Foreign funds continued to leave Bursa Malaysia as the net selling continued for the fourth consecutive week. Foreigners net sold -RM107.1m last week, lower compared to the net selling amount of -RM536.0m the week before.
Highest net selling occurred on Monday, at -RM88.5m, followed by -RM59.43m on Thursday. All other days showed net inflows with a sum of RM40.8m. Foreign investors have been net sellers for the 15 trading days, since March 1. They have net sold -RM1.89b year-to-date. Out of the 12 weeks so far this year, they have been net sellers for 9 weeks.
The top three sectors that saw net foreign inflows were Healthcare (RM90.0m), Transportation and Logistics (RM24.4m), and Construction (RM15.9m), while the bottom three sectors that saw net foreign outflows were Industrial Products and Services (-RM70.5m), Utilities (-RM50.5m) and Consumer Products and Services (-RM49.2m).
Meanwhile, local institutions continued to support domestic equities, net buying for the fourth consecutive week. They net bought RM13.5m last week, lower in comparison to the highest weekly amount in 2023 and the highest since the week ended Dec 9, 2022 – last week of RM566.7m. Similar to foreign funds, local institutions also showed a mixed bag of investment last week with the strongest inflows seen on Monday at RM56.8m, and the largest outflow seen on Friday at RM77.90. As opposed to foreign investors, they have been net buyers every day since March 1 except for March 22 and March 24. They have net bought RM1.78b of equities, with 9 out of 12 weeks net buying.
Local retailers turned net buyers at a rate of RM84.7m last week. Likewise, the foreign funds and local institutions, showed 3 days of net bought and 2 days of net sold last week. The strongest net inflow was recorded on Friday at RM65.2m while the largest net outflows happened on Tuesday at -RM21.1m. Year-to-date, they have net bought RM99.5m of equities, with 7 out of 12 weeks of net buying.
In terms of participation, there was a dropped in average daily trading volume (ADTV) among local retailers by -16.3%, local institutions by -25.3% and foreign investors by -41.1%.
