On a Chinese New Year holiday-shortened trading week, foreign investors continued to net sell Malaysian equities
for the third consecutive week at a rate of -RM57.8m. Year-to-date, foreigners have net sold -RM200.77m of Malaysian equities.
The week saw only net foreign outflows, with the heaviest outflow coming in on Friday to the tune of -RM30.67m
and Wednesday, to the tune of -RM26.51m. Thursday was rather muted with foreign outflows recorded at -RM0.66m.
The top three sectors that saw net foreign inflows last week were Consumer Products and Services (RM54.6m), Energy (RM26.3m) and Healthcare (RM21.8m), while the top three sectors that saw net foreign outflows were Financial Services (-RM140.5m), Telecommunications and Media (-RM14.3m) and Construction (-RM14.1m).
Local institutions remained net buyers for the third consecutive week after net buying RM78.9m worth of equities last week. There were net inflows of RM57.3m and RM35.5m on Wednesday and Friday respectively while Thursday saw a net outflow of -RM14.0m by the local institutions. They have been net buyers of domestic equities so far this year with a total net inflow
Meanwhile, local retailers net sold -RM21.0m last week. They net sold -RM30.8m on Wednesday and -RM4.8m on Friday. Thursday was a net buying day at RM14.6m. Year-to-date, local retailers have net sold -RM484.62m of Malaysian equities.
In terms of participation, there was an increase in average daily trading volume (ADTV) among local retailers (19.2%) and foreign investors (4.6%). The local institutions meanwhile recorded a declined in weekly ADTV at -0.9%.