FOREIGN buyers continued their web shopping for streak on Bursa Malaysia for the fourth consecutive week final week though at a extra reasonable charge of RM130.5 mil.
It was a blended buying and selling week with inflows recorded on Monday (July 31) at RM280.9 mil and Friday (Aug 4) at RM42.3 mil whereas the remainder of the week noticed outflows.
“From Tuesday (Aug 1) to Thursday (Aug 3), overseas buyers have web offered a complete of -RM192.7 mil, primarily disposing of shares like Petronas Chemical substances Group Bhd (-RM46.6 mil), CIMB Group Holdings Bhd (-RM33.5 mil) and PPB Group Bhd (-RM28.3 mil),” the analysis home identified in its weekly fund circulate report.
The highest three sectors that noticed web inflows had been monetary providers (RM116.7 mil), utilities (RM96.6 mil) and plantation (RM81.1 mil).
Sectors with web outflows in the course of the week ended Aug 4 had been shopper services and products (-RM93.4 mil), industrial services and products (-RM65.0 mil), and telecommunications and media (-RM33.4 mil). 12 months-to-date (YTD), foreigners have web offered -RM2.93 bil.
In distinction, native establishments remained web sellers of home equities for the fourth week in a row after web promoting -RM122.0 mil final week.
Nearly all of the outflows occurred on Monday (July 31) at -RM255.4 mil with native establishments primarily web promoting Maybank (-RM50.6 mil), Tenaga Nasional Bhd (-RM43.4 mil) and Public Financial institution Bhd (-RM24.6 mil). YTD, native establishments have been web consumers with inflows amounting to RM3.0 bil.
Just like the native establishments, native retailers additionally web offered for the fourth consecutive week at a decrease charge of -RM8.5 mil. YTD, native retailers have web offered -RM76.4 mil.
By way of participation, there was a decline in common each day buying and selling quantity (ADTV) throughout the board – retail buyers (-16.8%), native establishments (-20.8%) and overseas buyers (-6.5%).
Compared with one other 4 Southeast Asian markets tracked by MIDF Analysis final week, the Philippines posted the best web overseas fund influx with US$239.8 mil adopted by Indonesia (US$145.9 mil), Malaysia (US$29.2 mil) and Vietnam (US$2.6 mil) whereas Thailand encountered an additional web outflow of -US$225.4 mil.
The highest three shares with the best web cash influx from overseas buyers final week had been Maybank (RM123.5 mil), Tenaga Nasional Bhd (RM67.9 mil) and Public Financial institution Bhd (RM41.2 mil) – Aug 7, 2023