It was yet another shortened trading week on Bursa Malaysia as the market remained closed on Monday in conjunction with the Hari Raya Aidilfitri holidays. Foreign investors continued to net sell Malaysian equities for the second consecutive week at -RM187.8m. Every trading day last week was a net selling day by the foreigners. They have been net sellers for 11 out of 17 weeks with a total net outflow of -RM2.12b.
Top three sectors that saw net foreign inflows last week were Consumer Products & Services (RM44.0m), Property (RM12.9m) and Transport & Logistics (RM6.4m). Top three sectors that saw net foreign outflows were Financial Services (-RM85.9m), Technology (-RM52.5m) and Industrial Products & Services (-RM34.6m).
Local institutional investors turned net buyers to the tune of RM166.6m last week after they briefly net sold -RM7.3m worth of equities the week prior. Every trading day last week was a net buying day by the local institutional investors, with the heaviest net inflow recorded on Thursday at RM86.9m. Year-to-date, they have been net buyers for 12 out of 17 weeks with a total net inflow of RM1.99b.
Malaysian equities saw continued net buying from local retailers for the second consecutive week, totalling RM21.2m. While the week presented a mixed trading picture for local retailers with outflows of -RM3.0m and -RM17.2m on Tuesday and Thursday respectively, inflows on Wednesday at RM30.6m and Friday at RM10.8m offset the losses. Year-to-date, local retailers have been net buyers for nine out of 17 weeks, resulting in a total net inflow of RM129.3m.
In terms of participation, there was an increase in average daily trading volume (ADTV) among foreigners by +3.9%, while among local institutions and local retailers, there were declines of -18.3% and -11.5% respectively.
