BURSA Malaysia continued to experience outflow last week, albeit at a slower pace. Accordingly, the FBM KLCI saw slight recovery despite ending below the 1,500 mark again on Friday (June 24) at 1,436.70.
Foreign investors were net sellers again last week particularly on Monday (June 20) and Wednesday (June 22) which saw net outflows of -RM17.2 mil and -RM189.5 mil respectively.
“Before the heavy selling on Wednesday (June 22), they had net bought RM133.7 mil worth of Malaysian equities on Tuesday (June 21),” observed MIDF Research in its weekly fund flow report.
“While we saw a return to net inflow on Thursday (June 23) and Friday (June 24) amounting to RM5 mil and RM6.5 mil respectively, it was not enough to turn the tide for the week. As a result, the week ended with a net outflow of -RM61.5 mil by foreign investors.”
Similarly, local institutions turned into net sellers again last week after emerging net buyers for two consecutive weeks albeit at a marginal pace of -RM7.9 mil. The only days that saw inflows from local institutions were on Wednesday (June 22) and Friday (June 24) to the tune of RM146.1 mil and RM20.3 mil respectively.
Meanwhile, local retailers continued to be net buyers last week with RM24.5 mil on Monday (June 20), RM43.4 mil on Wednesday (June 22) and RM36.6 mil on Thursday (June 23).
As such, the week ended with local retailers supporting the market with a net buy of RM69.4 mil for the week.
Year-to-date, local retailers and foreign investors have been net buyers with total net inflows of RM1.64 bil and RM6.45 bil respectively while local institutions have been net sellers for 20 out of 25 trading weeks with a total net outflow of -RM8.09 bil.
In terms of participation, retail investors, institutional investors, and foreign investors have all recorded weekly declines in average daily trade value (ADTV) at -15%, -5.9% and -48% respectively.
In comparison with three other Southeast Asian markets tracked by MIDF Research last week, Thailand again posted the biggest outflow at US$311.22 mil followed by Indonesia (US$281.92 mil), the Philippines (US$36.55 mil) and Malaysia (US$13.90 mil).
The top three stocks with the highest net money inflow last week were Petronas Chemicals Group Bhd (RM9.69 mil) followed by Public Bank Bhd (RM5.01 mil) and CIMB Group Holdings Bhd (RM4.23 mil). – June 27, 202
