Foreign buyer changes course, turn net buyers

  • Markets
  • Monday, 14 Sep 2020

KUALA LUMPUR: Foreign funds changed course by turning to be net buyers to the tune of RM70.91mil in comparison to net selling the previous week, according to MIDF Research.

“This was the first net inflow of September where the first week of the month saw foreign investors as net sellers at RM589.38mil.

“Combined, for the first two weeks of September, foreign investors were net sellers to the tune of RM518.47mil,” MIDF said in its weekly fund flow report.

The research house noted that retailers are net buyers of RM456.61mil worth of equities last week, with local institutions at -RM527.51mil net during the same period.

MIDF said last week was the 10th consecutive weeks of local retailers as net buyers on Bursa Malaysia to the tune of net RM5.03bil, in comparison of local institutions as net sellers at RM707.40mil and foreign investors at -RM4.02bil since early July.

MIDF said foreign selling happened only on Monday and Tuesday at net outflows of RM72.45mil and RM11.52mil respectively, before buying momentum started on Wednesday.

The largest net inflow was on Thursday at RM94.81mil and the smallest was on Friday at RM1.33mil.

“So far in 2020, foreign investors net selling has amounted to RM20.87bil worth of equities on Bursa. Local players, institutions are net buyers at RM10.88bil and retailers at RM9.61bil,” MIDF said.

“In comparison to the other three south east Asian markets that we tracked last week; Philippines recorded the least foreign net outflow while Indonesia experienced the biggest outflow compared to the others,” it added.

In terms of participation, the retail investors recorded a weekly increase of 21.28% in average daily trade value (ADTV) while the foreign investor experienced the decrease of ADTV of 14%.

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MIDF , fund flow , Bursa Malaysia


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