It was a shortened trading week on Bursa Malaysia as Friday was declared a public holiday in conjunction with the Hari Raya Aidilfitri festivities. The week saw foreign investors net selling -RM151.11m as they turned net sellers again after three consecutive weeks of net buying. They net sold -RM22.82m on Tuesday, -RM93.57m on Wednesday, and -RM68.83m on Thursday. Monday was the only day with net inflows at RM34.11m, where the top three stocks net bought by foreigners were RHB Bank, Pentamaster, and Fraser & Neave Holdings.
MIDF notes the top three sectors that saw net foreign inflows last week were Telecommunications & Media, Healthcare, and Consumer Products & Services. Sectors with the most outflows were Financial Services, Technology, and Utilities. Year-to-date, foreigners have net sold Malaysian equities for 10 out of 16 weeks, totalling -RM1.93b.
Local institutional investors turned net sellers again after briefly turning net buyers for two weeks. They net sold -RM25.72m on Monday and -RM25.63m on Tuesday and net bought RM30.08m on Wednesday and RM14.02m on Thursday. Year-to-date, they have been net buyers for 11 out of 16 weeks with a total of RM1.82b.
Local retailers were the top net buyers of the week, reversing its net selling trend for three consecutive weeks. The amount was the largest since the week ended Feb 10. They have net bought for eight out of 16 weeks this year.
In terms of participation, there was an increase in average daily trading volume (ADTV) among local retailers by +6.5%, while among local institutions and foreign investors, there were declines of -4.4% and -7.6% respectively.
