Retailers lead charge in Bursa to the tune of RM2.1 bil thus far in 2021

FOREIGN investors emerged the biggest net sellers in Bursa Malaysia for the week ended Feb 12 with an outflow of -RM40.57 mil.

As market reopened on Monday (Feb 8) last week, foreign investors sold -RM107.18 mil net of local equities with retailers and local institutions being net buyers and sellers to the tune of RM123.09 mil and -RM15.91 mil respectively, according to MIDF Research.

Last week was a four-day trading period which ended on Thursday (Feb 11).

“The market saw net foreign outflow for the first half of the week followed by net inflow for the subsequent half,” the research house pointed out in its weekly fund flow report. “(However), the inflow was insufficient to reverse the negative momentum.”

The largest foreign outflow was recorded on Monday (Feb 8) while the largest inflow was on Thursday (Feb 11) at only RM41.84 mil.

However, it was the opposite for retailers who were net buyers for the first half of the week, before turning into net sellers for the later part of the week.

Still, the net outflow was not able to the reverse the buying momentum. Their largest net buying was recorded on Monday (Feb 8) at RM123.09 mil whereas their largest net outflow was recorded on Thursday (Feb 11) at -RM14.32 mil.

“Meanwhile, local institutions were net sellers every day of last week,” observed MIDF Research. “This pattern of net selling has been ongoing for the second week this year.”

The cumulative weekly outflow amounted to -RM92.72 mil. The biggest outflow was on Wednesday (Feb 10) while the smallest outflow was on Monday (Feb 8) at -RM15.91 mil.

On a cumulative basis, retailers are the only net buyers at the Malaysian equity market to the tune of RM2.11 bil since the beginning of 2021.

Local institutions and foreign investors are net sellers to the tune of -RM1.35 bil and -RM760 mil respectively.

In comparison to another three Southeast Asian markets tracked by MIDF Research last week, Malaysia and Indonesia were the only country that recorded net outflow with US$9.88 mil and US$29.26 mil respectively.

Both Thailand and the Philippines recorded inflow of US$103.65 mil and US$9.33 mil.

In terms of participation, retail investors recorded a weekly decrease of -10.05% in average daily trade value (ADTV) while foreign investors and local institutions experienced declines in ADTV of -38.19% and -18.45% respectively.

The top three stocks with the highest net money inflow last week were Genting Plantations Bhd with RM1.67 mil followed by My E.G. Services Bhd (RM1.44 mil) and Carlsberg Brewery Malaysia Bhd (RM900 mil). – Feb 15, 2021

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