The net selling by foreign investors on Bursa Malaysia stretches into its seventh consecutive week with net foreign outflows amounting to -RM506.5m, a level last seen in the middle of Mar-23. They have been sellers of 16 out of 22 weeks this year, with a total net foreign outflow of -RM2.96b.
Every trading day last week was a net selling day for the foreigners. Wednesday saw the heaviest net selling for the week at -RM199.3m. The top three counters that foreigners have net sold on this day were RHB Bank (-RM45.8m), Hap Seng Consolidated (-RM31.9m) and Public Bank (-RM30.7m).
The top three sectors that saw net foreign inflows were Technology (RM47.3m), Telecommunication & Media (RM27.4m) and Transportation & Logistics (RM24.7m), while the top three sectors that saw net foreign outflows were Financial Services
(-RM181.6m), Consumer Products & Services (-RM161.5m) and Industrial Products & Services (-RM137.4m).
Local institutional investors turned net buyers last week at RM372.9m. Year-to-date, they have been net buyers of domestic equities for 16 out of 22 weeks, with a total net inflow of RM2.79b.
Local retailers remained net buyers for the second consecutive week after net buying RM133.6m last week. Every trading day was a net buying day except on Friday, with a net sell of -RM9.6m. Yearto-date, local retailers have been net buyers for 11 out of 22 weeks. The total net buying year-to-date amounted to RM173.5m.
In terms of participation, there was an increase in average daily trading volume (ADTV) across the board – retailers (+13.6%), local institutions (+4.0%) and foreigners (+139.4%
