Foreign investors reverted to net selling on Bursa Malaysia last week, withdrawing RM725.6 million in equities after a short-lived period of net inflows, according to a weekly market flow report by Kenanga Investment Bank.
The selling was consistent throughout the week, with foreign funds exiting the market on all five trading days. The largest outflow was recorded on Friday at RM315.8 million, followed by Monday (RM168.5 million), Thursday (RM138.2 million), Tuesday (RM100.5 million) and Wednesday (RM2.6 million).
Despite the overall net outflow, selected sectors continued to attract foreign buying interest. The Plantation sector led with net inflows of RM118.6 million, followed by Transportation & Logistics at RM95.8 million and Real Estate Investment Trusts (REITs) at RM46.0 million.
In contrast, Financial Services recorded the heaviest net foreign selling at RM488.0 million, while Telecommunication & Media saw outflows of RM147.2 million. The Property sector also experienced notable foreign selling, with net outflows totalling RM121.4 million.
Local institutional investors provided a degree of support to the market, recording net inflows of RM621.1 million and ending a five-week streak of net selling. Retail participation also improved, with local retailers registering net inflows of RM104.5 million after the previous week’s outflows
Market participation increased across all investor categories during the week. Average daily trading volume (ADTV) rose by 7.4% among foreign investors, while local retailers and local institutions recorded increases of 3.4% and 1.0% respectively.
The renewed foreign selling highlights continued cautious sentiment among offshore investors towards Malaysian equities, even as domestic funds stepped in to provide liquidity support and sector rotation trends emerged across the market.
