IT WAS a continuation week of heavy outflow from Bursa Malaysia as foreign investors recorded a net outflow of -RM511.51 mil of Malaysian equities during the week ended June 17, accelerating from the previous week of -RM436.91 mil.
Foreign investors were net sellers for every trading session of the week except on Tuesday (June 14) whereby a net buying of RM9.38 mil was recorded.
“The steepest net selling days by foreigners were Monday (June 13) and Wednesday (June 15) at -RM163.20 mil and -RM146.28 mil respectively,” observed MIDF Research in its weekly fund flow report.
Local institutions continued to be net buyers again at RM288.68 mil after being net sellers for four consecutive weeks since week ended on May 13. They were joined by local retailers who remained net buyers at RM222.85 mil.
To date, international funds have been net buyers for 17 out of the 24 weeks of 2022 with a total net inflow of RM6.45 bil.
According to MIDF Research, local institutions began the week as net buyers at RM99.89 mil on Monday (June 13), their strongest net buying day before becoming net sellers on the following day at -RM21.13 mil.
Thereafter, they continue to be net buyers again for the rest of the week, starting from Wednesday (June 15) to Friday (June 17).
Local institutions have been net sellers for 19 out of 24 weeks this year. To date, they have sold -RM7.98 bil of equities.
Meanwhile, local retailers were net buyers every day of the week to a total value of RM222.85 mil. Their strongest net buying day was Wednesday (June 15) and Monday (June 13) to the tune of RM63.89 mil and RM63.31 mil respectively.
Local retailers have been net buyers for 15 out of 24 weeks of 2022. Year-to-date (YTD), they have been net buyers at RM1.53 bil.
In terms of participation, foreign investors, institutional investors and retail investors showed a weekly growth in the average daily trade value (ADTV) at 47.61%, 7.98% and 3.04% respectively.
In terms of sectors, financial services, industrial products and services, and utilities saw the highest net outflow by foreigners amounting to -RM141.6 mil, -RM105.7 mil and -RM83.9 mil. The biggest net buying by foreigners was in the plantation sector with RM61.8 mil.
In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Thailand posted the biggest outflow at US$352.11 mil followed by Malaysia (US$115.98 mil), Indonesia (US$92.56 mil) and the Philippines (US$69.02 mil).
The top three stocks with the highest net money inflow last week were Press Metal Aluminium Holdings Bhd (RM5.37 mil) followed by RHB Bank Bhd (RM3.38 mil) and Sime Darby Bhd (RM3.02 mil). – June 20, 2022
