Foreign investors channelled their funds back into Bursa Malaysia again after the heavy selloff the previous week, net buying RM299.6m on Malaysian equities.
They only net sold –RM74.3m on Monday but were net buyers for the rest of the week. The strongest day of net buying was on Friday at RM288.3m.
The top three sectors that were net bought by foreign investors last week were Financial Services (RM620.6m), Telecommunication & Media (RM93.9m) and Transportation & Logistics (RM40.8m). The top three sectors that were net sold by foreign investors were Technology (-RM143.8m), Property (-RM113.3m) and Industrial Products & Services (-RM100.7m).
On the contrary, local institutional investors only net bought on Monday at RM55.7m but were net sellers for the rest of the week. In total, they were net sellers, amounting to –RM328.9m. Local retailers net bought equities last week, totalling
RM29.3m.
The average daily trading volume (ADTV) showed declines across all investor classes. Local retailers recorded the highest decline at –45.0%, while local institutions and foreign investors recorded declines of –39.9% and –43.5% respectively.
