It was yet another shortened trading week on Bursa Malaysia of only three days due to the Labour Day and Wesak Day holidays on Monday and Thursday. Foreign investors net sold for the third consecutive week, though at a much-moderated amount at -RM20.79m as compared to -RM187.79m a week ago.
They net sold -RM60K on Tuesday and -RM49.23m on Wednesday. Friday was the only net buying day among foreigners amounting to RM28.5m, the next trading day after Bank Negara’s surprise rate hike on Wednesday.
The day saw foreign investors picking up counters such as Public Bank (RM30.5m), Yinson Holdings (RM11.7m), Maybank (RM8.5m) and RHB Bank (RM8.4m). Top three sectors that saw net foreign inflows last week were Telecommunications & Media (RM25.2m), Transportation & Logistics (RM11.1m), and Energy (RM10.9m). Sectors with the most outflows were
Financial Services (-RM39.8m), Industrial Products & Services (-RM17.3m), and Healthcare (-RM15.9m). Yearto-date, foreigners have net sold Malaysian equities for 12 out of 18 weeks, totalling -RM2.14b.
Local institutional investors maintained their net buying stance with a total of RM53.2m. They net bought RM45.11m on Tuesday and RM23.61m on Wednesday before net selling -RM15.53m on Friday. Year-to-date, they have been net buyers for 13 out of 18 weeks with a total of RM2.04b.
Local retailers turned net sellers again at -RM32.4m after two weeks of net buying. They net sold -RM45.05m on Tuesday and -RM12.97 on Friday. Wednesday was the only net buying day at RM25.62m. They have net bought for nine out of 18 weeks this year, with a total of RM96.93m.
In terms of participation, there was an increase in average daily trading volume (ADTV) among local institutions by +0.9% whereas retailers and foreign investors saw declines of -2.0% and -7.6% respectively
