Foreign investors continued their net buying streak on Bursa Malaysia for the fifth consecutive week last week at RM465.5m. It was a week that saw foreign investors net buying every day, which last happened during the week ended Feb 24, 2023.
They net bought RM0.8m on Monday, RM84.5m on Tuesday, RM209.7m on Wednesday, RM66.3m on Thursday and RM104.2m on Friday.
The top three sectors that saw net foreign inflows were Financial Services (RM274.3m), Technology (RM66.0m) and Plantation (RM65.0m). The only sectors with net foreign outflows for the wee were Healthcare (-RM72.2m), REITs (-RM22.0m) and Energy (-RM0.7m). Year-to-date, foreigners have net sold -RM2.46b.
Local institutions on the other hand, remained net sellers of domestic equities for the fifth straight week after net selling -RM321.9m last week. They only net bought RM23.0m on Monday and were net sellers for the rest of the week. Year-to-date, local institutions have been net buyers at RM2.68b.
Like the local institutions, local retailers also net sold for the fifth consecutive week at a much higher rate of -RM143.7m as compared to -RM8.5m in the previous week. Year-to-date, local retailers have net sold -RM220.1m.
In terms of participation, there was a decline in average daily trading volume (ADTV) among retail investors and institutional investors by -2.4% and -5.8% respectively while that of foreign investors remained unchanged
