Local retailers' net buying of Malaysian equities grew 294% month-on-month (m-o-m) to RM506 million in May 2022 (from RM172 million in April), raising their net buy for the first five months of 2022 (5M22) to RM1.2 billion, said CGS-CIMB Research.
However, in a strategy note dated June 4, the research house said the figure was an 82% decline from local retail investors' 5M21 net buy of RM6.5 billion.
CGS-CIMB said foreign investors posted a 91% m-o-m fall in net buy of Malaysian equities to RM77.3 million in May from RM826 million in April 2022.
The research house said local institutional investors' net sell of Malaysian equities fell 56% m-o-m to RM499 million in May 2022.It said this brought the 5M22 net buy by foreign investors to RM7.4 billion (versus 5M21 net sell of RM3 billion).
It said this brought the 5M22 net sell by local institutional investors to RM8.6 billion (+72% year-on-year) versus 5M21 net sell of RM5 billion.
Meanwhile, nominees turned net sellers of RM43 million in May 2022 (verus net buy of RM96 million in April 2022).
In 5M22, nominees were net sellers of RM8.4 million of equities (versus 5M21 net buy of RM1.6 billion).
Foreign buying of Malaysia equities fell 91% m-o-m in May.
CGS-CIMB said foreign investors were relegated to the second largest net buyers in May.
It said their net buy fell to RM77 million (versus RM826 million in April 2022).
"This represented the fifth consecutive month of net buying by foreign investors.
"This brought the cumulative foreign net inflows for 5M22 to RM7.4 billion and lowered the cumulative net foreign outflows since 2010 to RM27.5 billion.
"This is a positive turnaround in terms of foreign interest in Malaysian equities after four consecutive years of net selling by foreign investors post-GE14 (14th general election)," it said.
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