Foreign selling on Bursa rises to RM268mil last week

KUALA LUMPUR: Foreign selling on Bursa Malaysia rose marginally to RM268.8mil for the week ended November 20 compared with RM246.32mil a week before, according to MIDF Research.

The research house said as market reopened on Monday last week, foreign investors sold RM126.4mil net of local equities, with retailers and local institutions as net buyers at RM15.0mil and RM111.4mil respectively

However, MIDF said for retailers buying momentum was reversed mid-week with the largest outflow was on Wednesday to the tune of RM107.52mil.

This was followed by local institutions momentum as well, but it recovered on Thursday with the largest inflow of the week at RM162.76mil.

Local institutions ended the week with net inflows of RM269.84mil and retailers net sold to the tune of only RM1.05mil.

“Retailers stopped its buying streak in the 6th week after 5 week of buying momentum. We posit that last week was a mild profit taking from retailers as following the recent rally on the vaccines news. This has tapered down as of now, pending for more concrete trial results in the future,” it noted.

Foreign investors participation last week were mostly recorded as net outflow with the largest inflow at RM169.66mil on Wednesday and largest outflow was on Thursday at RM170.54mil.

“So far in 2020, foreign investors net selling has reached RM23.40bil worth of equities on Bursa. In comparison to another three South-East Asian markets that we tracked last week; Thailand recorded the most foreign net inflow while Malaysia experienced the biggest outflow compared to the others,” MIDF said.

The research house added that net buying amounted to RM11.82bil came from retailers thus far in 2020, while local institution bought to the tune of RM11.21bil.

In terms of participation, the retail investors recorded a weekly decrease of 0.20% in average daily trade value (ADTV) while the foreign investor experienced decrease of ADTV of 16.08% and local institution at ADTV of 5.25%.

Last week, Maybank registered the highest net money inflow of RM5.06mil. Dialog saw the second highest net money inflow of RM2.79mil while RHB saw the third highest net money inflow of RM2.19.

On the other hand, Genting Malaysia saw the largest net money outflow of RM5.04mil last week.

Genting Bhd recorded the second largest net money outflow RM3.89mil and CIMB registered the third largest net money outflow of RM3.22mil last week.

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fund flow , Bursa Malaysia , MIDF Research


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