FOREIGN investors continue to be the net seller of Malaysian equities for the week ended April 23 which saw an escalated outflow of -RM490.30 mil from -RM235.26 mil the previous week.
As the market re-opened last Monday (April 19), foreign investors sold -RM142.17 mil net of local equities with retailers and local institutions both being net buyers to the tune of RM48.77 mil and RM93.40 mil respectively.
“Foreign investors were net sellers every day except on Tuesday (April 20),” observed MIDF Research in its weekly fund flow report.
“The largest foreign outflow was recorded on Wednesday (April 21) at -RM258.17 mil while the smallest outflow was on Thursday (April 22) at -RM51.19 mil. The only inflow recorded amounted to RM27.50 mil.”
Meanwhile, retailers were net buyers every day during the week except on Thursday (April 22) and Friday (April 23).
Their largest net buying was recorded on Wednesday (April 21) at RM125.58 mil while the smallest net buying happened on Tuesday (April 20) at RM9.66 mil.
Cumulatively, retailers net bought RM171.68 mil worth of equities in Bursa Malaysia during the week.
As for local institutions, their cumulative weekly inflow stood at RM318.63 mil during the week.
The biggest net buying took place on Wednesday (April 21) at RM132.59 mil while the smallest net buying was to the tune of RM53.04 mil. The only net selling happened on Tuesday (April 20) at -RM37.16 mil.
Since the beginning of 2021, retailers have cumulatively been the only net buyers at Bursa Malaysia to the tune of RM5.68 bil, while local institutions and foreign investors were net sellers to the tune of -RM3.18 bil and -RM2.49 bil respectively.
In terms of participation, retail investors, local institutions, and foreign investors recorded a weekly increase of 21.08%, 21.08% and -0.27% respectively in terms of average daily trade value (ADTV).
In comparison to another three Southeast Asian markets tracked by MIDF Research last week, all four markets posted net outflow, led by Thailand with US$278.34 mil followed by Malaysia (US$119.04 mil), the Philippines (US$91 mil) and Indonesia (US$57.85 mil).
The top three stocks with the highest net money inflow last week were Hartalega Holdings Bhd (RM13.97 mil), Public Bank Bhd (RM2.64 mil) and Kossan Rubber Industries Bhd (RM1.92 mil). – April 26, 2021
