AFTER two weeks of net selling, it is heartening to know that foreign investors have turned net buyers in Bursa Malaysia with an inflow of RM75.68 mil.
In fact, last week marks only the seventh time of weekly net buying from foreign investors out of the cumulative 24 weeks thus far this year, according to MIDF Research.
“As the market re-opened last Monday (June 14), foreign investors bought +RM98.86 mil net of local equities with retailers and local institutions both as net sellers to the tune of -RM1.14 mil and -RM97.72 mil respectively,” observed the research house in its weekly fund flow report.
“Foreign investors were net sellers on majority of the days last week with net buying occurring on Monday (June 14) and Friday (June 18).”
Net buying on Friday (June 18) negated the selling pressure of the week as foreign investors amassed RM314.32 mil worth of equities. The largest foreign outflow was recorded on Thursday (June 17) at -RM164.78 mil.
As for retailers, they were net buyers every day during the week except on Monday (June 14). Their largest net buying was recorded on Thursday (June 17) at +RM87.85 mil while the smallest net buying occurred on Tuesday (July 15).
Cumulatively, retailers net bought +RM227.45 mil worth of equities in Bursa Malaysia during the week.
On the contrary, local institutions posted a cumulative weekly net outflow to the tune of -RM303.13 mil. Net buying occurred on Wednesday (June 16) and Thursday (June 17).
The biggest net selling done by local institutions was on Friday (June 18) at -RM327.90 mil. Conversely, the largest net buying was on Thursday (June 17) to the tune of +RM77.33 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers on Bursa Malaysia to the tune of RM7.32 bil. Local institutions and foreign investors were net sellers to the tune of -RM3.97 bil and -RM3.34 bil respectively.
In terms of participation, retail investors posted a weekly movement of +0.95% while, local institutions and foreign investors recorded a weekly movement of +11.55% and +39.41% respectively in average daily trade value (ADTV).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Malaysia was the only market which posted a net inflow with +US$18.20 mil with Thailand raking in the most outflow at -US$235.31 mil followed by the Philippines (-US$138.78 mil) and Indonesia (-US$48.03 mil).
The top three stocks with the highest net money inflow last week were Hartalega Holdings Bhd (RM12.29 mil), Public Bank Bhd (RM3.29 mil) and Kossan Rubber Industries Bhd (RM1.89 mil). – June 21, 2021
