FOREIGN investors remained net sellers of Malaysian equities for the shortened trading week ended May 14 with an outflow amounting to -RM108.14 mil which was lower than the previous week.
As the market re-opened last Monday (May 10), foreign investors sold -RM37 mil net of local equities with retailers and local institutions both emerging net buyers to the tune of RM10.97 mil and RM26.03 mil respectively.
Foreign investors were net sellers during the three-day trading duration prior to Bursa Malaysia breaking for the Hari Raya public holiday, according to MIDF Research.
“The largest foreign outflow was recorded on Tuesday (May 11) at -RM67.81 mil while the smallest outflow was on Wednesday (May 12 which was a half-day trading session) at -RM3.33 mil,” observed the research house in its weekly fund flow report. “There was no inflow recorded for last week.”
Meanwhile, retailers were net sellers every day except for Monday (May 10). Their largest net selling was recorded on Tuesday (May 11) at RM75.66 mil while their smallest net selling occurred on Wednesday (May 12) at RM12.86 mil.
The only inflow recorded amounted to RM10.97 mil on Monday (May 10). Cumulatively, retailers net sold RM77.55 mil worth of equities in Bursa during the week.
Meanwhile, the cumulative weekly inflow of local institutions was to the tune of RM185.59 mil. Their biggest net buying was on Tuesday (May 11) at RM143.47 mil while their smallest net buying happened on Wednesday (May 12) at RM16.19 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers of the Malaysian equity market to the tune of RM6.25 bil. Both local institutions and foreign investors have been net sellers to the tune of -RM2.94 bil and -RM3.31 bil respectively.
In terms of participation, retail investors local institutions and foreign investors recorded a weekly decrease of -37.45%, -33.28% and -12.75% respectively in average daily trade value (ADTV).
In comparison to another three Southeast Asian markets tracked by MIDF Research last week, the Philippines and Indonesia were the only markets that posted net inflow with US$16.78 mil and US$15.89 mil respectively, while Thailand saw the biggest outflow with US$422.92 mil followed by Malaysia with US$26.29 mil.
The top three stocks with the highest net money inflow last week were Gamuda Bhd (RM3.23 mil), British American Tobacco (M) Bhd (RM2.05 mil) and IHH Healthcare Bhd (RM 2 mil). – May 17, 2021
