FOREIGN investors yet again turned net sellers of Malaysian equities for the week of March 22-26 with an outflow amounting to -RM239.80 mil.
As the market reopened last Monday (March 22), foreign investors parted with -RM28.86 mil net of local equities with retailers and local institutions emerging as net buyers to the tune of RM26.42 mil and +RM2.44 mil respectively.
Foreign investors were net sellers during every day of the week except Wednesday (March 24) and Friday (March 26).
“The inflow was insufficient to reverse the negative momentum,” observed MIDF Research in its weekly fund flow report. “The largest foreign outflow was recorded on Tuesday (March 23) at -RM213.97 while the smallest outflow was on Monday (March 22) at only -RM28.86 mil.”
Still on a year-to-date (YTD) basis, the current spate of foreign net selling comes in lower at -RM1.52 bil than the same period last year at -RM2.59 bil.
As for the retailers, they were net buyers every day of last week except for on Friday (May 26) with the net selling amounting to -RM5.32 mil.
Their largest net buying was recorded on Tuesday (Feb 23) at RM98.42 mil while their smallest net purchase was on Monday (March 22) at RM26.42 mil.
Meanwhile, local institutions were net sellers every day of the week, except on Monday (March 22) and Tuesday (March 23).
Their cumulative weekly inflow came to the tune of +RM10.48 mil. Their biggest net buying was on Tuesday (March 23) at +RM115.55 mil while their smallest net buying was on Monday (March 22) at +RM2.44 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers on Bursa Malaysia to the tune of RM4.99 bil. Local institutions and foreign investors were net sellers to the tune of -RM3.47 bil and -RM1.52 bil respectively.
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly decrease of -28.32%, -29.26% and -45.08% respectively in average daily trade value (ADTV).
In comparison to another three Southeast Asian markets tracked by MIDF Research last week, only Thailand posted a net inflow of +US$11.83 mil with Malaysia the Philippines and Indonesia succumbed to outflow of-US$58.16 mil, -US$52.54 mil and -US$30.05 mil respectively.
The top three stocks with the highest net money inflow last week were Tenaga Nasional Bhd (RM4.84 mil); Public Bank Bhd (RM3.58 mil) and Malayan Banking Bhd (Maybank) (RM2.74 mil). – March 29, 2021
