Foreign investors maintained their net buying streak on Bursa Malaysia for the sixth consecutive week last week, with inflows amounting to RM52.7m, reflecting a more moderate pace.
Net buying occurred from Monday to Wednesday, with Wednesday experiencing the highest net foreign inflow at RM106.4m. However, foreigners shifted to net sellers by the end of the week, potentially prompted by the release of two weak economic data points. In July, total exports fell by -13.1%yoy to RM116.75b, while total imports shrank by -15.9%yoy to RM99.66b. Meanwhile, Malaysia’s GDP grew at a slower-than-expected rate of +2.9%yoy in 2Q23.
Year-to-date, foreign investors have been net sellers of domestic equities at a rate of -RM2.41b.
The top three sector that posted net foreign inflows were Property (RM165.3m), Technology (RM27.4m) and Plantation (RM23.9m), while the top three sectors with net foreign outflows were Industrial Products & Services (-RM106.5m), Healthcare (-RM49.6m) and REITs (-RM27.1m).
On the other hand, local institutions turned net buyers at RM76.1m after net selling for the past five weeks. Year-to-date, local institutions have been net buyers at RM2.76b.
Going into the sixth consecutive week, local retailers have net sold -RM128.8m worth of domestic equities last week. Year-to-date, local retailers have been net sellers at -RM348.9m.
In terms of participation, there was an increase in average daily trading volume (ADTV) across the board – retail investors at +24.9%, local institutions at +28.2% and foreign investors at +11.9%.
