PETALING JAYA: Foreign investor turned net buyer of Malaysian equities last week, which saw inflow amounting to RM285.83 million, according to MIDF Research.
As the market reopened last Monday, foreign investors bought RM50.30 million net of local equities, with retailers and local institutions as net buyers and net sellers to the tune of RM121.06 million and RM171.36 million respectively.
Foreign investors were net buyers every day except Thursday during last week, echoing the positive sentiment emanating from the roll-out of the Covid-19 vaccine programme in Malaysia, and lifted movement control order in Kuala Lumpur, Selangor, Penang and Johor which came into effect on March 5, 2021.
“On a year-to-date basis, foreign net selling this year have came in lower when compared against the same period last year. Net selling by foreigners was RM1.42 billion for 2021 thus far, as compared to RM3.30 billion over the same period in 2020,“ MIDF said in its fund flow report today.
As for the retailers, they were net buyers every day last week. Largest net buying was recorded on Monday at RM121.06 million and smallest net purchase was on Tuesday at RM22.45 million.
Meanwhile, local institutions were net sellers every day of the week, except on Thursday. The mixed ending was recorded after four weeks pattern of net selling this year.
Cumulative weekly outflow was to the tune of RM590.40 million. The biggest net selling was on Tuesday at RM262.62 million while the smallest net selling was on Friday at RM83.34 milllion.
“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM4.05 billion. Local institutions and foreign investors were net sellers to the tune of RM2.64 billion and RM1.42 billion respectively.”
In terms of participation, the retail investors, foreign investors and local institutions recorded a weekly decrease of 21.51%, 30.48% and 22.37% in average daily trade value respectively.
