Foreign investors remained net buyers of local equities for the second consecutive week, contributing to a net inflow of RM131.8m. It was a shortened trading week in conjunction with the Federal Territory Day on Thursday. They net sold –RM96.2m on Monday and –RM24.6m on Tuesday but were net buyers on Wednesday at RM166.0m on Wednesday and RM86.6m on Friday.
MIDF noted that the top three sectors with the highest net foreign inflows were Telecommunications and Media, Industrial Products and Services and Plantation while the top three sectors with the highest net foreign outflows were Utilities, Property and REITs.
Local institutions maintained their stance as net sellers for the second straight week at –RM141.3m, with the bulk
of the net selling occurring on Wednesday and Friday at – RM175.1m and –RM116.8m respectively. They net bought RM97.3m on Monday and RM53.3m on Tuesday.
Local retailers recorded their first weekly net buy this year at RM9.5m after net selling for four consecutive weeks. They net bought RM9.1m on Wednesday and RM30.2m on Friday, after net selling –RM1.1m on Monday and –RM28.8m on Tuesday.
In terms of participation, there was an increase in average daily trading volume (ADTV) among foreign investors by +4.5% while local retailers and local institutions saw declines of –17.5% and –15.5% respectively
