Foreign Investors Leave After Two Weeks Of Buying

Foreign funds left Bursa Malaysia last week at a rate of –RM441.1m, after two consecutive weeks of net inflows. Foreign investors net sold every day in the shortened trading week in conjunction with the Hari Raya Haji holiday on Monday.

They net sold –RM80.3m on Tuesday, -RM120.3m on Wednesday, -RM64.7m on Thursday and –RM175.8m on Friday.

The sectors which recorded the highest net foreign inflows last week were Industrial Products & Services (RM130.4m), Technology (RM65.3m), and Transportation & Logistics (RM64.0m), while the sectors with the highest net foreign outflows were Financial Services (-RM529.9m), Healthcare (-RM56.2m), and Plantation (-RM36.4m).

Local institutions returned to net buying last week, amounting to RM274.0m, after two weeks of net selling. They only net sold –RM27.9m on Thursday while they net bought RM57.5m on Tuesday, RM66.9m on Wednesday and RM177.5m on Friday.

Similarly, local retailers also net bought last week at RM167.1m after net selling for two straight weeks. They only net sold –RM1.7m on Friday and net bought for the rest of the week.

In terms of participation, there was an increase in average daily trading volume (ADTV) of +36.1% among foreign investors and declines of –18.1% and –11.1% among local retailers and local institutional investors respectively.

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