FOREIGN investors were net buyers for the week ended Oct 29 which saw marginal net inflow amounting to RM1.44 mil. This was the fourth week of net inflow albeit being the smallest amount during the streak.
As the market reopened last Monday, local institutions and retailers were net sellers and net buyers respectively to the tune of -RM89.27 mil and RM36.41 mil while, foreign investors were net buyers amounting to RM52.86 mil.
“Despite the weekly net inflow, foreign investors were net sellers for majority of the week,” observed MIDF Research in its weekly fund flow report. “Their largest foreign inflow was recorded on Wednesday (Oct 27) with the largest outflow on Thursday (Oct 28) to the tune of RM57.92 mil and -RM52.63 mil respectively.”
Meanwhile, retailers were net buyers during every trading day session of the week. For the week, they net bought RM308.31 mil worth of equities in Bursa Malaysia.
Their largest net buying was recorded on Thursday (Oct 28) while their smallest net buying took place on Monday (Oct 25) to the tune of RM78.57 mil and RM36.41 mil respectively.
On the other hand, local institutions recorded cumulative weekly net selling amounting to -RM309.73 mil. They were net sellers for every session of the week with the largest outflow on Wednesday (Oct 27) to the tune of -RM132.17 mil while their smallest net outflow was on Friday at -RM10.37 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers in Bursa Malaysia to the tune of RM10.71 bil. Local institutions and foreign investors were net sellers amounting to RM8.53 bil and -RM2.18 bil respectively.
In terms of market participation, retail investors, local institutions and foreign investors recorded a weekly movement of -19.00%, -21.96% and 26.34% 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$225.59 mil followed by Malaysia with US$31 mil while Thailand and the Philippines incurred an outflow of -US$205.65 mil and -US$29.78 mil respectively.
The top three stocks with the highest net money inflow last week were Public Bank Bhd (RM5.73 mil), Top Glove Corp Bhd (RM5.62 mil) and CIMB Group Holdings Bhd (RM1.85 mil). – Nov 1, 2021
