Foreign Investors Extend Selling Streak With Net Outflow Of RM1.14 Billion
Foreign investors extended their net selling streak to fifth consecutive weeks, registering a net outflow of –RM1.14b, 3x higher than the previous week’s outflow of –RM378.1m.
Foreign investors were net sellers on every trading day, with outflows ranging from –RM145.6m to –RM318.1m. The largest outflow was recorded on Tuesday, followed by Thursday with –RM291.0m, Monday with –RM205.7m and Wednesday with –RM174.7m, while Friday recorded the smallest outflow.
The only two sectors that recorded net foreign inflows last week were Industrial Products & Services (RM62.7m) and Transportation & Logistics (RM36.2m). The top three sectors that recorded the highest net foreign outflows were Financial Services (-RM344.3m), Healthcare (-RM239.1m) and Utilities (-RM210.2m).
Local institutions extended their net buying streak to two consecutive weeks, registering purchases of RM1.03b, 3.9x higher than the previous week’s inflow of RM263.7m.
Meanwhile, local retailers continued their net buying activities, extending to a fifth consecutive streak of purchases, posting a net inflow of RM105.5m.
The average daily trading volume (ADTV) experienced a broad-based decline last week. Foreign investors and local retailers recorded a decline of -6.6% and -6.1% respectively, while local institutions saw an increase of +4.8%.
