Foreign investors have been net sellers of domestic equities for two consecutive weeks, with a total net selling of -RM396.9m. Every day was a net selling day for this investor class said research house MIDF.
Wednesday recorded the highest daily foreign outflow of -RM150.4m, with foreign investors selling stocks like Hong Leong Bank (-RM54.0m), KL Kepong (-RM33.6m) and Gamuda (-RM22.4m). Year-to-date, foreign investors have net sold -RM4.13b on Bursa Malaysia.
The top three sectors with the highest net foreign inflows were Utilities (RM107.7m), Technology (RM18.5m) and Property (RM16.2m), while the top three sectors with the highest net foreign outflows were Financial Services (-RM181.9m), Consumer Products & Services (-RM101.4m) and Construction (-RM65.0m).
Local institutions have maintained their trend of purchasing domestic equities for the fourth consecutive week, with a net buying amount of RM493.1m. There were favouring sectors such as Financial Services (RM236.0m), Consumer Products & Services (RM76.4m) and Construction (RM50.3m). Year-to-date, local institutions have net bought RM4.88b of equities.
Local retailers have persisted as net sellers of domestic equities for the third consecutive week, totalling -RM96.2m in net sales. Year-to-date, retailers have accumulated net sales amounting to -RM756.8m.
In terms of participation, there was a decrease in average daily trading volume (ADTV) among retail (-3.6%) and foreign (-26.1%) investors, but an increase among institutional investors (+2.7%).
