FOREIGN investors reversed their buying momentum after two consecutive weeks of buying spree as they became net seller of Malaysian equities for the week ended June 4, with an outflow of -RM135.63 mil.
As the market re-opened last Monday (May 31), foreign investors bought +RM60.45 mil net of local equities with retailers and local institutions being net buyers and net sellers respectively to the tune of +RM6.21 mil and -RM66.66 mil respectively.
“Foreign investors were net sellers on most of the days last week with net selling occurring on Tuesday (June 1), Thursday (June 3) and Friday (June 4),” observed MIDF Research in its weekly fund flow report.
“The largest foreign inflow was recorded on Wednesday (June 2) at +RM139.16 mil while the largest outflow was on Friday (June 4) at -RM232.90 mil.”
As for the retailers, they were net buyers every day except on Wednesday (June 2). Their largest net buying was recorded on Tuesday (June 1) at +RM257.22 mil with their smallest net buying on Monday (May 31).
Cumulatively, retailers net bought +RM428.89 mil worth of equities in Bursa Malaysia during the week.
Meanwhile, the cumulative weekly outflow for local institutions was to the tune of -RM293.26 mil. Net selling occurred from Monday (May 31) to Wednesday (June 2) before they turned net buyers for the remainder of the week.
The biggest net selling by local institutions was on Tuesday (June 1) at -RM216.10 mil while the smallest net selling happened on Monday (May 31). Conversely, their largest net buying was on Friday (June 4) to the tune of +RM106.3 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers in the Malaysian equity market to the tune of RM6.90 bil. Local institutions and foreign investors were both net sellers to the tune of -RM3.67 bil and -RM3.23 bil respectively.
In terms of participation, retail investors recorded a weekly increase of +8.83% while local institutions, and foreign investors recorded a weekly decrease of -0.15% and -61.14% respectively in average daily trade value (ADTV).
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Malaysia was the only market which posted a net outflow with US$32.83 mil while Indonesia raked in the most inflow with US$187.41 mil followed by Thailand (US$166.19 mil) and the Philippines (US$108.50 mil).
The top three stocks with the highest net money inflow last week were Top Glove Corp Bhd (RM4.75 mil), Hartalega Holdings Bhd (RM3.54 mil) and Kuala Lumpur Kepong Bhd (RM3.48 mil). – June 8, 2021
