Foreign funds have continued to leave the Malaysian equity market with a total of -RM556.9m being net sold last week. The amount was about 64% higher than the amount net sold during the week ended March 3.
Every trading day was a net selling day by the foreigners. The highest was on Monday when the net selling amounted to -RM183.1m and eventually moderated to -RM58.2m on Thursday – the day BNM decided to maintain the OPR at 2.75%. However, it picked up the pace again on Friday where the net outflow amounted to -RM140.1m.
Year-to-date, foreign investors have net sold -RM1.24b worth of domestic equities. Sectors that saw net foreign inflows were Construction (RM67.9m), Technology (RM13.2m), and Transportation & Logistics (RM7.8m), while the sectors that saw net
foreign outflows were Financial Services (-RM-359.5m), Industrial Products & Services (-RM90.3m) and Consumer
Products & Services (-RM63.5m).
Meanwhile, the local institutions have net-bought domestic equities for the second consecutive week to the tune of RM461.3m. The amount was about 56% higher than the amount that they have net bought last two weeks. Every trading day last week was a net buying day by the local institutions, with the heaviest inflow recorded on Monday at RM161.1m. Year-to-date, local institutions have net bought RM1.20b worth of domestic equities.
Local retailers continued to be net buyers for the third consecutive week at a rate of RM95.6m. Every trading day was a net buying day by the retailers, except for Tuesday as it saw a net outflow of -RM4.4m. Yearto-date, local retailers were net buyers at RM44.5m.
In terms of participation, there was a decrease in average daily trading volume (ADTV) among local retailers (-3.5%), local institutions (-14.7%) and foreign investors (-33.1%).
