Foreign Investors Extend Selling Spree On Bursa To Four Weeks
Foreign investors continued their divestment trend on Bursa Malaysia for the fourth consecutive week, recording a net outflow of -RM444.4 million last week. This figure marks a slight increase from the previous week’s net outflow of –RM387.4 million.
Foreign investors were net sellers on every trading day except Wednesday, with daily outflows ranging from –RM34.6 million to –RM211.6 million. The largest outflow was observed on Friday, followed by Thursday with –RM127.4 million. Wednesday saw a marginal net inflow of RM10.1 million.
Among sectors, Industrial Products & Services (RM19.4m), Transportation (RM17.3m), and REITs (RM8.2m) recorded the highest net foreign inflows. Conversely, the top three sectors experiencing the largest net foreign outflows were Financial Services (-RM305.2m), Healthcare (-RM51.7m), and Property (-RM36.8m).
In contrast to foreign activity, MIDG Research noted that local institutions extended their buying streak to a fourth week, accumulating net inflows amounting to RM620.6 million.
Meanwhile, the house also noticed local retailers continuing their trend of net selling for the second consecutive week, with outflows significantly increasing to –RM176.2 million, approximately three times higher than the previous week’s –RM57.3 million.
The average daily trading volume (ADTV) on Bursa Malaysia saw a broad-based incline last week across most investor categories. Local institutions recorded an increase of +12.6% in ADTV, and local retailers saw an increase of +14.6%. However, foreign investors’ ADTV experienced a plunge of –8.4%, reflecting their reduced participation on the buy side.
Related
