AFTER a spate of selling activities over the past two months, foreign investors turned net buyers of Malaysian equities for the week ended May 21 with a modest inflow of RM32.4 mil.
This was the first inflow registered after nine consecutive weeks of posting net outflows.
As the market re-opened last Monday (May 17), foreign investors sold -RM74.3 mil net of local equities with retailers and local institutions emerging net buyers to the tune of RM4.16 mil and RM70.1 mil respectively.
“Foreign investors were net buyers every day except for Monday (May 17) and Wednesday (May 19),” observed MIDF Research in its weekly fund flow report. The largest foreign inflow was recorded on Thursday (May 20) at RM58.9 mil while the smallest inflow was on Tuesday (May 18) at +RM27.7 mil.”
Meanwhile, retailers were net buyers every day except for Friday (May 21). Their largest net buying was recorded on Wednesday (May 19) at RM49.6 mil while their smallest net buying was on Tuesday (May 18) at RM3.8 mil.
The only outflow recorded amounted to -RM15.7 mil. Cumulatively, for the week, retailers net bought RM67.7 mil worth of equities in Bursa.
As for local institutions, their cumulative weekly outflow was to the tune of -RM100.2 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers of in Bursa Malaysia to the tune of RM6.3 bil. Both local institutions and foreign investors have been net sellers to the tune of -RM3.0 bil and -RM3.3 bil respectively.
In terms of participation, retail investors, local institutions and foreign investors recorded a weekly increase of +38.5%, +41.0% and +46.1% respectively in their average daily trade value (ADTV).
In comparison to another three Southeast Asian markets tracked by MIDF Research last week, Malaysia was the only market which posted net inflow with US$7.79 mil while Thailand recorded the biggest outflow at US$260.53 mil followed by the Philippines (US$54.48 mil) and Indonesia (US$31.90 mil).
The top three stocks with the highest net money inflow last week were Hartalega Holdings Bhd (RM5.11 mil), Public Bank Bhd (RM3.72 mil) and British American Tobacco (M) Bhd (RM2.67 mil). – May 24, 2021
