PETALING JAYA: Foreign investor was net buyer last week with inflow amounting to RM326.06 million, according to MIDF Research.
As market reopened on Monday last week, foreign investors bought RM87.85 million net of local equities, with retailers and local institutions as net buyers and net sellers to the tune of RM1.59 million and RM89.45 million respectively.
“Contrary to expectation, emergency declaration by Prime Minister last week did not spark mass exodus of foreign investors from our equity market. Foreign investors were net buyers every day during last week. Largest foreign inflow was recorded on Wednesday at RM127.24 million at the smallest inflow was on Friday at only RM3.69 million,“ MIDF said in its fund flow report today.
It was opposite for local institutions. Local institutions were net sellers every day for last week. Largest net selling was recorded on Tuesday at RM103.43 million and smallest net outflow was on Thursday at RM12.28 million.
Retailers were buyers except on Wednesday. Despite the net buying activities, overall daily inflows were small and recorded below RM7.0 million except on Friday. The largest net inflow was on Friday and smallest on Tuesday, to the tune of RM67.56 million and RM1.50 million respectively.
Overall, for third week of 2021, retailers are the only net buyers at RM735.89 million while local institutions and foreign investors were net sellers at RM724.94 million and RM10.96 million.
“In comparison to another three South East Asian markets that we tracked last week; Thailand, Indonesia and Malaysia recorded foreign net inflow Philippines experienced the only net outflow.”
In terms of participation, the retail investors recorded a weekly decrease of 3.63% in average daily trade value (ADTV) while the foreign investors and local institutions experienced declines in ADTV of 4.89% and 18.08% respectively.
