FOREIGN investors were net sellers on Bursa Malaysia for the week ended Jan 8 with an outflow amounting to -RM337.02 mil.
As market reopened on Monday (Jan 4) last week, foreign investors sold -RM852.52 mil net of local equities with retailers and local institutions emerging as net buyers to the tune of RM493.30 mil and RM359.23 mil respectively, according to MIDF Research.
“Foreigners were only net sellers on Monday (Jan 4) and Wednesday (Jan 6) where combined outflow recorded was to the tune of -RM950.99 mil,” the research house pointed out in its weekly fund flow chart.
“(However, their) total inflow did not manage to reverse the selling momentum for last week.”
According to MIDF Research, the largest foreign inflow was recorded on Friday (Jan 8) at RM435.51 mil with the smallest inflow on Tuesday (Jan 5) at only RM41.78 mil.
For last week, retailers were active buyers except on Tuesday (Jan 5) and Friday (Jan 8). Their largest net inflow was on Monday (Jan 4) and smallest on Wednesday (Jan 6) to the tune of RM493.30 mil and RM86.69 mil respectively.
It was opposite for local institutions. The market saw local institutions as net sellers except on Monday (Jan 4) and Wednesday (Jan 6).
Their largest net selling was recorded on Friday (Jan 8) at -RM428.88 mil while their largest net buying was on Monday at RM359.23 mil.
Overall, retailers finished strong as net buyers at RM699.70 mil for the first week of 2021 while local institutions and foreign investors were net sellers at -RM362.68 mil and -RM337.02 mil respectively.
In comparison to another three Southeast Asian markets tracked by MIDF Research last week; Thailand and the Philippines recorded the highest foreign net inflow at US$8.46 bil and US$2.48 bil respectively, while Malaysia experienced the only outflow at US$85.06 mil (with Indonesia unchanged)..
In terms of participation, retail investors recorded a weekly decrease of 19.42% in average daily trade value (ADTV) while foreign investors and local institutions experienced declines in ADTV of 108.61% and 108.61% respectively.
The top three stocks with the highest net money inflow last week were Hartalega Holdings Bhd at RM8.16 mil followed by Tenaga Nasional Bhd (RM4.74 mil) and Kossan Rubber Industries Bhd (RM3.52 mil) – Jan 11, 2021
