FOREIGN investors remained net buyers on Bursa Malaysia for the week ended Aug 20 – the second week in a row – which saw marginal inflow amounting to +RM6.71 mil.
As the market reopened last Monday (Aug 16), foreign investors were net buyers amounting to RM20.84 mil alongside retailers who mopped up +RM97.48 mil worth of equities on the local bourse while local institutions were net sellers amounting to -RM118.32 mil.
“Foreign investors were net sellers for two days during the week,” observed MIDF Research in its weekly fund flow report.
Their largest outflow was recorded on Thursday (Aug 19) with the smallest outflow on Friday (Aug 20) to the tune of -RM119.46 mil and -RM23.12 mil respectively.
However, Monday (Aug 16), Tuesday (Aug 17) and Wednesday (Aug 18) saw foreigners emerging net buyers to the tune of +RM20.84 mil, +RM96.58 mil and +RM31.87 mil.
Meanwhile, retailers, were net buyers for everyday of the week. Their largest net buying was recorded on Monday (Aug 16) while their smallest net purchase happened on Friday (Aug 20) to the tune of +RM13.87 mil.
Cumulatively, retailers net bought RM202.56 mil worth of equities on Bursa Malaysia during the week while local institutions recorded a cumulative weekly net selling amounting to -RM209.27 mil.
They were net sellers on Monday (Aug 16), Tuesday (Aug 17) and Wednesday (Aug 18) with their largest net selling occurred on Tuesday to the tune of -RM118.67 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers on Bursa Malaysia to the tune of +RM9.58 bil while local institutions and foreign investors have been net sellers amounting to -RM3.61 bil and -RM5.97 bil respectively.
In terms of participation, retail investors, local institutions and the foreign investors recorded a weekly movement of 6.82%, 12.26% and 23.56% respectively in average daily trade value (ADTV).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia posted the biggest inflow at US$131.71 mil followed by Malaysia (US$1.59 mil) while Thailand and the Philippines saw an outflow of US$76.98 mil and US34.69 mil respectively.
The top three stocks with the highest net money inflow last week were Public Bank Bhd (RM2.75 mil), Bursa Malaysia Bhd (RM2.04 mil) and Gamuda Bhd (RM1.99 mil). – Aug 23, 2021
