FOREIGN investors have emerged net sellers for the week of Nov 30-Dec 4 with an outflow amounting to -RM183.7 mil.
The selling activity started as early as Monday (Nov 30) with foreign investors disposing -RM541.02 mil net of local equities while retailers and local institutions being net buyers at RM183.1 mil and RM357.9 mil respectively, according to MIDF Research.
“Retailers were active buyers for last week except on Thursday (Nov 3) with net selling of -RM87.4 mil,” the research house noted in its weekly fund flow report.
“The largest net inflow was at the tune of RM183.11 mil on Monday (Nov 30) and smallest on Tuesday (Dec 1) with net inflow to the tune of RM104.61 mil.”
It was, however, a mixed momentum for local institutions. The market saw local institutions as net sellers mid-week but they eventually ended up as net buyers.
Largest net selling was recorded on Tuesday (Dec 1) at -RM170.6 mil while the largest buying was on Monday (Nov 30).
“We posit that retailers buying appetite has shifted from mild profit taking behaviour as seen fortnight ago,” observed MIDF Research.
“Last week, retailers’ net buying bounced higher at RM442.5 mil in comparison to the preceding week’s smaller recovery at RM163.8 mil.”
Thus far in 2020, net selling by foreign investors has reached -RM24.2 bil of equities on Bursa.
In comparison to another three Southeast Asian markets tracked by the research house last week, Indonesia recorded the most foreign net outflow at US$227.7 mil while Thailand experienced the smallest outflow (US$19.22 mil) with the Philippines posting an outflow of US$49.13 mil).
Meanwhile, net buying from retailers amounted to RM12.4 bil thus far in 2020, while local institutions have bought to the tune of RM11.3 bil.
In terms of participation, retail investors recorded a weekly increase of 27.98% in terms of average daily trade value (ADTV) while foreign investors experienced an ADTV increase of 93.19% and local institution an ADTV of 23.77%.
The top three stocks with the highest net money inflow last week were Hartalega Holdings Bhd (RM6.86 mil) followed by Public Bank Bhd (RM4.78 mil) and Tenaga Nasional Bhd (RM4.26 mil). – Dec 7, 2020
