MIDF noted that foreign investors continued to net sell equities on Bursa Malaysia totalling –RM66.3m last week, which was –28.8% lower than the week before. This was due to the net selling on Wednesday and Thursday. However, net buying days outpaced net selling by 3 to 2.
On a day by day, they net sold –RM39.0m on Wednesday and –RM190.0m on Thursday while they net bought RM15.8m on Monday, RM93.7m on Tuesday and RM53.3m on Friday.
The top three sectors with the highest net foreign inflows were Utilities, Construction, and Property, while the top three sectors with the highest net foreign outflows were Financial Services, Consumer Products & Services, and Industrial Products & Services.
Local institutions continued to net buy for the second consecutive week, at an amount of RM214.7m, more than double the amount recorded the week prior. They net bought RM36.7m on Monday, RM38.4m on Wednesday and RM222.1m on Thursday and net sold –RM67.3m on Tuesday and –RM15.2m on Friday.
Local retailers net sold domestic equities for the third consecutive week amounting to –RM148.4m. They net sold every day of the week except on Wednesday when they net bought RM0.7m.
In terms of participation, there was an increase in average daily trading volume (ADTV) among foreign investors by +1.9%
while local retail and local institutional investors saw declines of –4.6% and –4.0% respectively
