Foreign Investors Continue Buying Streak, Picking Financial And Utility Stocks

Foreign investors maintained their net buying streak on Bursa Malaysia, with an inflow of RM400.7m, marking the third consecutive week of net purchases. Foreigners recorded net buying every day, with Tuesday witnessing the highest inflow of RM188.9m.

The sectors with the highest net foreign inflows were Financial Services (RM211.2m), Utilities (RM200.7m), and Technology (RM56.3m). Meanwhile, the highest net foreign outflows were Plantation (-RM36.4m), Healthcare (-RM27.5m), and Industrial Products & Services (-RM15.4m).

Local institutions persisted in net selling domestic equities for the third consecutive week, amounting to RM276.6m. The financial services sector (-218.7m) saw the highest net outflow by this investor group, with them disposing of stocks such as Maybank (-RM88.5m), CIMB Group (-RM54.5m), and Public Bank (-RM44.5m).

Local retailers resumed net selling on Bursa Malaysia at -RM124.1m after briefly engaging in net buying of RM9.5m the week before.

In terms of participation, there were increases in average daily trading volume (ADTV) among local retailers (-36.5%), local institutions (-31.7%), and foreign investors (-35.5%).

Previous articleOil Sentiment Remains Bearish As Stock Builds
Next articleQatar Airways Elevates Dining Experience With New Partnership

LEAVE A REPLY

Please enter your comment!
Please enter your name here