MALAYSIAN equities saw a second consecutive week of net inflow – albeit a paltry sum – on a short trading week ended Jan 21 following the Thaipusam public holiday on Tuesday (Jan 18).
Based on data from Bursa Malaysia, foreign investors bought a net RM11.35 mil of local equities last week compared to RM397.85 mil net in the preceding week.
“As market reopened on Monday last week (Jan 17), foreign investors and retailers sold -RM70.04 mil and -RM18.67 mil net of local equities respectively,” observed IDF Research in its weekly fund flow report.
Meanwhile, local institutions started the week as net buyers to the tune of RM88.71 mil.
Net selling by foreign funds continued on Wednesday (Jan 19) after the holiday on Tuesday (Jan 18) albeit at a slower pace of -RM27.73 mil.
They were joined by local institutions with net selling to the tune of -RM13.5 mil while local retailers net bought RM41.23 mil.
However, foreign investors reversed their stance by becoming net buyers on Thursday (Jan 20) and Friday (Jan 21).
Their largest foreign inflow was recorded on Friday (Jan 21) at RM59.36 mil followed by RM49.76 mil on Thursday (Jan 20) with the largest outflow occurring on Monday (Jan 17) at -RM70.04 mil.
Retailers were net buyers for every session of the week except on Monday (Jan 17). Their largest net buying was recorded on Wednesday (Jan 19) at RM41.23 mil.
For the week, retailers net bought RM35.30 mil worth of equities on Bursa Malaysia while local institutions recorded a cumulative weekly net selling to the tune of -RM46.84 mil.
They were net sellers for every session of the week except Monday (Jan 17) while their largest net selling on Friday (Jan 21) came to the tune of -RM62.64 mil.
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly movement of -14.40%, -6.54% and -9.17% respectively in terms of average daily trade value (ADTV).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia posted the most inflow at US$86.80 mil with Malaysia coming in second at US$2.7 mil while Thailand and the Philippines recorded a net outflow of -US$134.62 mil and -US$25.28 mil respectively.
The top three stocks with the highest net money inflow last week were Sime Darby Plantation Bhd (RM1.58 mil), IHH Healthcare Bhd (RM950,000) and Petronas Chemicals Group Bhd (RM920,000). – Jan 24, 2022
