Foreign investors' inflows moderate at RM246.3mil last week


KUALA LUMPUR: Foreign investors maintained their net buying streak on Bursa Malaysia for the fifth straight week with inflows shrinking to RM246.3mil for the week ended Dec 1.

According to MIDF Research, the net inflow registered last week was 35.7% lower compared with RM382.8mil a week prior.

Foreign investors briefly net sold RM70.0mil on Monday but were net buyers for the rest of the week. They acquired RM114.3mil on Tuesday, RM59.8mil on Wednesday, RM30.6mil on Thursday and RM111.5mil on Friday.

The top three stocks they were net selling were CIMB Group Holdings (-RM29.4mil), Tenaga Nasional (-RM10.7mil) and MISC (-RM10.0mil).

MIDF said the top three sectors with the highest net foreign inflows were financial services (RM150.6mil), utilities (RM132.2mil), and healthcare (RM64.6mil).

On the other hand, the top three sectors with the highest net foreign outflows were consumer products & services (-RM112.1mil), transport & logistics (-RM48.9mil) and energy (-RM20.6mil).

Local institutions continued to net sell for the fifth consecutive week, disposing of RM457.2mil of equities. They net bought RM7.5mil on Monday but net sold from Tuesday to Friday.

“After seven weeks of net selling, local retailers net bought RM210.9mil on Bursa Malaysia last week, net buying every day of the week, something last seen since early Jan-23,” MIDF said.

Local retailers net bought RM62.5mil on Monday, RM38.4mil on Tuesday, RM63.3mil on Wednesday, RM14.6mil on Thursday and RM32.2mil on Friday.

In terms of participation, there were increases in average daily trading volume across the board among local retailers (+4.5%), local institutions (+7.7%), and foreign investors (+110.2%).

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Bursa Malaysia , MIDF Research

   

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