Analysis of local retail investors’ weekly sectoral fund flow trend
· Financial services – Top net buy sector among local retail investors, has been a net buy sector since the start of 2021.
· Consumer products – Second largest net buy sector and has been a net buy sector for the past three weeks.
· Energy – Third largest net buy sector and has been a net buy sector in 11 out of the past 15 weeks.
· Healthcare– Top net sell sector last week and has been a net sell sector for the past two weeks.
· Technology – Second largest net sell sector last week, has been a net sell sector for the past three weeks.
· Telecommunications and Media – Third largest net sell, has been a net sell sector for the past two weeks.
Analysis of local nominees’ weekly sectoral fund flow trend
· Financial services – Top net buy sector among local nominee investors, has been a net buy sector in 12 out of the past 15 weeks.
· Industrial products– Second largest net buy sector last week, versus a net sell sector two weeks ago. · Property – Third largest net buy sector last week, representing the third week of net buying for the sector.
· Healthcare– Top net sell sector last week, representing the third week of net selling for the sector.
· Construction– Second largest net sell sector, net sell sector for third consecutive weeks.
· Telecommunications and media – Third largest net sell sector, has been a net sell sector for the past two weeks.
Analysis of foreign investors’ weekly sectoral fund flows
· Healthcare – Top net sell sector last week for foreign investors, after being a net buy sector for the past six weeks. · Consumer products – Second largest net sell sector, has been a net sell sector for four consecutive weeks.
· Utilities – Third largest net sell sector from a net buy sector two weeks ago. · Technology – Top net buy sector last week, after being a net sell sector two weeks ago.
· Industrial products – Second largest net buy sector, has been a net buy sector for the past three weeks.
· Property – Third largest net buy sector, has been a net buy sector for the past eight weeks.
Analysis of local institutional top 10 net buy and net sell stocks
· Local institutional investors’ top three net buy companies last week were Supermax, Top Glove and Hartalega.
· Their top three net sell companies last week were Maybank, Bursa Malaysia and Public Bank. · The resurgence in the number of new Covid-19 cases globally and the recent correction in share prices may have led to bargain hunting in the glove makers among institutional investors.
· YTD, the top three net buy companies are CIMB, MYEG and MRDIY.
· YTD, the top three net sell companies are Public Bank, Tenaga and Top Glove.
Analysis of foreign institutions’ top 10 net buy and net sell stocks
· Foreign institutional investors’ top three net buy companies last week were Top Glove, Press Metal and Maybank.
· Their top three net sell companies last week were Hartalega, Supermax and Focus.
· Top Glove has been among the top three net buy stocks for the past three weeks.
· Hartalega has consistently been among the top three net sells for foreign investors over the past three weeks.
· YTD, the top three net buy companies are Top Glove, Supermax and Press Metal. · YTD, the top three net sell companies are Public Bank, Tenaga and MYEG.
Analysis of retail investors’ top 10 net buy and net sell stocks
· Retail investors’ top three net buy companies last week were LKL, Maybank and Focus.
· Their top three net sell companies last week were Top Glove, Supermax and D&O.
· Top Glove remained the no.1 net sell stock among retail investors for the second consecutive week.
· Maybank has been one of the top three net buy stocks by retail investors over the past four weeks.
· YTD, the top three net buy companies are Public Bank, Tenaga and Top Glove.
· YTD, the top three net sell companies are CIMB, FGV and Dayang.
– By CIMB Bank Research