Bursa Saw Foreign Investors Dumping RM407 Million In Equities Last Week

It was a shortened trading week of four days on Bursa Malaysia last week due to the Thaipusam replacement day on Monday. Foreign investors continued to dump Malaysian equities for the fifth consecutive week with net selling of -RM407.83. They net sold every day with the largest net selling on Tuesday.

The only sectors which recorded net inflows by foreign investors last week were Energy at RM26.4m and Property at RM3.9m. In the contrary, Construction, Technology, and Financial Services were sectors that recorded the highest net outflows for the week at -RM724.6m, -RM115.9m, and -RM111.2m respectively. Year-to-date, foreign investors have net sold -RM119.9m.

Local institutions continued to pick up Malaysian equities with a net buy of RM144.04m last week. This is their fifth consecutive week of net buying.

Local retailers stayed as net buyers last week, marking their second consecutive week of net buying. They net bought everyday with the largest net buying on Tuesday at RM134.78m followed by Wednesday and Friday at RM57.15m.

In terms of participation, there was a decrease in average daily trading volume (ADTV) across the board by -24.9%, -22.5%, and -22.3% from local retailers, local institutions, and foreign investors respectively

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