24 companies were listed on the Main and ACE Market as at end of third quarter. 5 technology counters dominated the top 10 price gain, namely TTVHB, OPPSTAR, ADB, EDELTEQ, CLOUDPT.
We will summarize the IPO Performance Report from Bursa Malaysia for third quarter of 2023.
NET FUND FLOW (MAIN AND ACE MARKET LISTINGS)
In 3Q2023 (up to 29 September), NATGATE retained its position as the most net bought IPO counter by local institutions and foreign investors. The electronic manufacturing services (EMS) provider attracted net institutional inflow of +RM201 million (2Q2023: +RM160 million) and foreign inflow of +RM125 million (2Q2023: +RM129 million) during the period.
CEB also saw net buying interest from domestic institutions as they added +RM96 million of its shares to their portfolios. Meanwhile, local funds turned net buyers of WELLS with +RM26 million inflow as at end 3Q2023 versus -RM2 million outflow recorded as at end 2Q2023.
In details, see the below chart:
In my next posting, I will discuss on how the Net Fund Flow of Local Institution, Local Proprietary, Local Nominess, Local Retail and Foreign will affect the share price.