holdings Bhd (RM2.72 mil). – Oct 11, 2021
