KUALA LUMPUR – Foreign investors and local retailers were net buyers on Bursa Malaysia for the week ending March 25, which saw a total net inflow of RM565.6 million while net inflows from foreign investors amounted to RM525.8 million, MIDF Research said.
In its equity strategy report today, the investment bank said international funds have been net buyers on Bursa Malaysia for 10 out of 12 weeks, with a net inflow of RM6.12 billion year-to-date.
Foreign investors turned net sellers at -RM8.6 million on Monday when the market reopened last week, ending its 30-day streak of net buying, but turned net buyers again for the rest of the week.
The largest foreign inflows were recorded on Thursday at RM176.5 million, Tuesday at RM134.3 million, and Friday at RM114.5 million.
For last week, local institutions ended its 31-day net selling streak on Monday with a net buy of RM58.3 million before turning net sellers again from Tuesday to Friday.
The largest net outflow was recorded on Tuesday at RM225.2 million, Thursday at RM191.7 million, and followed by Wednesday at RM105 million.
“Overall, local institutions were net sellers at US$565.5 million (RM2.4 billion),” MIDF Research said.
Meanwhile, retailer movements were mixed last week with three days of net selling and two days of net buying, culminating with a net buying position for the week, at RM39.9 million.
Retailers were net sellers on Monday at RM49.8 million, Wednesday at RM4 million, and Friday at RM12.4 million, but turned net buyers on Tuesday at RM90.94 million and Thursday at RM15.21 million.
In terms of participation, only local institutions saw an increase in average daily trade value (ADTV) by +5.74%, while foreign investors and local institutions recorded declines of -61.77% and -8.87%, respectively.
“On a year-to-date basis, local institutions were net sellers to the tune of RM6.61 billion while local retailers were net buyers at RM492.8 million,” MIDF Research said.
Last week, Press Metal Aluminium Holdings Bhd registered the highest net money inflow of RM2.4 million. However, its share price was -1.57% lower for the week, underperforming the local bourse which had a +0.76% weekly increase.
Meanwhile, Petronas Chemicals Group Bhd saw the largest net money outflow of -RM6.24 million last week, with its stock price ending +2.13% higher for the week, outperforming FBM KLCI which was +0.76% higher during the week under review. – Bernama, March 28, 2022
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