The equity market saw foreigners reversing their net selling trend by net buying RM292.67m of Malaysian equities after being net sellers for seven weeks.
The top three sectors which saw net inflows by foreign investors last week were Financial Services at RM246.2m, Telecommunications & Media at RM60.8m, and Consumer Products & Services at RM37.4m. Meanwhile, the three sectors with net outflows were Plantation at -RM35.40m, Construction at -RM31.70m, and Transportation & Logistics at RM19.3m.
Local institutions, however, turned net sellers after five weeks of net buying. They net sold every trading day of the week, resulting in a net selling of -RM195.89m last week. Meanwhile, local retailers remained net sellers at -RM96.77m. They net sold for three consecutive days before briefly turning net buyers on Friday.
International funds have been net buyers for 25 out of the 43 weeks of 2022, with a total net inflow of RM6.03b. Local institutions were net sellers for 30 out of 43 weeks, with a total net outflow of –RM8.16b. Local retailers have been net buyers for 27 out of 43 weeks of 2022. Year-to-date, they have been net buyers at RM2.12b.
