MIDF: Bursa ends five-week sales streak

KUALA LUMPUR (January 3): Sale of Malaysian stocks overseas halted after five consecutive weeks on the run as international investors acquired RM17.77million net of local stocks in the past week of 2021, compared to RM38.16 million net sold during the week. before.

In the weekly fund flow report on Monday, January 3, Shahira Rahim of MIDF Research said international funds were net buyers for a total of 22 weeks in 2021.

“When the market reopened last Monday, local institutions and foreign investors were net buyers, respectively, amounting to RM 2.73 million and RM 56.73 million. Meanwhile, foreign retailers were sellers net amount of RM 59.46 million.

“Foreign investors were net buyers of [the] majority of the week except Wednesday and last Friday. The largest influx of foreigners was recorded last Tuesday, with RM110.37 million, ”she said.

Shahira added that retailers have been net sellers every day of the past week, a reversal from the trend seen by the company throughout 2021.

“The biggest net sale by retailers was recorded last Friday at RM 105.28 million. For the week, retailers sold RM 292.59 million of shares in Bursa. second week that retailers recorded net sales after nine consecutive weeks of influx, ”she explained.

Meanwhile, Shahira said local institutions recorded cumulative weekly net purchases to the tune of RM274.82 million, with local institutions as net buyers for the week except last Tuesday at RM 56.39 million, while that the biggest net purchase last Friday was RM217.98 million.

For the 2021 cumulative, Shaira said retailers were the only net buyers in the country’s stock market to the tune of RM12.14 billion.

“Meanwhile, local institutions and foreign investors were net sellers to the tune of RM 8.99 billion and RM 3.15 billion respectively.

“In terms of participation, retail investors, local institutions and foreign investors recorded weekly movements of 12.85%, 26.32% and -12.3% respectively in average daily commercial value,” he said. -she adds.

On a related note, Shahira said that Nestlé (Malaysia) Bhd recorded the highest net cash inflow of RM 5.18 million last week, followed by Top Glove Corp Bhd, which recorded the second highest net cash inflow at RM 2.77 million, while Sime Darby Bhd recorded the third highest net cash inflow at RM 2.52 million.

On the other hand, Malayan Banking Bhd (Maybank) recorded the largest net cash outflow of RM 4.01 million last week. Next is MyEG Services Bhd, which recorded the second largest net cash outflow of RM2.86 million in the week, while CIMB Group Holdings Bhd recorded the third largest net cash outflow of 2 , RM14 million.

Best KLCI performance in the last week of 2021

According to MIDF Research, the majority of stock markets around the world finished in the green zone last week despite concerns about inflationary pressures in 2022.

The research firm said it should be noted that among the markets it has tracked, the FBM KLCI was the best performer last week, rising another 3.37% to close at 1,567.53 points. .

Shahira said the better performance of the local stock exchange was due to bullish economic data, namely Malaysia’s main index which rose for the second month in a row, albeit at a slower pace of 0.3% in year-on-year change (year-on-year) in October 2021.

This, she added, comes on top of Malaysia’s total trade, which grew a further 34.9 percent year-on-year to a record high of RM 205.5 billion in November 2021, following a sustained expansion of exports and imports.

“While keeping our gross domestic product (GDP) growth forecast for 2021 unchanged at 3.7%, we expect the growth outlook to be brighter, with Malaysia’s GDP expected to grow by 6% in 2022.

“The recovery momentum is expected to continue as the economic reopening will support continued growth in domestic consumer activity.

“In addition, we expect that improving business prospects and growing demand will prompt companies to increase their production and investment activities next year,” Shahira added.

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