Foreign investors continued to net buy equities on Bursa Malaysia, with a net inflow of RM786.1m, marking the fifth consecutive week of net purchases. Kenanga noted this was 2.2 times higher than the net inflow amount of RM352.9m the week before.
Similar to the previous week, foreign investors net bought every day. The net buying streak has gone on for 16 consecutive trading days, something not seen since Feb-22. The highest net inflow came on Tuesday at RM413.8m, the day the ringgit fell to its all-time low since 1998.
The sectors with the highest net foreign inflows were Financial Services (RM287.2m), Utilities (RM235.8m), and
Energy (RM76.9m), while the sectors with the highest net foreign outflows were REITs (-RM18.6m), Plantation (-RM12.4m), and Construction (-RM4.4m).
As opposed to foreign investors, local institutions continued their trend of net selling domestic equities for the fifth consecutive week, totalling –RM596.6m, 2.1 times higher than the week before at –RM277.5m.
For the third consecutive week, local retailers stuck to their pattern of net selling domestic equities, with total sales reaching -RM189.6m net last week.
In terms of participation, there were increases in average daily trading volume (ADTV) across all investor classes. Local retailers saw an increase of +29.9% while local institutions and foreign investors saw increases of +26.6% and +21.6% respectively.
