Equity market sees retail investors as sole net buyers


RETAIL investors have been the only net buyers on the local equity market so far this year, while local institutions and foreign investors have been net sellers.

MIDF Amanah Investment Bank Bhd analyst Ummar Fitri in a recent report said retail investors have cumulatively been the only net buyers on the local equity market since the beginning of 2021 to the tune of RM5.5 billion.

Local institutions and foreign investors were net sellers with sales amounting to RM3.5 billion and RM2 billion respectively.

“In terms of participation, retail investors, local institutions and foreign investors recorded a weekly increase of 7.53%, 19.43% and 4.68% respectively in average daily trade value,” he said.

Foreign investors turned net sellers of local equities for the week ended on April 16, which saw outflow amounting to RM235.26 million, higher than two weeks ago.

As the market reopened on April 12, foreign investors sold RM48.67 million net of local equities, while local institutions sold RM12.41 million. Retailers, however, bought RM60.81 million worth of equities that day.

“Foreign investors were net sellers every day except last Thursday. Largest foreign outflow was recorded on April 13 at RM39 million and the smallest outflow was last Friday at RM50.89 million. The only inflow recorded last Thursday amounted to RM78.58 million,” the report read.

Retailers were net buyers every day except last Thursday and Friday, with the largest net buying recorded on April 12 at RM60.81 million, while the smallest net buying was on April 13 at RM35 million. Cumulatively, for the week, retailers bought RM97.82 million worth of equities in Bursa Malaysia.

Meanwhile, local institutions’ cumulative weekly inflow stood at RM137.45 million. The biggest net buying was on April 13 at RM126.52 million, while the smallest net buying was on April 14 at RM16.65 million. The biggest net selling happened on last Thursday at RM61.28 million.

The FTSE Bursa Malaysia KLCI declined by 0.24% for the week to settle at 1,608.38 points.

As for the ringgit, it saw a slight weekly depreciation by about 0.2% against the greenback to reach RM4.1257 against the US dollar last Friday.

The top three money inflows were seen in Press Metal Aluminium Holdings Bhd, Malayan Banking Bhd (Maybank) and Petronas Chemicals Group Bhd (PetChem).

Press Metal registered the highest net money inflow of RM7.78 million last week, with its share price rising 7.78% higher for the week, outperforming the local bourse which registered a 0.24% weekly decrease.

Maybank saw the second-highest net money inflow of RM1.53 million, followed by PetChem at RM1.43 million.

Shares of both stocks outperformed the local bourse with Maybank’s share price posting a 0.12% decline, while PetChem’s share price was 1.28% higher.

Concurrently, the top three net money outflows were seen in Hartalega Holdings Bhd, Top Glove Corp Bhd and Genting Malaysia Bhd.

Hartalega saw the largest net money outflow of RM7.79 million, while Top Glove came in second with RM5.19 million during the week under review.

Both Hartalega and Top Glove out-performed the market benchmark with their stock prices climbing 2.33% and 6.5% higher respectively.

Genting Malaysia registered the third-largest net money outflow of RM4.75 million, underperforming the local benchmark with its share price being 5.81% lower last week.