Foreign investors returned to Bursa Malaysia last week, net buying RM163.7m on equities after being net sellers for the past two weeks. They net bought RM58.3m on Tuesday, RM83.3m on Thursday, and RM210.5m on Friday but net sold -RM79.2m on Monday and -RM109.2m on Wednesday.
Bank Negara kept its overnight policy rate (OPR) unchanged a 3.00% in its final Monetary Policy Meeting this year, in line with ours and market expectations.
The top three sectors with net foreign inflows for the week were Utilities (RM56.7m), Construction (RM54.7m), and Property (RM48.5m), while the top three sectors that recorded net foreign outflows were Financial Services (-RM60.9m), Consumer Products & Services (-RM42.9m) and Energy (-RM10.8m).
Local institutions net sold -RM93.4m last week, ending four weeks of net buying spree. They net sold -RM54.0m on Tuesday, -RM41.0m on Thursday, and -RM137.6m on Friday while they net bought RM55.6m on Monday and RM83.6m on Wednesday.
Local retailers continued to net sell last week at -RM70.3m, bringing their net selling streak to four weeks. They net sold -RM4.3m on Tuesday, -RM42.3m on Thursday, and -RM72.9m on Friday while they net bought RM23.6m on Monday and RM25.6m on Wednesday.
In terms of participation, there were declines in average daily trading volume (ADTV) among foreign investors by -10.4% and among local retailers by -2.6% last week while local institutions recorded an increase of +2.9%
