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KUALA LUMPUR: Foreign investors upped the ante in buying stocks listed on Bursa, acquiring RM964.33mil of local equities last week from RM6.71mil the previous week, according to MIDF Research.
The research house said this was the third consecutive week of net buying by foreign investors.
“Foreign investors were net buyers for every day of the week. The largest foreign inflow was recorded on Thursday with the smallest inflow on Monday to the tune of RM310.79mil and RM6.70mil respectively,” MIDF said in its weekly fund flow report.
As for the retailers, MIDF said they were net sellers for every day of the week except on Monday. The largest net selling was recorded on Tuesday and the smallest net selling was on Friday to the tune of RM48.43mil and RM16.88mil respectively.
Cumulatively, for the week, retailers net sold RM113.96m worth of equities in Bursa.
Meanwhile, local institutions recorded cumulative weekly net selling to the tune of RM850.37mil.
Local institutions were net sellers throughout the week with the largest net selling on Thursday amounting to RM290.41mil.
“Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM9.46bil.
“Local institutions and foreign investors were net sellers to the tune of RM4.46b and RM5.00bil, respectively,” MIDF said.
In terms of participation, MIDF said retail investors, local institutions, and foreign investors recorded a weekly movement of -3.82%, 9.89%, and 16.82% respectively in average daily trade value.
Meanwhile, Top Glove registered the highest net money inflow of RM3.69mil last week followed by IHH with a net money inflow of RM3.62mil and Gamuda with a net money inflow of RM3.25mil.
On the other hand, Public Bank saw the largest net money outflow of RM7.77mil last week.
Petronas Chemicals recorded the second-largest net money outflow of RM5.81mil and Sime Darby registered the third-largest net money outflow of RM3.16mil last week.