After two consecutive weeks of net buying, foreign funds left the domestic market last week after net selling -RM338.7m worth of Malaysian equities. Every trading day last week was a net selling day for the foreigners except Tuesday as it saw an inflow of RM9.0m. Yearto-date, foreign investors have net sold -RM685.7m.
The highest amount of net outflow occurred on Monday to the tune of -RM178.6m while Wednesday and Thursday were the second and third highest net selling in the week of review as they amounted to -RM84.2m and -RM73.8m respectively.
Sector wise, Energy (RM33.5m), Construction (RM24.8m) and REITs (RM2.5m) were the top three for net foreign inflows last week, while Financials (-RM121.0m), Industrials (-RM80.0m) and Healthcare (-RM74.3m) were sectors that saw net foreign outflows.
On the other hand, local institutions appeared as net buyers last week, with total net inflows worth RM296.0m. Only Tuesday recorded a net outflow of -RM78.3m, while the rest of the week recorded inflows. The heaviest net inflows were seen on Friday at RM168.9m followed by Monday at RM132.1m. Year-to-date, local institutions have net bought RM736.8m.
Similarly, local retailers were net buyers last week, to the tune of RM42.7m. Only Wednesday saw net outflows of -RM55.1m. Year-to-date, local retailers are net sellers at -RM51.1m. In terms of participation, there was an increase in average daily trading volume (ADTV) among local institutions (+0.3%) and foreign investors (+42.0%), in contrast to local retailers (-6.3%)
