Foreign investors net bought equities on Bursa Malaysia for the third consecutive week at RM637.8m, the highest since more than a year ago when they net bought RM1.18b during the week ended 18 March, 2022.
They net sold -RM18.6m on Monday but were net buyers for the rest of the week. The highest net inflow came in on Friday with RM181.4m. Between Tuesday till Friday, net inflows from foreign investors were more than RM100m each day, and averaged RM164.1m daily.
The top three sectors which saw net inflows by foreign investors last week were Utilities (RM253.4m), Plantation (RM127.8m) and Financial Services (RM86.3m). There were only three sectors with net outflows last week namely REITs (-RM22.6m), Industrial Products and Services (-RM22.4m) and Telecommunications and Media (-RM8.0m). Year-to-date, foreign investors have net sold -RM3.06b.
In contrast to the foreign investors, local institutions only net bought on Monday at RM54.0m but were net sellers
for the rest of the week. This is their third consecutive week of net selling at -RM403.9m, the highest since the
week ended 19 August, 2022 at -RM675.9m. Year-to date, local institutions have net bought RM3.13b.
Like the local institutions, local retailers also net sold for the third consecutive week at -RM233.7m. They net sold every day at -RM35.4m on Monday, -RM63.8m on Tuesday, -RM54.3m on Wednesday, -RM56.3m on Thursday and -RM24.0m on Friday. They have net sold -RM67.9m year-to-date.
In terms of participation, there was an increase in average daily trading volume (ADTV) across the board. It was 2.5% higher among retail investors whereas for local institutions and foreign investors, both categories saw a 7.3% increase in ADTV.
