Foreign Investors Snap Up Stocks For Second Consecutive Week

For the second consecutive week, foreign investors remained net buyers of domestic equities on Bursa Malaysia, with a total of RM112.3m. During the week, every trading day except Monday witnessed a net foreign inflow. Foreigners were net sellers on Monday at -RM26.5m. The stocks experiencing the most outflows on this day were Public Bank (-RM37.2m), RHB Bank (-RM27.4m), and Gamuda (-RM14.0m).

For the week, the top three sectors with the highest net foreign inflows were Financial Services (RM202.0m), Technology (RM23.3m), and Property (RM18.3m), while the top three sectors with the highest net foreign outflows were Healthcare (-RM69.4m), Consumer Products & Services (-RM40.7m) and Utilities (-RM28.2m).

After two consecutive weeks of net buying, local institutions switched to being net sellers at -RM106.7m. The sector that recorded the highest net outflows by this investor group was Financial Services (-RM384.3m).

Local retailers continued to be net sellers of domestic equities for two consecutive weeks, totalling -RM5.6m. This amount was significantly more moderate compared to the previous week’s figure of -RM225.5m.

In terms of participation, there were marginal increases in average daily trading volume (ADTV) among local retailers (+0.9%), and local institutions (+0.4%), but a decline among foreign investors (-29.0%).

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