Foreign investors remained net sellers for the fourth consecutive week at a rate of -RM731.8m, which was more than double the amount net sold in the previous week (-RM301.2m).
Every trading day last week was a net selling day by the foreigners investors. The heaviest net selling was recorded on Wednesday at -RM259.1m, followed by Monday at -RM196.7m. They net sold at lower rates on Tuesday at -RM90.4m, Thursday at -RM99.9m, and ended the week by net selling
MIDF notes the only three sectors that saw net foreign inflows were Construction at RM68.2m, Transportation & Logistics at RM11.1m and REITs at RM1.0m. Meanwhile, the top three sectors that saw net foreign outflows were Financial Services at -RM459.7m, Industrial Products & Services at -RM100m, and Plantation at -RM78.3m.
On the local front, institutions continued to net buy for the second consecutive week on the back of a more stable political climate domestically which boosted investor sentiment. They net bought RM680.4m last week, which was the highest
amount recorded this year. Every trading day last week was a net buying day for this investor class with the heaviest net buying recorded on Wednesday at RM230.8m, followed by Monday at RM170.5m and Thursday at RM108.9m.
Meanwhile, local retailers turned to net buyers last week at a rate of RM51.4m after net selling -RM130.1m in the previous week. They were net buyers from Monday to Wednesday with the heaviest net buying on Wednesday at RM28.3m. They then turned to net sellers from Thursday to Friday at -RM9.0m and -RM8.7m, but this was more than offset by the net buying earlier in the week.
Foreign investors have been net buyers for 27 out of the 49 weeks of 2022, with a total net inflow of RM4.80b. Local institutions were net sellers for 32 out of 49 weeks, with a total net outflow of –RM6.89b. Local retailers have been net buyers for 31 out of 49 weeks. Year-to-date, they have been net buyers at RM2.09b.
In terms of participation, there was a decline in average daily trading volume (ADTV) among foreign investors, local institutions, and retailers by -51.1%, -23.6%, and -11.2% respectively.
