KUALA LUMPUR:Foreign investors disposed of RM40.7 million net of local equities during the second week of February 2021 compared to the RM117.5 million acquired in the preceding week.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Bursa Malaysia started off the week on the negative foot as international investors disposed of RM107.2 million net of local equities on Monday.
“On further scrutiny, all rubber glove counters on the FBM kLCI index remained in the red on Monday, declining by at least 2.9 per cent as the social media-driven retail frenzy continued to subside as retail investors were probably lacking financial strength to support buying activity for the rubber glove counters.
“As such the Bursa Malaysia Healthcare index was 2.3 per cent lower on Monday, making it the biggest loser among other sectoral indexes,” he told Bernama.
However, the level of foreign net selling shrank to just RM8.6 million on Tuesday as risk-on sentiment turned stronger amid the ascent in the oil price which hit a 13-month high amid optimism in demand.
Adam said the move by governments and central banks around the world to continue massive spending and easy money policies until officials are certain that their economies will recover from the coronavirus pandemic has also led to expectations about an increase in inflation, which coincides with economic growth, giving rise to risk-taking behaviour.
“Internationals funds later made their way back to Bursa Malaysia as they snapped up RM33.3 million net of local equities on Wednesday. The FBM KLCI index finished 0.7 per cent higher on Wednesday, (with) the banking counters, which have a higher weightage in the FBM KLCI index, saw heavy buying interest on Wednesday,” he noted.
On the other hand, oil and gas counters were rather sluggish despite the rally in crude oil price amid concerns that elevated prices will prompt producers to pump more crude which will push oil prices down.
He said Thursday continued to see a foreign net inflow of RM41.8 million although it was the eve of the Chinese New Year, as investors tended to trade lightly ahead of the long weekend.
“The foreign net buying on Thursday, however, only helped push the local bourse 0.2 per cent higher but still bucked the losses seen in ASEAN peers such as the Philippines, Singapore and Thailand.
“Perhaps the slightly larger-than-expected decline was cushioned by the rally in certain blue-chips, namely Tenaga Nasional Bhd, which rose by more than 3.0 per cent following the appointment of its new chief executive officer (CEO), a day after its previous CEO announced his exit,” he added.
Adam said another sector that supported the local bourse was the banking sector, involving stocks such as Public Bank and Hong Leong Bank, amid the anticipation of an economic recovery this year, which set to boost demand for financing and see a decline in impairments.
On Thursday, Bank Negara Malaysia announced Malaysia’s economy shrank 3.4 per cent in the fourth quarter (Q4) of 2020 amid the COVID-19 resurgence, bringing the full-year contraction to 5.6 per cent.
The country last recorded a contraction in 2009 at -1.5 per cent and 2020's contraction was the worst since the 7.4 per cent decline in 1998.
At 12.30pm on Thursday, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.57 points to 1,599.42 during the half-day trading compared to Wednesday’s close of 1,596.85. The market was closed on Friday for the Chinese New Year holiday.
Year-to-date, Malaysia has seen a foreign net outflow of RM757.8 million net in 2021.
-- BERNAMA
Bernama
Mon Feb 15 2021
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Bursa Malaysia started off the week on the negative foot as international investors disposed of RM107.2 million net of local equities on Monday.
Ahmad Zahid ucap tahniah kepada Farah Ain
Ahmad Zahid mengucapkan tahniah kepada atlet boling padang Nor Farah Ain Abdullah yang muncul juara pada Kejohanan Boling Padang Dalam Dewan Dunia 2024.
Raih RM31 juta sejak ditayangkan! Sheriff kini filem no. 1 di Malaysia
Berita gembira ini turut disokong oleh abang Syafiq, Syamsul Yusof yang turut bangga dengan kejayaan naskhah yang dihasilkan adiknya.
Letupan bom Sungai Golok: PDRM tingkat kawalan keselamatan sempadan Malaysia-Thailand
PDRM mempertingkatkan kawalan keselamatan di sempadan Malaysia-Thailand susulan insiden letupan bom dan bunyi tembakan di Sungai Golok.
Pemain ragbi meninggal dunia selepas perlawanan pasukan pilihan MB Kedah
Seorang bekas pemain Sukma Kedah meninggal dunia selepas menyertai perlawanan pertunjukan pasukan pilihan Menteri Besar Kedah pada Ahad.
