The week ended 3 May 2024 saw stronger net buying by foreign investors, which saw net inflows surging 3.6 times from the week before to RM1.06b as they net bought every day of the week. It was the strongest weekly net buying amount in two years. The last time Malaysia saw such heavy inflows was the week ended 18 March 2022 at RM1.18b.
Foreign investors net bought RM451.8m on Monday, RM184.3m on Tuesday, RM43.0m on Thursday and RM376.1m on Friday. The sectors that recorded the highest net foreign inflows were Utilities (RM443.7m), Financial Services (RM277.3m), and Telecommunication & Media (RM140.4m), while the sectors with the highest net foreign outflows were Energy (-RM22.4m), Plantation (-RM16.9m), and Property (-RM10.4m).
Meanwhile, local institutions took a breather from their strong support for the local market when they net sold –RM943.1m last week, after net buying for nine straight weeks. They net sold every day last week.
Local retailers sustained their net selling streak for the eighth consecutive week, totalling –RM112.2m.
In terms of participation, the average daily trading volume (ADTV) saw increases among all investor classes. Foreign investors led with an increase of +22.0% while local institutional investors and local retail investors saw surges of +16.7% and +6.7% respectively.
