KUALA LUMPUR (Aug 16): The foreign shareholding in CIMB Group Holdings Bhd rose to 25.6% in July 2022, from 25.1% a month earlier, according to the latest update on the financial services provider's website.

Compared to a year earlier, the foreign shareholding was higher than 22.1% in July 2021, according to CIMB's foreign shareholding chart, which dates back to January 2010.

Prior to July 2022, the last time the foreign shareholding in CIMB stood at 25.6% was in May 2020, down from 26.3% in April 2020, the group said.

According to CIMB's data, the highest foreign shareholding registered since 2010 was 42.9% in June 2011, while the lowest figure was 20.3% in May 2021.

On Tuesday (Aug 16), Bursa Malaysia said in its July 2022 trade performance and fund flow report that CIMB registered the highest foreign net buy value among Bursa-listed firms at RM362 million for the month.

CIMB was also the stock with the highest net sell value by local institutional investors at RM290 million for the month.

Bursa said foreign investors' equity accumulations in January to July 2022 were largely concentrated in three sectors.

"Of the RM6.26 billion net inflow from foreign investors between January and July, financial (RM3.5 billion), plantation (RM2.25 billion) and industrial (RM1.88 billion) attracted the highest inflows.

"Meanwhile, transportation and logistics (-RM695 million), technology (-RM641 million), and telecommunications and media (-RM291 million) experienced the biggest outflows," Bursa said.

Local Institutional investors are major shareholders of CIMB.

As of June 30, Khazanah Nasional Bhd owned a 24.8% stake in the banking group, while the Employees Provident Fund had 16.4%, according to CIMB.

Meanwhile, Permodalan Nasional Bhd owned an 11.3% stake, while Retirement Fund (Incorporated) had 6.3%.

Retirement Fund (Incorporated) is also known as Kumpulan Wang Persaraan (Diperbadankan) or KWAP.

At the time of writing, CIMB shares were traded unchanged at RM5.43 on the local bourse, giving it a market value of about RM56.85 billion.

The group's latest-reported number of outstanding shares stood at 10.47 billion, according to a filing with Bursa on April 25.