KUALA LUMPUR: Foreign investors continued as net buyers of local stocks on Bursa Malaysia for the second week in a row, totaling RM112.3mil, according to MIDF Research.
During the week, every trading day except Monday witnessed a net foreign inflow. Foreigners were net sellers on Monday at RM26.5mil.
The stocks experiencing the most outflows on this day were Public Bank (-RM37.2mil), RHB Bank (-RM27.4mil), and Gamuda (-RM14.0mil).
The top three sectors with the highest net foreign inflows were financial services (RM202.0mil), technology (RM23.3mil), and property (RM18.3mil) for the week ended Dec 22.
On the other hand, the top three sectors with the highest net foreign outflows were healthcare (-RM69.4mil), consumer products & services (-RM40.7mil) and utilities (-RM28.2mil).
"Local institutions switched to being net sellers at RM106.7mil after two straight weeks of net buying. The sector that recorded the highest net outflows by this investor group was financial services (-RM384.3mil)," MIDF said in its weekly fund flow report.
Meanwhile, local retailers continued to be net sellers of domestic equities for two consecutive weeks, totalling RM5.6mil. This amount was significantly more moderate compared to the previous week’s figure of RM225.5mil.
In terms of participation, there were marginal increases in average daily trading volume (ADTV) among local retailers (+0.9%), and local institutions (+0.4%), but a decline among foreign investors (-29.0%).
