Foreign fund net selling at RM24.7bil in 2020


Last week at Bursa, Tenaga Nasional Bhd registered the highest net money inflow of RM4.73mil. Its share price was 2.62% lower for the week, under performing the local bourse, which had a 0.85% weekly decrease.

KUALA LUMPUR: Foreign funds’ net selling on Bursa Malaysia totalled RM24.75bil in 2020, but the selling pressure was well absorbed by local retail investors.

MIDF Research said retailers and local institutions have been net buyers in 2020.

“Retailers are net buyers to the tune of RM13.84bil, larger than local institutions at RM10.41bil, ” the research unit said in its 2020 wrap-up.

As for the week ended Dec 31, MIDF Research said foreign investors were net buyers as inflow amounted to RM8.89mil.

Last week was the second net inflow from foreign investors since early November.

Cumulatively, for December, foreign investors were net sellers with outflow of RM726.97mil, lower than the outflow in November of about RM1.03bil.

For last week, retailers were active buyers on every day of the week except on Monday.

The largest net inflow was on Tuesday and smallest on Thursday, to the tune of RM104.66mil and RM44.06mil respectively.

It was opposite for local institutions. The market saw local institutions as net sellers every day except on Thursday. Largest net selling was recorded on Wednesday at RM154.98mil and net buying was on Thursday at RM31.99mil.

Foreigners turned net sellers on Tuesday and Thursday amounting to RM43.30mil and RM76.06mil respectively. The biggest net inflow was on Wednesday at RM78.88mil.

In comparison with three other South East Asian markets which MIDF tracked last week, Thailand recorded the most foreign net inflow while Indonesia and the Philippines experienced only outflow.

Last week at Bursa, Tenaga Nasional Bhd registered the highest net money inflow of RM4.73mil. Its share price was 2.62% lower for the week, under performing the local bourse, which had a 0.85% weekly decrease.

Axiata Group Bhd saw the second highest net money inflow of RM2.11mil.

Its share price was 0.27% lower during the week.

MIDF said net money inflow amidst retreating share price may indicate a buy on weakness stance among some investors.

RHB Bank Bhd saw the third highest net money inflow of RM2mil. Its share price was down 0.91% during the week.

However, in terms of net money outflow, Top Glove Corp Bhd saw the largest net money outflow of RM20.71mil last week. Its stock price was 5.70% lower for the week.

CIMB Group Holdings Bhd recorded the second largest net money outflow at RM1.87mil during the week under review.

Its share price was up 2.63% higher during the week.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Business News

Biggest players in short-selling are getting a pass
Nothing the stock market does ever scares retail daredevils
US Senate passes US$1.9 trillion relief bill
AirAsia Group plans air taxi, drone delivery service
Tengku Zafrul: Govt tapping into more data for effective aid
AirAsia recovering well via digital transformation
Texas grid operator made $16bil price error during winter storm, watchdog says
CPO futures to see quiet trading next week
Boeing 737 MAX declared emergency after engine shutdown, lands safely
Senate stalls on Biden's US$1.9tril COVID aid bill over jobless benefits fight

Stories You'll Enjoy


Vouchers