PETALING JAYA: Foreign investor was net seller last week with outflow to the tune of RM477.43 million, according to MIDF Research.
As market reopened on Monday last week, foreign investors sold RM225.46 million net of local equities, with retailers and local institutions as net buyer to the tune of RM194.06 million and RM31.40 million respectively.
“Even with the rollout of the Pfizer-BioNTech Covid-19 vaccine in Malaysia, last week, the market saw net foreign outflow every day except on Thursday. The inflow was insufficient to reverse the negative momentum. Largest foreign outflow was recorded on Monday at RM225.46 million and the smallest outflow was on Friday at only RM80.11 million,“ MIDF said in its fund flow report today.
It was the opposite for retailers. Retailers were net buyers every day last week. Largest net buying was recorded on Wednesday at RM274.05 million and smallest net purchase was on Thursday at RM90.88 million.
Meanwhile, local institutions were net sellers every day of the week, except on Monday. The mixed ending was recorded after three weeks pattern of net selling this year.
Cumulative weekly outflow was to the tune of RM461.26 million. The biggest outflow was on Thursday at RM235.35 million of last week trading period and smallest outflow was on Tuesday at RM29.31 million.
Since the beginning of 2021, cumulatively, retailers are the only net buyers of our equity market to the tune of RM3.75 billion. Local institutions and foreign investors are net sellers to the tune of RM2.05 billion and RM420 million respectively.
“In comparison to another three South East Asian markets that we tracked last week; Indonesia was the only country that recorded net inflow last week.”
In terms of participation, the retail investors, foreign investors and local institutions recorded a weekly increase of 0.43%, 8.42% and 48.83% in average daily trade value respectively.
