FOREIGN investors have remained net sellers of Malaysian equities for the week ended April 30 with an outflow of -RM376.46 mil which was somehow lower than the previous week’s -RM490.30 mil.
As the market reopened last Monday (April 26), foreign investors bought +RM150.03 mil net of local equities with retailers and local institutions both emerging net buyers and net sellers to the tune of +RM14.65 mil and -RM164.69 mil respectively.
“Except on Monday (April 26), foreign investors were net sellers every day of the week,” observed MIDF Research in its weekly fund flow report. “The largest foreign outflow was recorded on Tuesday (April 27) at -RM229.60 mil while the smallest was on Wednesday (April 28) at -RM80.02 mil.”
Interestingly, retailers were net buyers every day of the week. Their largest net buying was recorded on Tuesday (April 27) at RM137.78 mil with the smallest purchase being on Monday (April 26) at RM14.65 mil.
Cumulatively, retailers net bought RM329.34 mil worth of equities on Bursa Malaysia last week.
Meanwhile, local institutions posted a cumulative weekly inflow to the tune of RM47.11 mil.
Their biggest net buying was on Friday (April 30) at RM134.07 mil while their smallest net buying was on Tuesday (April 27) at RM91.82 mil. Their net selling happened on Monday (April 26) and Wednesday (April 28) at -RM164.69 mil and -RM14.09 mil respectively.
Since the beginning of 2021, retailers are cumulatively the only net buyers of Malaysian equities to the tune of RM6.01 bil while local institutions and foreign investors were net sellers amounting to -RM3.14 bil and -RM2.87 bil respectively.
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly increase of +12.66%, +5.93% and +14.86% respectively on average daily trade value (ADTV).
In comparison to another three Southeast Asian markets tracked by MIDF Research last week, Thailand was the only market that posted net outflow with US$106.10 mil while Malaysia experienced the highest outflow at -US$91.98 mil followed by the Philippines (-US$55.28 mil) and Indonesia (-US$39.67 mil).
The top three stocks with the highest net money inflow last week were Kossan Rubber Industries Bhd (RM2.8 mil), Inari Amerton Bhd (RM2.75 mil) and AMMB Holdings Bhd (RM870,000). – May 3, 2021
