Friday 29 Mar 2024
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KUALA LUMPUR (March 8): Foreign investors turned net buyers of Malaysian equities for the week ended on March 5, leading to inflows amounting to RM285.83 million.

In the prior week, foreign investors were net sellers of local equities amounting to RM477.43 million. 

In its weekly fund flow report today, MIDF Research said as the market reopened last Monday, foreign investors were net buyers of RM50.3 million of local equities. Meanwhile, retailers and local institutions were net buyers and net sellers to the tune of RM121.06 million and RM171.36 million respectively.

MIDF said that foreign investors were net buyers every day except last Thursday, echoing the positive sentiment emanating from: i) the roll-out of the Covid-19 vaccine programme in Malaysia; and ii) lifting of the movement control order (MCO) in Kuala Lumpur, Selangor, Penang and Johor from last Friday.

According to MIDF, on a year-to-date (YTD) basis, foreign net selling this year came in lower when compared against the same period last year.

Net selling by foreigners was RM1.42 billion in 2021 thus far, compared with net selling of RM3.3 billion over the same period in 2020, it said.

Meanwhile, retailers were net buyers every day last week, according to MIDF, with the largest net buying recorded last Monday at RM121.06 million and the smallest net purchase last Tuesday at RM22.45 million.

Local institutions, however, were net sellers every day of the week except on Thursday.

“The mixed ending was recorded after a four-week pattern of net selling this year. The cumulative weekly outflow was to the tune of RM590.4 million. The biggest net selling was on Tuesday at RM262.62 million, while the smallest net selling was on Friday at RM83.34 million,” said MIDF.

The research house noted that since the beginning of 2021, cumulatively, retailers had been the only net buyers in the local 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, it added.

In terms of participation, retail investors, foreign investors and local institutions recorded a weekly decrease of -21.51%, -30.48% and -22.37% in average daily trading value (ADTV) respectively.

Edited ByJenny Ng
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