Foreign Investors Sold RM204 Million In Malaysian Equities During Last Week Of 2022

Foreign investors turned net sellers during the last trading week of the year at a rate of -RM204.6m. It was a reversal from the net buying of RM51.2m worth of Malaysian equities during the week ended 23 December 2022.

It was a shortened trading week due to the replacement for the Christmas holiday on Monday. Foreigners started off the week on a positive note by net buying RM10.1m on Tuesday and RM99.2m on Wednesday. However, the amount net bought was inadequate to overturn the profit-taking that took place on Thursday at a rate of -RM9.8m and on Friday at -RM304.1m.

The top three sectors that saw net foreign inflows were Healthcare at RM16.5m, Technology at RM12.3m, and Transportation & Logistics at RM7.2m. Meanwhile, the top three sectors that saw net foreign outflows were Plantation at -RM64.7m, Industrial Products & Services at -RM57.1m, and Financial Services at -RM46.0m.

Meanwhile, local institutions were seen accumulating domestic equities as they net bought RM290.4m last week. During the week ended 23 December 2022, they have net sold -RM52.1m worth of equities. On the other hand, local retailers turned to net sellers at a rate of -RM85.8m. They have been net buying for three consecutive weeks prior to that.

At the end of CY22, foreign investors have been net buyers for 27 out of 52 weeks of 2022, with a total net inflow of RM4.38b. In contrast, local institutions were net sellers for 33 weeks out of 52 weeks of 2022, with a total net outflow of -RM6.42b. Local retailers have also been net buyers for 33 weeks out of 52 weeks of 2022, with a total net inflow of RM2.04b.

In terms of participation, the average daily trading volume (ADTV) for local retailers (+10.0%), local institutions (+32.6%) and foreign investors (+18.8%) recorded growth last week.

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