KUALA LUMPUR (May 31): Foreign investors continued to be net buyers of Malaysian equities last week, with the inflow increasing to RM190.2 million from RM32.43 million in the prior week.
This was the second inflow registered after nine consecutive weeks of net outflows.
MIDF Research said in a note today that as the market reopened last Monday, foreign investors sold RM43.6 million net of local equities, with retailers and local institutions both as net buyers and net sellers to the tune of RM50.3 million and RM6.7 million respectively.
According to MIDF, foreign investors were net buyers every day except for Monday.
The largest foreign inflow was recorded last Friday at RM113.3 million and the smallest inflow was on Tuesday at RM20.5 million.
Meanwhile, the only outflow was recorded last Monday.
As for retailers, it said, they were net buyers every day.
The largest net buying by retailers was recorded last Monday at RM50.3 million, while the smallest net buying was on Friday at RM15.3 million.
Cumulatively, for the week, retailers net bought RM147.9 million worth of equities on Bursa Malaysia.
Meanwhile, local institutions’ cumulative weekly outflow was to the tune of RM338.1 million.
The biggest net selling was on Thursday at RM137.9 million, while the smallest net selling happened last Monday at RM6.7 million.
MIDF noted that since the beginning of 2021, cumulatively, retailers were the only net buyers of the equity market to the tune of RM6.5 billion.
It added that for the same period, local institutions and foreign investors were net sellers to the tune of RM3.4 billion and RM3.1 billion respectively.
In terms of participation, MIDF said, retail investors recorded a weekly decrease of 2.4%, while local institutions and foreign investors recorded weekly increases of 6.4% and 101.9% respectively in average daily trade value (ADTV).
