The net selling by foreign investors on Bursa Malaysia stretches into its ninth consecutive week with net foreign outflows amounting to -RM189.4m. They have been sellers for 18 out of 24 weeks this year, with a total net foreign outflow of -RM3.66b.
Every trading day last week was a net selling day by the foreigners except on Monday when they were picking up counters such as Maybank (RM17.7m), RHB Bank (RM8.6m), and YTL Corporation (RM8.5m). The top three sectors that posted net foreign inflows were Transportation & Logistics (RM103.9m), Construction (RM28.4m), and Consumer Products & Services (RM14.3m), while the top three sectors that recorded net foreign outflows were Financial Services (-RM141.4m), Plantation (-RM60.1m) and Industrial Products & Services (-RM50.4m).
Local institutional investors remained net buyers for the third consecutive week at RM81.2m. Year-to-date, they have been net buyers of domestic equities for 18 out of 24 weeks, with a total net inflow of RM3.20b. Local retailers remained net buyers for the fourth consecutive week after net buying RM108.3m. Year-to-date, local retailers have been net buyers for 13 out of 24 weeks. The total net buying year-to-date amounted to RM418.2m.
In terms of participation, there was an increase in average daily trading volume (ADTV) across the board – retailers (+13.7%), local institutions (+15.1%), and foreigners (+46.5%).
