Friday 29 Mar 2024
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KUALA LUMPUR (March 21): Foreign investors were the only net buyers last week, during which the total net inflow stood at RM1.18 billion on the back of bargain-hunting activities, according to MIDF Research's fund flow report on Monday (March 21).

International funds have been net buyers on Bursa Malaysia for nine out of the first eleven weeks of 2022, according to MIDF.

“We noted that last week, net buying by foreign investors was the highest for the year, totalling RM1.18 billion. The previous highest net buying by foreigners was in the week ended March 4 with RM1.08 billion,” it added.

According to MIDF, as the market reopened last Monday, foreign investors and local retailers bought RM219.24 million and RM35.27 million net of local equities respectively.

Meanwhile, local institutions started the week as net sellers to the tune of RM254.5 million.

“Foreigners continued to be net buyers every day of the week since Feb 7. The largest foreign net inflow last week was recorded on Wednesday at RM396.27 million and the smallest inflow was on Friday at only RM31.81 million,” said MIDF.

MIDF added that local institutions were active sellers last week.

The largest net outflow was on Wednesday while the smallest was on Friday to the tune of RM330.39 million and RM23.14 million respectively, it said.

As for retailers, it said the market saw retailers as net sellers every day of the week, except last Monday (RM35.27 million) and Tuesday (RM9.28 million).

It said the largest net selling was recorded last Thursday at RM145.89 million, while the smallest net selling was on Friday at RM8.67 million.

Overall, for the eleventh week of 2022, foreign investors finished strong as net buyers at RM1.2 billion, according to MIDF.

Meanwhile, local institutions were strong net sellers at RM1 billion, followed by retailers with net selling amounting to RM175.88 million.

In terms of participation, it said foreign investors, local institutions and retail investors recorded weekly movements of +64.5%, -19.68% and -23.96% respectively in average daily trade value.

“On a year-to-date basis, we have observed RM1.3 billion in net inflows from foreign investors and RM500 million in net inflows from retailers. Meanwhile, local institutions were the only net sellers to the tune of RM6.1 billion,” said MIDF.

Edited ByLam Jian Wyn
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