Net foreign inflow in Bursa after six weeks of outflow

KUALA LUMPUR: Bursa Malaysia saw net foreign inflow of RM191.3 million last week after six weeks of net foreign outflows.

MIDF Research said in a report that foreigners were net buyers for every day of the week last week.

The highest net foreign inflow was recorded on Monday at RM81.7 million, followed by Friday at RM72.8 million and Thursday at RM21.6 million

Local institutions continued to be net sellers for the second consecutive week after selling RM87.0 million worth of equities last week.

They started off the week by net selling RM60.2 million on Monday and RM19.3 million on Tuesday.

They then briefly net bought RM5.6 million on Wednesday and RM0.8 million on Thursday, before turning to net sellers again on Friday after selling RM14.0 million.

Local retailers ended their net buying streak last week after they net sold RM104.2 million worth of equities.

“They were net selling every day last week except on Tuesday when they net bought RM4.2 million while Friday saw the heaviest net outflow from the retailers at RM58.8 million,” it stated.

In terms of the sectors, MIDF Research noted  the top three sectors with the highest net inflows from foreigners were financial services, technology and utilities at RM141.9 million, RM39.2 million and RM37.5 million respectively.

Only two sectors saw foreign net outflows which were industrial products and services at RM145.6 million and transport at RM2.5 million.

In terms of participation, there was an increase in average daily trade value (ADTV) among all investor classes.

Retail investors posted growth in ADTV of 40.8 per cent, while institutional and foreign investors saw growth of 47 per cent and 42.4 per cent respectively.

The FTSE Bursa Malaysia KLCI gained 3.34 per cent last week, closing at 1,465.80 points on Friday.

“As for the ringgit, it saw a weekly depreciation of about -0.1 per cent to close at USD/MYR 4.4530 last week.

“Meanwhile, the Brent crude oil price was higher by two per cent for the week, closing at USD103.20 per barrel,” it noted.


Leave a Reply