FOREIGN investors remained net sellers of Malaysian equities for the week ended April 9 with a lesser outflow amounting to -RM77.90 mil from the previous week’s -RM173.24 mil.
As the market re-opened last Monday (April 5), foreign investors sold -RM41.54 mil net of local equities with retailers and local institutions emerging net buyers and net sellers respectively to the tune of +RM60.65 mil and -RM18.91 mil respectively.
“Foreign investors were net sellers every day except on Wednesday (April 7),” revealed MIDF Research in its weekly fund flow report.
“The largest foreign outflow was recorded on Tuesday (April 6) at -RM94.58 mil while the smallest outflow was on Monday (April 5) at -RM41.54 mil.”
The only inflow was recorded on Wednesday (April 7) at +RM151.59 mil.
Meanwhile, retailers were net buyers every day except on Wednesday (April 7). Their largest net buying was recorded on Monday (April 5) at +RM60.45 mil while their smallest net purchase was on Thursday (April 8) at +RM7.87 mil.
Cumulatively, retailers net bought +RM88.84 mil worth of equities in Bursa Malaysia for the week.
On the other hand, the cumulative weekly outflow of local institutions stood at -RM10.92 mil.
Their biggest net buying was on Tuesday (April 6) at +RM50.69 mil while the smallest net buying was on Thursday (April 8) at +RM35.64 mil. Their biggest net selling happened on Wednesday (April 7) at -RM114.54 mil.
Since the beginning of 2021 retailers are cumulatively the only net buyers of in Bursa Malaysia the tune of RM5.41 bil while local institutions and foreign investors have been net sellers to the tune of -RM3.64 bil and -RM1.77 bil respectively.
In terms of participation, the retail investors, local institutions and foreign investors recorded a weekly decrease of -7%, -9.77% and -7.21% respectively in average daily trade value (ADTV).
In comparison to another three Southeast Asian markets tracked by MIDF Research last week, Thailand was the only market to post an inflow with US$66.64 mil while Indonesia recorded the biggest net outflow at US$126.73 mil followed by the Philippines (US$47.30 mil) and Malaysia (US$18.82 mil).
The top three stocks with the highest net money inflow last week were Public Bank Bhd (RM3.5 mil), Kuala Lumpur Kepong Bhd (RM3.25 mil) and Top Glove Corp Bhd (RM3.18 mil). – April 12, 2021
