KUALA LUMPUR: Foreign investors recorded their highest net weekly buying this year, net buying RM1.5bil in Malaysian equities over the past week, according to MIDF Research.
This marks the third consecutive week of net buying, with purchases made daily, and represents the highest weekly net buying amount since the week ending March 18, 2016.
In its weekly fund flow report, MIDF noted that foreign investors net bought the most in the financial services sector with RM1.3bil, followed by utilities with RM259.7mil, and construction with RM88.7mil.
In contrast, the top sectors they net sold were technology with RM60.4mil, transportation & logistics with RM57.2mil, and industrial products & services with RM41mil.
“Local institutions net sold RM1.26bil last week, the highest since the week ended March 4, 2022. They net bought RM13.9mil on Monday but net sold from Tuesday to Friday,” MIDF said.
Local retailers net sold RM245.4mil for the second consecutive week. They net bought RM26.3mil on Thursday but were net sellers for the remainder of the week.
The average daily trading volume (ADTV) showed an increase of 49.9% among foreign investors while local institutions and local retailers saw declines of 0.4% and 2.8% respectively.
