Foreign investors continued their net selling streak on Bursa Malaysia for the twelfth consecutive week, with net foreign outflows reaching -RM254.1m. On Monday, net foreign inflows of RM83.0m were observed, with foreign investors showing interest in stocks such as Public Bank (RM28.4m), Maybank (RM16.0m) and Gamuda (RM15.2m).
Foreigners have been sellers for 21 out of 27 weeks this year, with a total net foreign outflow of -RM4.45b. The only two sectors that posted net foreign inflows last week were Plantation (RM23.5m) and Construction (RM22.4m), while the top three sectors that recorded net foreign outflows were Financial Services (-RM75.9m), Consumer Products & Services (-RM51.2m) and Industrial Products & Services (-RM50.3m).
Local institutional investors remained net buyers for the sixth consecutive week at a rate of RM200.9m. Following BNM’s decision to maintain the OPR at 3.0% on Thursday, Friday witnessed the highest inflows (RM160.6m) from this investor class. Year-to-date, they have been net buyers of domestic equities for 21 out of 27 weeks, with a total net inflow of RM3.93b.
Local retailers remained net buyers for the second consecutive week, after net buying RM53.2m worth of domestic equities last week. Year-to-date, local retailers have been buyers for 15 out of 27 weeks. The total net buying year-to-date amounted to RM516.3m.
In terms of participation, there was a decrease in average daily trading volume (ADTV) by foreign investors (-17.9%) and retail investors (-1.2%), but an increase among local institutional investors (+3.3%).
