BUCKING the trend for most part of the year, foreign investors emerged net buyers for the final trading week of 2020 with inflow amounting to RM8.89 mil.
Their biggest net inflow was on Wednesday (Dec 30) at RM78.88 mil while they turned net sellers on Tuesday (Dec 29) and Thursday (Dec 31) amounting to -RM43.30 mil and -RM76.06 mil respectively, according to MIDF Research.
As market reopened on Monday (Dec 28) last week, foreign investors bought RM49.37 mil net of local equities with retailers and local institutions as net sellers to the tune of -RM24.92 mil and -RM24.44 mil respectively.
“Last week was the second net inflow from foreign investors since early November,” the research house pointed out in its weekly fund flow report.
“Cumulatively, foreign investors were net sellers for the month of December with an outflow of -RM726.97 mil, lower than the outflow in November of circa -RM1.03 bil.”
For the week ended Dec 31, retailers were active buyers on every day of the week except on Monday (Dec 28). The largest net inflow was on Tuesday (Dec 29) and smallest on Thursday (Dec 31) to the tune of RM104.66 mil and RM44.06 mil respectively.
However, it was the opposite for local institutions. The market saw local institutions as net sellers every day except on Thursday (Dec 31).
The largest net selling was recorded on Wednesday (Dec 30) at -RM154.98 mil while net buying was on Thursday (Dec 31) at RM31.99 mil.
“As 2020 inched closer to the end, to recap, retailers and local institutions have been net buyers in Bursa Malaysia,” observed MIDF Research. “Retailers are net buyers to the tune of RM13.84 bil, larger than local institutions at RM10.41 bil.”
For the entire 2020, foreign investors’ net selling has reached -RM24.75 bil worth of equities on the local bourse.
In comparison to another three Southeast Asian markets tracked by MIDF Research last week, Thailand recorded the most foreign net inflow at US$12.69 mil) while Indonesia and the Philippines experienced an outflow of -US$5.14 mil and -US$220,000 respectively.
In terms of participation, retail investors recorded a weekly decrease of -48.40% in average daily trade value (ADTV) while foreign investors and local institutions experienced declines in ADTV of -48.67% and -48.72% respectively.
The top three stocks with the highest net money inflow last week were Tenaga Nasional Bhd (RM4.73 mil), Axiata Group Bhd (RM2.11 mil) and RHB Bank Bhd (RM2 mil). – Jan 4, 2021. – Jan 4, 2021
