Foreign investors remain net buyers on Bursa for 5th week in a row

FOREIGN investors remained net buyers for week ended Sept 10 – the fifth consecutive week – with net inflow amounting to RM433.16 mil.

As the market reopened last Monday (Sept 6), foreign investors were net buyers amounting to RM72.18 mil with retailers mopping up RM11.1 mil while local institutions were net sellers to the tune of -RM83.28 mil.

“Foreign investors were net buyers for everyday of the week except on Thursday (Sept 9),” observed MIDF Research in its weekly fund flow report. “The net selling by foreign investors on Thursday amounted to -RM62.95 mil.”

The largest foreign inflow was recorded on Wednesday (Sept 8) with the smallest inflow on Monday (Sept 6) to the tune of RM207.19 mil and RM72.18 mil respectively.

Meanwhile, retailers were net buyers throughout the week with their largest net buying recorded on Thursday (Sept 9) while their smallest net buying occurred on Monday (Sept 6) to the tune of RM129.62 mil and RM11.1 mil respectively.

Cumulatively, retailers net bought RM278.59 mil worth of equities in Bursa Malaysia during the week.

As for local institutions, they recorded a cumulative weekly net selling to the tune of -RM711.96 mil. They were net sellers for every day during the week with their largest net selling took place on Wednesday (Sept 8) to the tune of -RM243.26 mil while the lowest was on Thursday (Sept 9) at -RM66.88 mil.

Since the beginning of 2021, retailers have cumulatively been the only net buyers on Bursa Malaysia to the tune of RM9.83 bil. Local institutions and foreign investors were net sellers to the tune of -RM6.04 bil and -RM3.79 bil respectively.

It is worth noting though that foreign investors have gradually reduced their net selling from -RM6.01 bil on a year-to-date basis as of Aug 9.

In terms of participation the retail investors, local institutions and the foreign investors recorded a weekly movement of 2.49%, -1.15% and -29.79% respectively in average daily trade value (ADTV).

In comparison with another three Southeast Asian markets tracked by MIDF Research last week, three markets posted net inflow with Thailand leading the pack with US$121.79 mil followed by Malaysia (US$104.39 mil) and Indonesia (US$77.56 mil) while the Philippines recorded a mild net outflow of -US$60,000.

The top three stocks with the highest net money inflow last week were Malayan Banking Bhd (Maybank) (RM7.06 mil), Pubic Bank Bhd (RM4.81 mil) and Inari Amerton Bhd (RM3.03 mil). – Sept 13, 2021

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