Foreign Investors Continue To Be Net Sellers Albeit At Lower Rate

Foreign investors remained as net sellers for the fifth consecutive week at a rate of -RM258.6m, which was slightly lower than the amount of net sold in the previous week (-RM731.8m).

Every trading day last week was a net selling day for the foreigners, except for Wednesday said MIDF, which tracks the inflow and outflow on Bursa. The research house added, the heaviest net selling was recorded on Thursday at -RM179.0m. They net sold at lower rates on Monday, Tuesday and Friday at -RM52.2m, -RM36.2m, and -RM12.6m. In contrast, Wednesday was the only net buying day by foreign investors at a rate of RM21.4m.

The top three sectors that saw net foreign inflows were Telecommunications and Media at RM38.5m, Construction at RM35.2m and Consumer Products and Services at RM32.0m. Meanwhile, the top three sectors that saw net foreign outflows were Financial Services at -RM125.7m, Plantation at -RM108.2m and Healthcare at -RM78.6m.

Local institutions continued to net buy for the third consecutive week on the back of a more stable political climate domestically which boosted investor sentiment. They net bought RM223.14m last week, which was lower than the RM680.4m recorded amount in the previous week. Every trading day last week was a net buying day for this investor class, with the heaviest net buying recorded on Thursday at RM134.81m.

Meanwhile, local retailers continued to be net buyers last week at a rate of RM35.6m, slightly lower than the net buying of RM51.4m in the previous week. They were net buyers on Monday, Tuesday and Thursday with the heaviest net buying on Thursday at RM44.2m. They turned to net sellers on Wednesday and Friday at a rate of -RM29.7m and -RM9.1m respectively.

Foreign investors have been net buyers for 27 out of the 50 weeks of 2022, with a total net inflow of RM4.54b. Local institutions were net sellers for 32 out of 50 weeks, with a total net outflow of –RM6.66b. Local retailers have been net buyers for 32 out of 50 weeks. Year-to-date, they have been net buyers at RM2.13b.

In terms of participation, there was a decline in average daily trading volume (ADTV) among local institutions, retailers, and foreign investors by -12.55%, -12.29% and -9.02% respectively.

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