Foreign institutional investors extended their net selling streak on Bursa Malaysia to six consecutive weeks, recording net outflows of RM10.7 million for the latest trading week, according to a market review by Kenanga.
Foreign institutions were net sellers on two out of the four trading days during the week, with the largest outflows recorded on Tuesday at RM97.8 million and Thursday at RM72.1 million. However, these were partially offset by inflows of RM146.6 million on Friday and RM12.7 million on Monday.
Despite the continued foreign selling pressure, several sectors attracted foreign institutional interest. Technology was the largest beneficiary, recording RM128.2 million in net inflows, followed by Industrial Products & Services with RM117 million and Financial Services with RM74.6 million.
On the other hand, Healthcare saw the largest foreign institutional outflow at RM108.8 million, followed by Telecommunications & Media at RM106 million and Construction at RM57.8 million.
Meanwhile, local institutional investors extended their buying streak to ten consecutive weeks, recording net inflows of RM318.2 million during the week.
Retail investors, however, reversed their recent trend, ending a five-week consecutive buying streak with net selling of RM307.5 million.
Kenanga noted that average daily trading volume (ADTV) recorded a broad-based decline during the week. Retail participation fell by 20.6%, while local institutional activity declined by 35.1%. In contrast, foreign institutional trading activity increased by 41.3%.
The continued accumulation by domestic institutions provided some support for the local market amid persistent foreign fund outflows, reflecting a cautious approach by overseas investors towards Malaysian equities.
