FOREIGN investors have remained net sellers of Malaysian equities for the week ended May 7 with an outflow of -RM336.37 mil which was slightly lower than -RM376.46 mil posted on the previous week.
As the market reopened last Monday (May 3), foreign investors sold -RM153.18 mil net of local equities with retailers and local institutions both being net buyers to the tune of RM36.72 mil and RM116.45 mil respectively, according to MIDF Research.
“Foreign investors were net sellers every day except on Friday (May 7),” observed MIDF Research in its weekly fund flow report. “The largest foreign outflow was recorded on Wednesday (May 5) at -RM155.35 mil while the only inflow recorded amounted to RM11.92 mil.”
Meanwhile, retailers were net buyers throughout the week with the largest net buying recorded on Thursday (May 6) at RM143.39 mil while the smallest net buying was on Friday (May 7) at RM28.84 mil.
Cumulatively, retailers net bought RM325.65 mil worth of equities on Bursa Malaysia during the week.
Meanwhile, the cumulative weekly inflow for local institutions stood at RM10.72 mil with the biggest net buying occurring on Monday (May 3) at RM116.45 mil while the biggest net selling took place on Thursday (May 6) at -RM105.08 mil.
In total, retailers have been the only net buyers in the Malaysian equity market since the beginning of 2021 to the tune of RM6.33 bil. Local institutions and foreign investors were net sellers to the tune of -RM3.13 bil and -RM3.21 bil, respectively.
In terms of participation, retail investors recorded a weekly decrease of -10.23%, while local institutions and foreign investors posted a weekly increase of +13.77% and +24.08% respectively in average daily trade value (ADTV).
In comparison to another three Southeast Asian markets tracked by MIDF Research last week, Indonesia was the only market that posted net inflow with US$71.39 mil with Thailand recording the highest outflow at US$193.80 mil followed by Malaysia (US$81.76 mil) and the Philippines (US$53.25 mil).
The top three stocks with the highest net money inflow last week were Kuala Lumpur Kepong Bhd (RM1.36 mil), Westports Holdings Bhd (RM1 mil) and Hong Leong Bank Bhd (RM960,000). – May 10, 2021