OCC: Masih banyak usaha perlu dibuat dalam isu hak kanak-kanak
Masih banyak yang perlu dilakukan kerana Malaysia masih ketinggalan berbanding negara lain dalam menangani isu penderaan dan masalah sosial melibatkan kanak-kanak.
iPad Pro mungkin dijana dengan cip Apple M4 terbaharu, fokus ciri AI
Cip Apple M4 dijangka memfokuskan kepada keupayaan enjin neural yang disertakan bersama dengannya membolehkan ia menawarkan ciri AI yang lebih baik.
Lebih 840,000 permohonan untuk London Marathon 2025 pecah rekod dunia
Jumlah permohonan untuk menyertai larian TCS London Marathon tahun depan telah memecahkan rekod dunia.
WEF: Anwar jumpa 50 pemimpin industri & perniagaan, yakin pelabur bernilai tinggi pilih Malaysia
Datuk Seri Anwar Ibrahim menzahirkan keyakinan lebih banyak pelabur bernilai tinggi akan memilih Malaysia sebagai destinasi pelaburan mengikut jejak langkah syarikat-syarikat gergasi seperti Tesla, AWS, Infineon dan Nvidia.
AWANI Ringkas: Ikut jejak syarikat gergasi lain
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
Bursa Malaysia dibuka tinggi seiring prestasi Wall Street
Bursa Malaysia dibuka rendah pada Isnin, mengambil petunjuk pasaran serantau dan kenaikan di Wall Street pada hari Jumaat.
Bursa Malaysia dibuka tinggi seiring prestasi Wall Street
Bursa Malaysia dibuka rendah pada Isnin, mengambil petunjuk pasaran serantau dan kenaikan di Wall Street pada hari Jumaat.
Bursa Malaysia ditutup tinggi susulan sentimen positif pasaran serantau
Pada 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat 5.91 mata kepada 1,575.16 daripada paras penutup 1,569.25 pada Khamis.
AirAsia Group bakal disenaraikan di Bursa Malaysia pada September - Tony Fernandes
AirAsia Group Sdn Bhd (AAG) bakal disenaraikan di Bursa Malaysia pada September, mengambil alih status penyenaraian AirAsia X Bhd, kata Ketua Pegawai Eksekutif Capital A Bhd Tan Sri Tony Fernandes.
Bursa Malaysia dibuka rendah, jejaki prestasi Wall Street
Pada 9.10 pagi, FTSE Bursa Malaysia KLCI (FBM KLCI) susut 2.29 mata kepada 1,566.96 daripada 1,569.25 ketika ditutup pada Khamis.
Bursa Malaysia ditutup rendah selepas kenaikan enam hari berturut-turut
Pada 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) susut 2.23 mata kepada 1,569.25 daripada 1,571.48 ketika ditutup pada Rabu.
Bursa Malaysia dibuka bercampur-campur
Pada 9.23 pagi, FTSE Bursa Malaysia KLCI (FBM KLCI) naik 0.35 mata kepada 1,571.83 daripada 1,571.48 ketika ditutup pada Rabu.
Bursa Malaysia ditutup pada paras tertinggi dalam tempoh dua tahun
Di keseluruhan pasaran, kaunter untung mengatasi kaunter rugi sebanyak 777 berbanding 327 manakala 480 kaunter tidak berubah, 780 tidak diniagakan dan 21 yang lain digantung.
Gadang rayu EPU ketepikan keperluan ekuiti Bumiputera bagi pengambilan tanah Kwasa Damansara
Gadang Holdings Bhd berkata ia akan merayu kepada Unit Perancang Ekonomi (EPU) untuk mengenepikan keperluan ekuiti Bumiputera bagi memudahkan pemilikan tanah seluas 21.08 ekar di Kwasa Damansara.
Bursa Malaysia dibuka tinggi
Bursa Malaysia dibuka tinggi hari ini menjejaki prestasi semalaman Wall Street yang menggalakkan berikutan keyakinan didorong oleh pendapatan korporat yang kukuh.
Bursa Malaysia ditutup tinggi
Pada 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat 2.05 mata kepada 1,561.64 daripada 1,559.59 pada Isnin.