Foreign investors net sold equities on Bursa Malaysia again, totalling -RM613.0m last week, after briefly net buying RM10.2m the week prior. The week saw foreign investors net selling every day, with the most outflow seen on Monday at -RM208.7m. They have been selling for six consecutive days.
There were only three sectors that saw net buying by foreign investors, which were Utilities (RM28.5m), Property (RM20.8m) and REITs (RM5.4m). Sectors with the highest amount of net outflows were Financial Services (-RM337.1m), Consumer Products & Services (-RM100.6m) and Telecommunications & Media (-RM51.4m).
Year-to-date, foreign investors have net sold -RM3.73b.
Local institutions maintained their net buying stance for the third straight week at RM618.3m. They net bought every day, with the strongest net buying activity on Monday at RM221.7m.
Local retailers continued being net sellers on Bursa Malaysia, though at a much-moderated amount of RM5.3m as compared to -RM147.1m the week before. Year-to-date, they have net sold -RM660.6m.
In terms of participation, there was an increase in average daily trading volume (ADTV) among foreign investors by +31.6% while retail and institutional investors saw declines of -2.2% and -6.7% respectively
