Local institutional investors turned net buyers of Malaysian equities last week to the tune of RM166.6 million after briefly net selling RM7.3 million worth the week prior.
MIDF Research said every trading day of the holiday-shortened week was a net buying day for local institutional investors, with the heaviest net inflow recorded on Thursday at RM86.9 million.
Year-to-date, they have been net buyers for 12 out of 17 weeks with a total net inflow of RM1.99 billion, the research house said in its latest weekly fund flow report.
Meanwhile, foreign investors were net sellers for the second consecutive week, with a net disposal of RM187.8 million equities, MIDF Research said.“The top three sectors that saw net foreign inflows last week were consumer products and services (RM44.0 million), property (RM12.9 million) and transport and logistics (RM6.4 million); while the top three sectors that saw net foreign outflows were financial services (RM85.9 million), technology (RM52.5 million) and industrial products and services (RM34.6 million),” it said.
In terms of participation, there was a 3.9 per cent increase in average daily trading volume among foreigners, while among local institutions and local retailers, there were declines of 18.3 per cent and 11.5 per cent, respectively.
MIDF Research said Bursa Malaysia ended the month of April 2023 with a net foreign outflow of RM250.6 million, marking the eighth consecutive month of outflows.
“However, this amount was about five times narrower than the outflows recorded in March 2023,” it said.
