FOREIGN investors remained net buyers in Bursa Malaysia for the week ended Sept 17 with a net inflow amounting to RM125.97 mil – the sixth consecutive week of net buying by foreign investors.

As the market reopened last Monday (Sept 13), foreign investors were net buyers amounting to RM58.39 mil. While retailers also followed suit by mopping up RM63.50 mil of equities in the local bourse, local institutions were net sellers to the tune of -RM121.89 mil.

“Foreign investors were net buyers for everyday of the week except on Friday (Sept 17),” observed MIDF Research in its weekly fund flow report. “Their largest inflow was recorded on Wednesday (Sept 15) while the smallest inflow was on Monday (Sept 13) to the tune of RM76.96 mil and RM58.39 mil respectively.”

The only net selling by foreign investors during the four-day trading week (Malaysia Day was celebrated on Thursday or Sept 16) occurred on Friday (Sept 17) amounting to -RM72.65 mil.

Meanwhile, retailers were net buyers during the entire week. Their largest net buying was recorded on Friday (Sept 17) while their smallest net buying took place on Wednesday (Sept 15) to the tune of RM81.57 mil and RM6.97 mil respectively.

Cumulatively, retailers net bought RM211.55 mil worth of equities in Bursa Malaysia during the week.

However, local institutions recorded cumulative weekly net selling to the tune of -RM337.92 mil. They were net sellers during the whole week with the largest and smallest net selling happening on Tuesday (Sept 14) and Friday (Sept 17) at -RM123.18 mil and RM8.92 mil respectively.

Since the beginning of 2021, retailers are cumulatively the only net buyers in Bursa Malaysia amounting to RM10.04 bil while local institutions and foreign investors were net sellers to the tune of -RM6.38 bil and -RM3.66 bil respectively.

In terms of participation retail investors, local institutions and foreign investors recorded a weekly movement of 4.67%, -6.08% and 45.97% respectively in average daily trade value (ADTV).

In comparison with another three Southeast Asian markets tracked by MIDF Research last week, Indonesia posted the biggest net inflow at US$115.3 mil followed by the Philippines (US$52.41 mil), Malaysia (US$30.36 mil) and Thailand (US$20.77 mil).

The top three stocks with the highest net money inflow last week were Malayan Banking Bhd (Maybank) (RM7.18 mil), To Glove Corp Bhd (RM3.93 mil) and IHH Healthcare Bhd (US$3.31 mil). – Sept 20, 2021

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