FOREIGN investors once again emerged net buyers of Malaysian equities last week by mopping up of RM425.62 mil in net purchases after briefly turning net sellers the week prior.
They were net buyers for every day of the week with the largest inflow seen on Thursday (Nov 10) and Friday (Nov 11) at RM97.42 mil and RM105.96 mil respectively, according to MIDF Research.
“Monday (Nov 7), Tuesday (Nov 8) and Wednesday (Nov 9) saw net inflows of RM89.89 mil, RM55.77 mil and RM76.57 mil respectively,” the research house pointed out in its weekly fund flow report.
“We foresee stronger market participation this week as investors are expected to take positions in view of the upcoming general election on Saturday (Nov 19) and the upcoming semi-annual review of the FBM KLCI.”
The top three sectors which saw net inflows by foreign investors last week were financial services at RM137.6 mil, consumer products & services (RM133.0 mil) and healthcare (RM70.4 mil).
On the contrary, the three sectors with net outflows were construction at -RM10.2 mil, transportation & logistics (-RM4 mil) and real estate investment trust (REIT) (-RM1.4 mil).
Meanwhile, local institutions turned net sellers to the tune of -RM252.04 mil after briefly turning net buyers the week before. They were net sellers from Monday (Nov 7) to Thursday (Nov 10) before net buying RM10.01 mil on Friday (Nov 11).
Their net selling amounted to -RM82.67 mil on Monday (Nov 7), -RM36.93 mil on Tuesday (Nov 8), -RM63.70 mil on Wednesday (Nov 9) and -RM78.75 mil on Thursday (Nov 10).
Local retailers were also net sellers for the week by their total disposal of -RM173.57 mil. They net sold every day of the week with the heaviest outflow on Friday (Nov 11) at -RM115.97 mil.
Additionally, they also net sold -RM7.22 mil on Monday (Nov 7), -RM18.84 mil on Tuesday (Nov 8), -RM12.87 mil on Wednesday (Nov 9) and -RM18.67 mil on Thursday (Nov 10).
International funds have been net buyers for 26 out of the 45 weeks of 2022 with a total net inflow of RM6.18 bil while local institutions were net sellers for 31 out of 45 weeks with a total net outflow of -RM8.14 bil.
Meanwhile, local retailers have been net buyers for 28 out of 45 weeks. Year-to-date (YTD), they have been net buyers at RM1.96 bil.
In terms of participation, there was an increase among local retailers and local institutions by +3.15% and +1.40% respectively. As for foreign investors, there was a decline of -7.21%.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Thailand posted the highest net inflow at US$385.29 mil followed by Malaysia (US$90.72 mil) and the Philippines (US$36.42 mil) while Indonesia was the only net seller with -US$6.68 mil.
The top three stocks with the highest net money inflow last week were Public Bank Bhd (RM7.77 mil), Malayan Banking Bhd (Maybank) (US$7.29 mil) and Petronas Chemicals Group Bhd (RM6.31 mil). – Nov 14, 2022
