Foreign investors reversed their trend and turned to net sellers last week. The total net outflows for the week were -RM275.92 million compared to being net buyers the previous week to the tune of RM292.7 million.
However, local institutions were net buyers last week with the heaviest inflow on Thursday at RM203.87million, followed by on Tuesday and Monday at RM77.58m and RM30.84m respectively. Local institutions were net sellers in the week for two days only, Friday at -RM38.44m and Wednesday at -RM11.51m.
Local retailers turned as net buyers last week with a record of RM13.57m inflows for the week. They were net sellers at -RM22.45m, -RM10.59m, and -RM25.91m on Monday, Tuesday, and Friday. They recorded as net buyers on Wednesday and Thursday, at RM11.35m and RM61.17m respectively.
The top three sectors which saw net outflows were Financial Services at -RM270.3m, Healthcare at -RM88.2m, and Industrial Products & Services at -RM37.7m. Meanwhile, the three sectors with net inflows by foreign investors last week were Consumer Products & Services at RM43.9m, Utilities at RM22.9m, and Transportation and Logistics at RM17.3m.
International funds have been net buyers for 25 out of the 44 weeks of 2022, with a total net inflow of RM5.76b. Local institutions were net sellers for 30 out of 44 weeks, with a total net outflow of –RM7.89b. Local retailers have been net buyers for 28 out of 44 weeks of 2022. Year-to-date, they have been net buyers at RM2.14b.
In terms of participation, MIDF notes there was an improvement in average daily trade value (ADTV) among foreign investors by 13.53% and retailers by 2.76%. As for local institutions, there was a decline of -8.00%.
