Foreign investors sustained their position as net buyers on Bursa Malaysia for the third consecutive week, with a total of RM172.4m, showing a significantly moderated rate compared to the previous week’s RM676.7m. The market was closed on Monday in observance of Deepavali.
Wednesday recorded the highest daily foreign inflow at RM191.9m. On this day, stocks with the highest net buy amounts were Genting (RM23.9m), PPB Group (RM19.7m), and YTL Power (RM14.9m). The other net inflow day was on Thursday which saw an inflow of RM43.7m.
However, we saw a reversal on Friday which saw net outflow of -RM58.2m. The top three sectors with the highest net foreign inflows were Utilities (RM115.2m), Healthcare (RM63.5m), and Transportation & Logistics (RM51.9m), while the top
three sectors with the highest net foreign outflows were Industrial Products & Services (-RM41.6m), Consumer
Products & Services (-RM31.0m) and Technology (-RM30.8m).
Local institutions registered net sales of -RM95.6m last week, marking the third consecutive week of net selling. Each trading day of the week saw net selling, except on Friday when Bank Negara Malaysia reported that Malaysia’s GDP grew by +3.3%yoy in 3Q23.
Local retailers continued their net selling streak for the sixth consecutive week, with net sales amounting to RM76.8m. Only Tuesday and Friday recorded inflows of RM22.8m and RM3.2m respectively.
In terms of participation, there were increases in average daily trading volume (ADTV) among local retailers by +3.6% and foreign investors by +3.3%, but a decline among the local institutions by -7.4%.
