Offshore funds acquire RM131.2mil net of Bursa equities in week ended April 30


KUALA LUMPUR: Foreign investors stayed net buyers of Malaysian equities in the week ended April 30, 2022, to the tune of RM131.2mil.

According to MIDF research data, the inflow was in line with other Asean markets, which outperformed major Asian markets in terms of foreign interest.

"We opine that the net outflow [in Asia] seen last week indicated that investors are still worried over the hawkish stance by the Fed, the ongoing Russia and Ukraine crisis and Shanghai’s extended lockdown which dampen the already existing global supply chain issues.

"Nonetheless, interests continue to flow into Asean markets such as Malaysia as it stands to benefit from rising commodity prices," said MIDF.

Year-to-date, Bursa Malaysia has recorded a net total inflow of RM7.3bil.

While offshore investors have been entering the domestic market, local institutions continued a negative trend, with net selling of RM190mil last week.

"They have been net sellers for 12 consecutive weeks since the week ended 11-Feb and have been net sellers for 15 out of 17 weeks this year. To date, they have sold -RM8.0b of equities," said MIDF.

Meanwhile, local retailers remained net buyers with RM58.8mil net of local equities purchased.

Over the year so far, local retailers have been net buyers of RM672.2mil of equities.

In terms of participation, foreign investors saw an increase in the average daily trade value (ADTV) by 5.56% followed by local institutions and local retailers at 3.62% and 2.26% respectively.

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