The net buying by foreign investors in Bursa Malaysia extends into its second consecutive week, though at a much-moderated pace of RM179m, as compared to RM570.9m a week ago. It was a shortened trading week, due to the Awal Muharram public holiday on Wednesday.
They net bought RM56.3m on Monday, RM71.0m on Thursday and RM61.7m on Friday but net sold -RM10.1m on Tuesday. The top three sectors which saw net inflows by foreign investors last week were Utilities (RM107.0m), Technology (RM73.5m) and Construction (RM68.4m). The bottom three sectors with net outflows were Consumer Products and Services (-RM103.1m), Financial Services (-RM35.8m), and REITs (-RM11.2m). Year-to-date, foreign investors have net sold -RM3.70b.
Local institutions maintained their net selling stance for the second consecutive week, net selling -RM91.3m. They net bought RM9.8m on Monday and RM2.8m on Tuesday before net selling -RM49.0m on Thursday and -RM54.9m on Friday. Year-to-date, local institutions have net bought RM3.53b. Like the local institutions, local retailers also net sold for the second consecutive week at -RM87.7m. They only net bought RM7.2m on Tuesday and net sold -RM66.1m on Monday, -RM22.0m on Thursday and -RM6.8m on Friday. They have net bought RM165.8m year-to-date.
In terms of participation, there was a decrease in average daily trading volume (ADTV) among foreign investors by -2.9% while retail investors and local institutions saw increases of 6.8% and 17.4% respectively
