The net selling by foreign investors has extended into its 10th consecutive week as they net sold -RM240 million last week. This is the longest streak of net selling by foreigners this year. Over the past 10 weeks, the net foreign outflow from Bursa Malaysia was -RM2.06b.
Foreigners net sold every day last week and they have been net selling for nine consecutive trading days. They net sold -RM19.9m on Monday, -RM91.0m on Tuesday, -RM17.7m on Wednesday, -RM15.2m on Thursday, and -RM96.2m on Friday, tracking the weak sentiments on Wall Street.
Top three sectors that saw net foreign inflows last week were Property (RM14.5m), Financial Services (RM14.1m)
and Technology (RM11.5m). Sectors with the most outflows were Consumer Products & Services (-RM92.2m), Energy (-RM47.2m), and Industrials (-RM34.5m). Year-to-date, foreigners have net sold Malaysian equities for 19 out of 25 weeks, totalling -RM3.83b. This makes Malaysia the second worst-performing market in terms of foreign fund flows, in comparison to the eight exchanges that we track.
Local institutional investors continued to net buy for the fourth straight week at RM250.3m. They net bought every day, at RM31.8m on Monday, RM67.1m on Tuesday, RM34.4m on Wednesday, RM23.1m on Thursday, and RM94.0m on Friday. In contrast to foreign investors, local institutions have been net buyers for 19 out of 25 weeks, with a total amount of RM3.45b.
It was a mixed trading week for local retailers that ended with a net selling of -RM10.3m. They net bought RM23.9 on Tuesday and RM2.3m on Friday while they net sold -RM11.9 on Monday, -RM16.7m on Wednesday, and -RM7.9m on Thursday. Year-to-date, retailers have been net buyers for 13 out of 25 weeks with a total of RM381.6m.
In terms of participation, there was a decline in average daily trading volume (ADTV) across the board among retail investors (-10.3%), local institutions (-19.6%), and foreign investors (-31.0%).
