FOREIGN investors continued to be net sellers on Bursa Malaysia for the fourth week running with an outflow amounting to -RM173.93 mil for the week ended July 16.
As the market re-opened last Monday (July 12), foreign investors sold -RM96.60 mil net of local equities with retailers and local institutions as net buyers to the tune of +RM59.10 mil and RM37.50 mil respectively.
“Foreign investors were net seller every day last week except on Thursday (July 15) when they was a net buying amounting to RM69.6 mil,” observed MIDF Research in its weekly fund flow report.
“The largest foreign outflow was recorded on Monday (July 12) with the smallest outflow on Tuesday (July 13) to the tune of -RM96.60 mil and -RM7.02 mil respectively.”
Meanwhile, retailers were net sellers on majority of days last week with net selling occurring on Tuesday (July 13), Wednesday (July 14) and Thursday (July 15). Their largest net selling was on Wednesday at -RM29.49 mil while their largest net buying was on Monday (July 12) to the tune of +RM59.10 mil.
Cumulatively, retailers net bought +RM35.72 mil worth of equities in Bursa Malaysia last week.
Meanwhile, local institutions recorded cumulative weekly inflow amounting to RM138.22 mil during the week. They were net buyers every day last week except on Thursday (July 15) with their largest net buying on Wednesday (July 14) to the tune of +RM103.49 mil.
Since the beginning of 2021, retailers are cumulatively the only net buyers on the Malaysian equity market to the tune of RM8.55 bil while local institutions and foreign investors were net sellers to the tune of -RM3.74 bil and -RM4.81 bil respectively.
In terms of participation, retail investors, local institutions and the foreign investors recorded a weekly movement of -13.18%, -15.11% and +0.68% respectively in terms of average daily trade value (ADTV).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, only Indonesia posted an inflow of +US$130.45 mil with Thailand recorded the largest outflow at -US$73.49 mil followed by the Philippines (-US$57.66 mil) and Malaysia (-US$41.44 mil).
The top three stocks with the highest net money inflow last week were Malayan Banking Bhd (Maybank) (RM2.44 mil), MMC Corp Bhd (RM2.37 mil) and Genting Malaysia Bhd (RM1.96 mil). – July 19, 2021
