Foreign funds return to Bursa Malaysia

KUALA LUMPUR: Foreign investors were back in buying mode on Bursa Malaysia last week, acquiring RM293.36mil net of local equities from an outflow of RM341.94mil a week prior.

“This was the first week of net buying by foreign investors, after one week of outflow previously,” MIDF Research said in its weekly fund flow report.

The research house said as the market reopened last Monday, local institutions were net buyers amounting to RM103.04mil. Retailers and foreign investors were net sellers to the tune of RM19.09mil and RM83.94mil respectively.

MIDF noted that foreign investors were net buyers for the majority of the week except on Monday and Tuesday.

The largest foreign inflow was recorded on Wednesday and the largest outflow on Monday to the tune of RM135.62mil and RM83.94mil respectively.

Meanwhile, retailers were net sellers for the majority of the week except on Tuesday and Friday. The largest net selling by the retailers was recorded on Wednesday at RM38.71mil and the largest net buying was on Tuesday to the tune RM23.88mil.

MIDF said that cumulatively, for the week, retailers net sold RM68.01mil worth of equities on Bursa Malaysia.

Local institutions recorded cumulative weekly net selling to the tune of RM225.33mil.

Local institutions were net sellers for every day of the week except on Monday with largest net selling on Friday to the tune of RM125.92mil, while the only inflow on Monday amounted to RM103.04mil.

“Since the beginning of 2021, cumulatively, retailers were the only net buyers of our equity market to the tune of RM10.40bil.

“Local institutions and foreign investors were net sellers to the tune of RM6.71bil and RM3.69bil, respectively,” MIDF said.

In terms of participation, retail investors, local institutions and the foreign investors recorded weekly movements of -15.32%, +15.07% and +32.12% respectively in average daily trade value.