PETALING JAYA: Foreign investor turned net buyer to the tune of RM70.91 million last week, the first net inflow of September where the first week of the month saw foreign investor as net sellers at -RM589.38 million.
“Combined, for the first two weeks of September, foreign investor was net seller to the tune of -RM518.47 million,“ MIDF Research said in its fund flow report today.
Meanwhile, retailers are net buyers of RM456.61 million worth of equities last week, with local institutions at -RM527.51 million net during the same period.
MIDF said last week was the 10th consecutive weeks of local retailers as net buyer on Bursa to the tune of net RM5.03 billion, in comparison of local institution as net seller at -RM707.40 million and foreign investor at -RM4.02 billion since early July.
As market reopened on Monday last week, foreign investors sold -RM72.45 million net of local equities, with retailers and local institutions as net buyers at RM68.91 million and RM3.54 million respectively.
Foreign selling happened only on Monday and Tuesday at net outflow of -RM72.45 million and -RM11.52 million respectively, before buying momentum started on Wednesday. The largest net inflow was on Thursday at RM94.81 million and smallest was in Friday at RM1.33 million.
So far in 2020, foreign investors net selling has amounted to -RM20.87 billion worth of equities on Bursa. Local players, institutions are net buyers at RM10.88 billion and retailers at RM9.61 billion.
“In comparison to another three South East Asian markets that we tracked last week; Philippines recorded the least foreign net outflow while Indonesia experienced the biggest outflow compare to the others.”
In terms of participation, the retail investors recorded a weekly increase 21.28% in average daily trade value (ADTV) while the foreign investor experienced the decrease of ADTV of -14.00%.