Foreign inflows into Bursa Malaysia easing

By LYDIA NATHAN

Foreign investors short their position on Bursa Malaysia Bhd last week, whereby local participation was lacking due to the festive break.

According to transaction data on the exchange, foreign investors disposed of RM298 million worth of stocks last week after being not far from RM177 million the week earlier.

The selling last week was the highest weekly outflow this year, an MIDF Research report yesterday noted.

That said, foreign equity investors acquired a sturdy position on Bursa in the first-half of 2017, buying six months in a row.

They bought some RM10.2 billion worth of equity on Bursa, the highest among South-East Asia, followed by the Jakarta bourse recording a surplus of RM5.59 billion.

Despite the short trading week, foreign participation was healthy with average daily trade value (ADTV) increased to RM1.24 billion from RM989.6 million, up 26%. Retail ADTV was constant at RM627.5 million, being under the RM1 billion mark for the fifth week running.

Retail investors bought a net RM1.6 million worth of stocks last week while local institutional investors were net long by RM296.4 million, MIDF data revealed.

The highest net money inflow was into British American Tobacco (M) Bhd (BAT) amounting to RM55.68 million, followed by Kuala Lumpur Kepong Bhd with RM32.08 million, MIDF noted.

Buyers also flocked into airport operator Malaysia Airports Holdings Bhd with an inflow of RM8.37 million.

Public Bank Bhd saw the largest money outflow, some RM23.32 million last week, outperforming the benchmark index which suffered a 0.29% loss.

This was followed by Gamuda Bhd which saw some RM21.8 million flow out while engineering group Dialog Group Bhd registered an outflow of RM8.42 million last week, the report noted.