KUALA LUMPUR: Foreign investors continued to net buy on Bursa Malaysia at RM550.9mil last week, which was 2.3 times higher than RM235.1mil recorded in the week prior.
“It was the highest net foreign inflow over the past eight weeks,” MIDF Research said in its weekly fund flow report.
The research house noted that foreign investors were net buyers every day last week registering net purchases of over RM100mil daily except on Thursday when the amount moderated to RM48.7mil after the Fed’s second skip of the year.
The top three sectors that posted the highest net foreign inflows were utilities (RM197.0mil), transportation & logistics (RM110.1mil) and consumer products & services (RM72.8mil).
The three sectors with net foreign outflows were industrial products & services (-RM38.6mil), healthcare (-RM37.5mil) and telecommunication & media (-RM8.4mil).
“Year-to-date, foreign investors have been net sellers, amounting to RM1.92bil,” MIDF said.
Meanwhile, local institutions maintained their net selling stance last week at RM472.5mil, which was the highest since a year ago during the week ended Aug 19, 2022 when they net sold RM675.9mil.
Year-to-date, local institutions have been net buyers totalling RM2.68bil.
Local retailers continued to net sell for the 11th straight week after disposing of RM78.4mil net last week.
Retailers have net sold RM765.7mil so far this year.
In terms of participation, there was a decrease in average daily trading volume (ADTV) among foreign investors by -39.9% last week while local retailers and local institutions saw increase of 16.0% and 14.0% respectively.